NEW APPROACHES IN HRM

33 Resource efficiency A way to get less with more. It increases the overall economic value with more efficient use of resources during their lifetime. Efficiency requires the use of resources in a sustainable manner, within the long-term limitations of the planet. It also means minimizing the impact that the use of one resource has on other resources, including the environment (according to the definitions used in the Roadmap to a Resource Efficient Europe (COM, 2011) Inclusive growth Means empowering people through high levels of employment, investing in skills, fighting poverty and modernizing labour markets, training, and social protection to help people anticipate and manage change, and build a cohesive society. (according to the European Commission's Strategy for Smart, Sustainable and Inclusive Growth (COM, 2010) Although strategies for transition from traditional to green economies should respond to specific opportunities and challenges in different national and local circumstances, it is possible to identify several key characteristics of the green economy, and they are as follows: I. Transition to a low-carbon economy, dominantly in tourism, energy, and transport sectors, could be done by: Ø Designing projects and supporting a coherent policy framework. Ø Strengthening institutions for low-carbon development. Ø Defining goals, measuring, and reporting progress. Ø Introducing low-carbon technology in industrial facilities in line with the best practice. Ø Consistently implementing the polluter/user pays principle. Ø Improving information on environmental impact and decision/making resources. Ø Supporting the promotion of green investments. Ø Introducing green innovations and sustainable consumption and production. Ø Carrying out a structural change in the country's economy. II. Resource-efficient development through implementation of circular economy in agriculture, tourism, construction and housing, energy and transport sectors, could encompass: Ø Strengthening the legal framework through the inclusion of the circular economy concept. Ø Achieving higher economic growth, with reduced resource consumption. Ø Correctly valuing natural and ecosystem services.