Convergence of Environmental and Economic law in the Sphere of Environmental Protection and Natural Resource Management in Ukraine

Abstract

The present article analyses the process of convergence of environmental legislations and commercial regulations in context of natural resource management and environment protection. The relevance of the topic is dictated by the issues related to environmental safety that require using available legal remedies to facilitate the transformation of the conventional economy into the green economy. By its green nature, such an economy requires multipurpose legal regulations including (environmental and commercial) principles of regulation, integrated definition, integrated criteria of legal facts, and legal remedies to stimulate greening of economic life. This article highlights several problems that precede the actual convergence of law and legislation. This is, first of all, the convergence of the environmental and economic policy of the State with conceptual and strategic foundations. This will benefit relevant State administration structures calling for administrative restructuring to ensure competent management in the green economy. Correspondingly, proper organization of the law-making process and scientific-legal research is critically required. The article analyses the essential aspects of the convergence of legal remedies for regulation of environmental management. It characterizes main structural components of environmental and economic law that have common features, and delineates the specified links in the course of legal regulation of natural resource management and environment protection.