Green Economy – Vector of Sustainable Development

The article is devoted to the formation of theoretical, methodological foundations and the development of conceptual approaches to the practical provision of the green economy, considered as a vector of sustainable development. The study substantiates the need to create a new global economic school. The existence of two concepts of economic development of future generations is established. The author’s vision of economic growth in the conditions of sustainable development is formed, as well as its necessity is also proved. A component model of sustainable development is proposed, which allows reflecting the essence and content of the green economy. The positive experience of green integration is summarized. The negative aspects on the way to the practical implementation of the Millennium Development Goals are identified.