GREEN ECONOMY PRINCIPLES IN THE SYSTEM OF SUSTAINABLE DEVELOPMENT IN THE E7 AND G7 COUNTRIES
This article is aimed at exploring experience of the E7 and G7 countries in implementing a green economy and defining the role of the green economy principles in the system of economic development of the country in the context of increasing anthropogenic impact on the environment. There are necessary stages for determination the place of the green economy in the system of economic development of the country from the groups of E7 (emerging market countries - Turkey, Brazil, Russia, Indonesia, India, China, Mexico) and G7 (leading world economies - Canada, France, Italy, Germany, Japan, USA, UK). Firstly, it is necessary to cluster countries by the value of the global green economy index. Secondly, it is necessary to cluster countries by synthetic indicators, such as the gross value added of industrial production (including construction) per 1 ton of CO2 emissions and the number of employees in industry per 1 ton of CO2 emissions. Thirdly, it is necessary to cluster countries by indicators of electricity production from low-carbon sources and consumption of primary energy from renewable sources. Fourthly, it is necessary to identify the country whose experience in the implementation of green economy can be used as a potential model and to create correlation and regression models for the selected country. Fifth, it is necessary to give an economic interpretation of the results. The basis of the methodological apparatus of this study is the cluster analysis using the software STATISTICA 12 and the correlation and regression analysis using the software Microsoft Excel. The cluster analysis showed patterns of development of green economy in the E7 and G7 countries. In addition, the cluster analysis revealed the existing weaknesses with regard to the implementation of the concept of green economy in these countries. Correlation and regression analysis of the selected country showed positive changes on its economic development due to the implementation of green economic activity. Conclusions and generalizations of the study can be applied by national governments to improve the implementation of the concept of green economy. The scientific significance lies in the possibility of using the results of the study as a new direction of economic science. In addition, the results of the study can become the basis for further theoretical research on the green economy. The practical significance consists in the possibility of using the results of the study by public authorities to develop strategies to improve the implementation of the concept of a green economy at the state and regional levels.