This paper explores the concept of the green economy as a vehicle for sustainable development by integrating environmental protection, social equity, and economic growth. The global imperative to address climate change, resource depletion, and ecological degradation has brought renewed attention to the role of media, policy, and local practices in transitioning toward a green economy. The study investigates global policy challenges, environmental and economic dimensions of green economy practices, case studies of successful and failed transitions, and an in-depth analysis of Oklahoma’s experience across energy, agriculture, and infrastructure sectors. Lessons are drawn for Armenia’s policy future based on both global and subnational models. The paper concludes by emphasizing adaptive policy design, stakeholder engagement, and international support as cornerstones of successful green economy strategies.