Chapter 1 Green Economy: A Phenomenon of Progress and a Concept of Environmental Security

Abstract This chapter presents the development prospects of environmentally safe standards in the Russian Federation. It also addresses the imbalance between the natural, socio-economic, and scientific substantiation of green economy development. The main idea of this chapter is based on the necessity of technological modernization, which would facilitate the reduction of environmentally unfriendly production methods, the decrease in natural resources depletion, and the increase in economy competitiveness by reducing the dependence on carbon energy. The authors substantiate reasons and effective solutions for a green economy aimed at realization, implementation, and successful exploitation of innovation in the alternative energy production space.