Green economy is the economic development model based on sustainable development and knowledge of ecological economics. A feature distinguishing it from other economic models is the direct valuation of natural capital as having economic value. The development of a green economy will promote the wise use of natural resources and reduce negative impacts on the environment. It will promote implementation of clean production and clean consumption practices, attraction of green investments and creation of new green jobs in view of sustainable development of national economy.   Besides, it will prevent environmental degradation and depletion of natural resources, which will result in improved human well‐being and social equity.

"Green economics" is defined as any theory of economics by which an economy is considered to be component of the ecosystem in which it resides. Green economy does not delimit the public and private sectors of the economy. It tries to find positive alternative of economic solutions. The key regulator of green economy is not the state or private business, but the public who chooses and manages it. 

A green economy is based on six main sectors: 
1. Renewable energy (solar, wind, geo-thermal, sea, including waves, biogas and thermal cells);
2. Green buildings (energy green modifiers, green products and materials);
3. Sustainable transport (alternative fuel, public transport, hybrid and electric vehicles);
4. Water management (water and rain-water treatment facilities, water-smart inner landscape, use of water);
5. Waste management (utilization, municipal waste, use of materials, soil fertility improvement, cleaning);
6. Land management (organic agriculture, urban forests and parks, forest farming)