Evaluation indicators of green economic development: The case of the Baltic countries

Abstract

Research purpose. The green economy may become a solution to the existing problems. The European Union must implement solutions related to the green economy in order to solve the existing ecological, economic and social problems in the region, such as pollution in the Baltic Sea region, inequality, greenhouse gas emissions, climate change and so on. It can be assumed that green economy evaluation research conducted in the scientific community does not always reflect the real situation, due to the lack of indicators or limited evaluation methodology. The aim of this article is characterized by academic literature to identify green economic development indicators and evaluate green economic development indices in three Baltic countries: Lithuania, Latvia and Estonia.