Evaluation of the Green Economy in Bulgaria

Abstract

The green economy concept is related to the contemporary trend of searching synergy among economic, environmental and social spheres.  The paper evaluates the green economy development in Bulgaria, based on a modified methodology of the global green economy index. Calculations are made of several group indicators (leadership and climate change, sectoral efficiency, markets and investments, environment and natural capital) and are compared to the best achievement in a given component. The interrelationship between the various economic components has been proven, as well as the lack of synergy in the development of the different aspects of the green economy in Bulgaria, and different policies and instruments.