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The article reveals the content of 'green' (sustainable) economy and the role of the Third Industrial Revolution (T.i.r.) and generated innovations in its formation. The article analyzes regularities of the T.i.r. origin and the prerequisites for its implementation. The main types of innovation transitions are considered when forming a new type of economy. The directions for transformation of economic systems at different levels are studied. The EU experience is analyzed.
Melnyk et al. (Sun,) studied this question.
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