Ecological Aspects of the Development of Ecological, Circular and Green Economy and Azerbaijan Realities

Abstract

The article analyzes issues related to the environmental aspects of the application of the principles of ecological, circular and green economy and provides an overview of the current state of affairs in Azerbaijan. It also pays attention to the historical aspects of the formation of the stages of economic development of Azerbaijan. The article describes the ecological and economic aspects of the impact of the development of industry, agriculture and other economic sectors on the environment. Studies show that resource constraints, the use of consumption and production waste have always existed. However, these issues have been solved differently in different historical periods. The solution to these accumulated problems consists in the transition to an ecological and circular economy model, which ultimately means a “green” economy. The introduction of more advanced technologies not only reduces the negative impact of current production activities on the environment, but also reduces the volume of waste accumulated from past production periods. Special attention is paid to government initiatives and institutional reforms aimed at reducing environmental impacts and improving the efficient use of natural resources. The advantages of investment activities in the green sector and the relationship between environmentally friendly projects and the dynamics of economic growth are determined. The article examines a special approach to the economic structure of modern society, which has been known in recent years as the “green” economy. The green economy aims to ensure sustainable socio- economic development of society through the efficient use of natural resources, their protection and restoration. The article notes that the rapidly changing climate, the irreversible destruction of animals and plants, the increase in pollution-related diseases, and the impact of industrial waste, water and soil pollution and depletion clearly indicate that the old economy has led to a crisis in the relationship between humanity and the world.