ECONOMY / STRATEGIC PLANNING

Green economy results with higher welfare of people and social equality, thus significantly reducing the environmental risks and environmental deficiencies. To simplify, green economy is the economic activity performed with low CO₂ emissions, utilising efficiently resources, which is also socially inclusive.

Green economy is the activity where income and employment increase with the investments that reduce CO₂ emissions and/or increase the eco-system efficiency and preserve the biodiversity.

Many countries realised that accepting green economy approach as the strategy of future leads to social equality and decrease of environmental disasters. In practice, green economy includes development of green, economy branches such as renewable energy sources, energy efficiency and organic agriculture.

Green economy concept includes wider use of renewable energy sources, increased employments and investments in so called green industry branches. Green economy achieves the increase of income and employment with public or private investments, which also:

• decreases CO₂emission and other pollution;
• achieves energy efficiency and efficiency in use of resources; or
• prevents losses of biodiversity and eco-system services.

Strategic planning is one of the instruments that leaders and managers of institutions / organisations may use in order to make optimal decisions, which are also implementable. That is the process helping the institutions/organisations plan their future activities, determine priorities, efficiently allocate resources (not only financial, but also human potential and other available material assets), and to follow up the progress against the determined strategic goals. Strategic planning is used to help institutions/organisations to better implement their competencies stipulated by the Law and other regulations – to concentrate available energy, crystalize their thinking, ensure that everyone within the institution/organisation strives to the achievement of the same goals, and to self-evaluate and adjust the direction the institution/organisation goes to, by responding to the changes in the environment.