16.11.2023 (Обновлено: 21.11.2023 09:17)

EAEU adopted concept of introducing green economy principles

At its meeting held on November 14, the Eurasian Economic Commission's Board adopted a recommendation on the concept of introducing green economy principles in the Eurasian Economic Union.

As Sergei Glazyev, EEC Minister in charge of Integration and Macroeconomics, emphasized, the document was elaborated in order to implement paragraph 8.3.7 of the Strategy-2025.

The document defines four principles of the EAEU green economy: transparency and cooperative attractiveness in implementing green projects, exchange of experience and best practices of national climate regulation systems between the Member States, economic efficiency, and increasing the gap between economic growth and anthropogenic impact on the environment.

"The prepared concept determines for the first time at the EAEU level a set of internationally accepted criteria for classifying projects as green. Using these criteria will enable each Union State to ensure the required balance between environmental and climate protection, on the one hand, and achievement of national goals of sustainable social and economic development, on the other hand," Sergei Glazyev noted.

Applying pan-Eurasian approaches to the green economy development creates conditions for mutual recognition of national environmental regulatory systems and non-application of the so-called climate barriers, not only between the EAEU States, but also with the Union's external partners that support these principles.

"Coordinated approaches to green transformation are the most important, but at the same time, only the first stage of the work that needs to be done," Sergei Glazyev concluded.
The EAEU countries are recommended to take the concept into account when developing measures to transit to the green economy. The document was published on the EEC website.