Abstract
Abstract: This scientific article examines the institutional foundations for ensuring sustainable development of the industrial sector through the implementation of green economy mechanisms. The study focuses on the role of government institutions, regulatory frameworks, and policy instruments in promoting environmentally sustainable industrial development. The theoretical foundations of the green economy concept are analyzed, and its relevance to industrial modernization and sustainable growth is substantiated. Special attention is paid to institutional mechanisms such as environmental regulations, economic incentives, investment support, and public–private partnerships. The research employs systematic analysis, comparative analysis, and synthesis methods. The findings highlight that effective institutional frameworks are essential for the successful integration of green economy principles into industrial development strategies. The results of the study may serve as a basis for improving industrial policy and institutional reforms aimed at sustainable economic growth.
References
1. Brundtland Commission. (1987). Our Common Future. Oxford University Press.
2. United Nations Environment Programme (UNEP). (2011). Towards a Green Economy.
3. United Nations. (2015). Transforming Our World: The 2030 Agenda for Sustainable Development.
4. North, D. C. (1990). Institutions, Institutional Change and Economic Performance. Cambridge University Press.
5. Porter, M. E., & van der Linde, C. (1995). Toward a new conception of the environment-competitiveness relationship. Journal of Economic Perspectives, 9(4), 97–118.
6. OECD. (2017). Green Growth Indicators. OECD Publishing.
7. World Bank. (2012). Inclusive Green Growth: The Pathway to Sustainable Development.
8. Schaltegger, S., & Wagner, M. (2011). Sustainable entrepreneurship and sustainability innovation. Business Strategy and the Environment, 20(4), 222–237.