Green Growth, Green Economy and Sustainable Development: Terminological and Relational Discourse

The purpose of the survey and to some extent polemical article is to present the issue of green growth, a new operating strategy, which the OECD is currently working on. Green growth is seen as a practical tool for achieving the timeless objective, which is sustainable development. In the paper, a particular attention is put on the following question: what kind of relationship occurs between green growth, green economy and sustainable development. The author analyses the purpose of simultaneous functioning of the three "green" ideas. The added value of this paper is a presentation of the author's model of GG-GE-SD relations and a new approach to defining the phenomenon of green growth. It is concluded that co-existence of the trio green economy - green growth - sustainable development is reasonable due to the complementary and synergistic nature of correlations between these concepts.