ABSTRACT
Since the second half of the 20th century, the level of destruction caused by global environmental changes has been alarmingly increasing, leaving an immense impact on all aspects of humanity: availability and quality of resources, spread of infectious diseases, dramatic temperature differences, soil infertility and consequent food shortage, and higher frequency of natural disasters destroying property and assets. Ecological issues are affected. Nature is no longer perceived to satisfy ever-growing needs. There are efforts to invent a new model of economic growth. Nowadays, economic growth and environmental protection are no longer regarded as mutually exclusive, and BRICS, like many other economies, have proclaimed the notion of sustainable growth, i.e., producing economic results without causing ecological harm and even using economic activities to develop environmentally friendly products and services as one of their priorities. This drastic transition requires substantial structural changes in existing economic models: every economic actor should perceive green growth as necessary and beneficial to green markets and subsidise a sustainable economy. It can be achieved via government economic support and legal enforcement of environmental regulations based on environmentalism-related comprehensive studies.
