Transition to Green Economy in EU: Analyzing Policy and Economic Shifts

Abstract

This study examines the multifaceted relationship between sustainable development and the transition to a green economy, emphasizing the complex balance between environmental sustainability and economic growth. The research identifies a significant knowledge gap in understanding the socio-economic impacts of green technologies. Using a comprehensive methodology, including cluster and TSA analysis, the study evaluates the effectiveness of Regional Operational Programs in promoting sustainability across various European regions. Key findings reveal the creation of unique clusters due to energy market integration, highlighting the need for additional metrics to assess clean energy production. The study concludes that a successful transition to a green economy requires a systemic approach that includes technological innovations and strategic policy alignments. The implications of this research suggest a vital need for interdisciplinary strategies to address the long-term impacts of green technologies on employment and economic stability. Further research is recommended to explore innovative modernization in traditional industries and the potential for post-industrial development in regional contexts.