International Legal Initiatives and Mechanisms for Promoting Cross-Border Contract in the Green Economy and Sustainable Development
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https://doi.org/10.59022/ujldp.309Keywords:
Green Growth, UN, World Bank, European Union, Kyoto Protocol, Paris AgreementAbstract
This article examines the main international programs and legislative frameworks that contribute to the development of a green economy. The UN, EU, World Bank, and other key institutions are prioritized. This article discusses worldwide legal and institutional cooperation that affects green and sustainable growth. Improved implementation, legislative improvements, and a transition to a low-carbon, resource-intensive economy are examples. In addition, the article analyzes the specific features of international agreements and conventions, such as the Paris Agreement, Agenda 2030 for Sustainable Development, the Kyoto Protocol, the United Nations Framework Convention on Climate Change, and the Convention on Biological Diversity. Their impact on the green economy is studied. This paper highlights how the United Nations, the European Union, and other international financial institutions help create a thorough and consistent framework for defining mandatory green economy and environment criteria. The results demonstrate the need for broad legal frameworks that improve environmental governance and accountability at all decision-making levels.
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