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The article considers the essence of "green economy" and its role in improving people's welfare in the framework of the concept of sustainable development. The current model of development of the world economy as a whole and its individual countries is aimed at implementing the "green economy" model as the economy of the future. This model does not disrupt the balance of economic, social and environmental interests. The article examines the processes of implementation of the environmental and economic policy of Ecuador, examines the impact of various sectors of the economy on the environmental situation of Ecuador, in particular the impact of the industrial sector, the irrational use of resources, and agriculture. Barriers and difficulties in the development of the green economy in Ecuador were identified; an important problem was highlighted – corruption in the country, which hinders the development of the "green economy" in Ecuador in General and the processes of investment in environmental projects, in particular. The authors present an overview of current projects and programs of development of green economy in the context of sustainable development of Ecuador (development project for indigenous and black peoples of Ecuador (PRODEPINE), aimed at strengthening the cultural identity, economic development and environmental protection with the participation of indigenous peoples; the local development project (PROLOCAL), developed with the necessary support to vulnerable groups of métis). The article offers key recommendations for the development of a green economy in Ecuador. Keywords—"green economy", Ecuador, environmental problems, social and environmental projects

Environmental Policy and Directions of Development of “Green Economy” in Ecuador