scholarly journals Financial Support for Green Economy Projects in Russia Based on the Principles of Sustainable Development

2020 ◽  
pp. 148-159
Author(s):  
Andrey Anikin ◽  
Keyword(s):  
Sustainable Development ◽  
Mutual Influence ◽  
Negative Impact ◽  
Anthropogenic Impacts ◽  
Environmental Safety ◽  
Green Economy ◽  
National Interests ◽  
Environmental Projects ◽  
Methodological Principles ◽  
Stimulation Of

The article presents the results of the analysis of the Russian eco-finance system: fundamental strategies, key regulatory documents, measures and tools. The analysis was based on the methodology of sustainable development and consideration of ESG factors. We found that the formation of the institutional framework of ecofinance and the development of advanced measures of support and stimulation of projects of green economy takes into account methodological principles for sustainable development: integrating anthropogenic impacts on natural areas; balanced decision-making on establishing regulatory requirements in the field of environmental safety, responsibility for negative impact on the environment; priority of national interests in the development of measures. The analysis showed that there is an established system of measures to support and stimulate eco-projects, both administrative and financial, direct and indirect, incentives and sanctions. The system is evolving and being modernized: measures have been developed and implemented to support issuers of securities whose target orientation (securities) is related to investing in eco-projects, and a draft article “Environmental tax” has been developed and is being discussed. The features of the Russian system of support and stimulation of environmental projects are its “youth”, being at the stage of formation, and the “lack of configuration” of economic mechanisms, which makes it difficult to assess the effectiveness of the measures taken. When evaluating environmental projects and the effectiveness of support measures, it is advisable to take into account the principles of sustainable economy, as well as the relationship and mutual influence of ESG factors.

scholarly journals “Green” bonds as a perspective instrument of attracting investments in ecological projects in Ukraine

2020 ◽  
pp. 52-60
Author(s):  
Oksana Klymenko ◽  
Svitlana Mala
Keyword(s):  
Sustainable Development ◽  
Economic Analysis ◽  
Economic Trend ◽  
Global Market ◽  
Bond Market ◽  
Regulatory Framework ◽  
Green Economy ◽  
Financial Flows ◽  
Environmental Projects ◽  
Green Investments

Relevance of research topic. The global economic trend is characterized by the “greening” of investment processes in order to ensure sustainable development. One of the instruments of attracting green investments in the economy is green bonds. In this regard, there is a need to create and operate a green bond market in Ukraine. Formulation of the problem. Ukraine has joined the global institutions promoting sustainable development and has declared the transition to a “green” economy, so analysis of foreign experience is needed to develop recommendations to a regulatory framework that will help solve the problem of attracting “green” investments in the Ukrainian economy. Analysis of recent research and publications. Among scientists and practitioners dealing with the problems of green investments, we should mention O. Veklic, Y. Podvisotsky, K. Markevich, M. Grityshina, A. Frolov. Selection of unexplored parts of the general problem. The issue of using green bonds to finance environmental projects in Ukraine remains poorly understood. Setting the task, the purpose of the study. The purpose of the study is to analyze the global trends in the green bond market and to develop recommendations for using this type of bond to finance environmental projects in Ukraine. Method or methodology for conducting research.  The theoretical basis of the study is the dialectical method of cognition and a comprehensive approach to the study of economic processes in the financial sphere. The following special methods of research were used: historical and economic analysis; statistical and economic analysis; abstract-logical analysis; graphic methods. Presentation of the main material (results of work). The article reveals the positive dynamics of the global green bond market development, and determines that this type of investment is an important segment for Ukraine, which is a member of the world institutions for sustainable development. The state of the regulatory framework in Ukraine, which regulates the circulation of green bonds, is considered. The concept of introduction and development of the green bond market in Ukraine is recommended. The field of application of results. The results of the study can be used in the national financial system. Conclusions according to the article. Analysis of the global market for green bonds has led to the conclusion that this financial segment is characterized by a progressive and positive development. Green bonds have created a new way of attracting investors to green assets, the advantage of which is that investors are involved in the issue of these financial instruments, which put environmental responsibility first. Creating a market for green bonds in Ukraine will allow us to accumulate and direct financial flows for the development and financing of domestic green projects.

scholarly journals Influence of implementation of major regional projects on the socio-ecological-economic system (using the example of the Republic of Tatarstan)

2019 ◽  
Vol 110 ◽  
pp. 02043
Author(s):  
Anatoliy Makarov ◽  
Artem Nagimov ◽  
Elvira Abdullina ◽  
Tatyana Mansurova ◽  
Ekaterina Khovanskaya
Keyword(s):  
Sustainable Development ◽  
Regional Economy ◽  
Negative Impact ◽  
Environmental Safety ◽  
Economic Effects ◽  
The Republic ◽  
Key Indicators ◽  
Regional Projects ◽  
Regional Authorities

The article is devoted to the new trends of sustainable development of the Republic of Tatarstan in conditions of implementation of the large regional projects. Classification of the most significant regional projects implemented in the Republic of Tatarstan in recent years is presented in the article. On the basis of these projects, new "growth points" of the development of the regional economy are formed. Macro-economic effects of projects’ implementation caused by changes of the key indicators are observed. Activities of the regional authorities to ensure environmental safety aimed at reduction of the negative impact on the environment within the implementation of the large regional projects are described in the article.

scholarly journals Foreign Experience of Green Economy Development in the Activities of Energy and Oil and Gas Companies in the 21st Century

2020 ◽  
Author(s):  
Mariia Andreevna Gureva ◽  
Valentina Vladimirovna Butko
Keyword(s):  
Sustainable Development ◽  
21St Century ◽  
Circular Economy ◽  
Oil And Gas ◽  
Green Economy ◽  
Economy Model ◽  
Foreign Experience ◽  
Environmental Projects ◽  
Oil And Gas Companies

Green economy models, in particular, the circular economy model, are capable of creating promising ways to build an ecological future, which requires modernization of the system with respect to a number of environmental methods and elements. The article discusses examples of implementing the key principles of sustainable development and the green economy in the activities of foreign energy and oil and gas companies, which represent a segment with the most powerful potential for introducing new innovative processes and conducting environmental projects.

scholarly journals SCIENTIFIC AND TECHNICAL PREPARATION OF PRODUCTION IN PROVIDING SUSTAINABLE TRANSITIONS IN ECONOMY

2021 ◽  
Author(s):  
Ihor Alieksieiev ◽  
Andriana Mazur
Keyword(s):  
Sustainable Development ◽  
Financial Institutions ◽  
Environmental Safety ◽  
Maximum Effect ◽  
Development Projects ◽  
Production Plant ◽  
Environmental Consequences ◽  
Analysis And Synthesis ◽  
Environmental Component ◽  
Methodological Principles

Sustainable development is an extremely important area of activity for all businesses - the environmental component. This means that along with the main goal of any business - to make a profit while meeting the needs of the consumer - entrepreneurs must pay attention to the environmental consequences of their production activities. Of great importance for solving the problems of environmental safety, ensuring sustainable development is the preparation of production, which would guarantee the maximum effect from the introduction of innovative technologies and products, at least at a certain level of technological excellence. Such issues are already being developed and implemented in European and North American countries. In Ukraine, on the other hand, these aspects are still insufficiently studied and require both environmental and economic justification. The article is devoted to the study of the basic principles of the formation of sustainable development projects in enterprises, the establishment of cooperation between economic entities and financial institutions in order to ensure the effective achievement of the goals of the strategy of sustainable transformation of the state. The object of research in the article is the substantiation of methodological and applied recommendations for the creation of a special intermediary fund between enterprises and financial institutions for scientific, technological and environmental preparation of production (STEPP). Each enterprise that conducts work on the development of innovative projects, and therefore organizes the preparation of production, should form an appropriate fund for STEPP, which should be responsible for the quality of projects of product designs and production schemes that will ensure environmental safety of the enterprise. Such a fund, created directly at the production plant, would be an accumulator of funds received for the development of technologies, taking into account the requirements of sustainable development. Accordingly, such a fund should act on behalf of the company with the initiative to obtain the necessary credit resources and enter into relations with commercial banks or credit unions. Employees of the fund should cooperate with credit institutions in order to obtain the necessary loans. Research methods: dialectical method and methods of analysis and synthesis - to study the features of the implementation of innovative works at the stage of scientific, technological and environmental preparation of production in the formation of sustainable development projects; structural and logical analysis - development of theoretical and methodological principles of the fund to ensure cooperation in financing sustainable development projects. The article proposes the formation of the stage of scientific-technological-environmental preparation of production for enterprises that are working on the development of innovative projects. The environmental component should be added to the development of structures and technologies in the technical and economic aspect.

scholarly journals The concept of sustainable development environmental aspects and project approach

2021 ◽  
Vol 244 ◽  
pp. 11027
Author(s):  
Natalia Kataeva ◽  
Alexey Sysolyatin ◽  
Oksana Feoktistova ◽  
Darya Starkova
Keyword(s):  
Sustainable Development ◽  
Negative Impact ◽  
Environmental Aspects ◽  
Nature Protection ◽  
Environmental Support ◽  
Environmental Component ◽  
World Economic ◽  
Environmental Projects ◽  
Stable Growth ◽  
The Impact

This article analyzes the environmental aspects of sustainable regional and macroeconomic development, as well as the impact of environmental factors and national environmental projects. The essence of the concept of sustainable development of economic entities in a broad sense is to ensure stable growth of indicators in the environmental, social and economic spheres in the long term. Based on the analysis of the list of indicators of sustainable development, the increasing role of the environmental component is shown. We have identified particularly acute environmental problems that hinder effective sustainable development both at the micro-level (of the organization) and at the macro-level in the whole country and the global community. Based on the calculation of the nature protection, socio-ecological and industrial-ecological indices, the consolidated environmental rating and the place of the Kirov region is determined in it. The analysis of the results of research and the opinions of the World Economic Forum experts on the problems of global threats showed the timeliness and relevance of the national project “Ecology” being implemented in Russia, as well as measures of environmental support and planned environmental projects in the Kirov region. The implementation of the planned measures will activate the catalysts of sustainable development and reduce the risks of negative impact on the environment.

scholarly journals Green Economy and Sustainable Development: The Economic Impact of Innovation on Employment

2018 ◽  
Vol 10 (10) ◽  
pp. 3541 ◽  
Author(s):  
Luigi Aldieri ◽  
Concetto Vinci
Keyword(s):  
Sustainable Development ◽  
Negative Impact ◽  
Knowledge Diffusion ◽  
Economic Incentives ◽  
Policy Implications ◽  
Green Economy ◽  
Job Displacement ◽  
Firm Level ◽  
Displacement Effect ◽  
The Impact

The purpose of this paper is to analyze the role of the knowledge diffusion process in employment effects of sustainable development investments for large international firms. We present an empirical analysis based upon a dataset composed of worldwide Research and Development (R&D) -intensive firms over the period 2002–2010. In order to identify the technological relatedness measure between the firms, we use the friendly environmental patents’ distribution. The drivers of labor innovation effects are identified as a complex combination of job displacement and compensation forces of innovation. Two research questions are investigated: first, we wonder whether green economy investments stimulate firm-level jobs within three different environmental contexts: water, waste and energy; second, we would like to learn the extent to which the knowledge diffusion is an important channel supporting labor in the environmental context, by analysing the impact of intra-industry externalities. From the empirical results, we can observe that environmental spillovers have a negative impact, by confirming the prevalence of the displacement effect. This finding is extremely important for policy implications. Indeed, not only economic incentives to allow the transition to cleaner technologies are required, but also stronger actions to favor job creation relative to environmental activities are needed for a full sustainable achievement of firms.

scholarly journals Problem of environmental safety during construction (analysis of construction impact on environment)

2020 ◽  
Vol 164 ◽  
pp. 07006 ◽  
Author(s):  
Elena Smirnova ◽  
Yuliya Larionova
Keyword(s):  
Sustainable Development ◽  
Negative Impact ◽  
Raw Materials ◽  
Construction Materials ◽  
Interdisciplinary Approach ◽  
Ecological Monitoring ◽  
Environmental Safety ◽  
System Level ◽  
Open Pit ◽  
Construction Activity

The article provides an analysis of construction influence on the environment, the environment-forming function of the construction activity has also been studied. The assessment of environmental factors has been made on the basis of interdisciplinary approach. The conducted assessment of state and dynamics of eco-economic interaction between the construction activity and the environment, the basis of sustenance of the urban and agricultural economy in Russia, has demonstrated the investment potential of production of the construction materials. However, the raw materials are mined by the open pit; the lands of agricultural purpose get requisitioned for the pits. All this shows an ecological inefficiency of the construction industry growing from year to year. A direct demolition of natural eco-systems in the local areas contradicts the attractiveness of ecological construction in the framework of movement to the sustainable development of the country. The system “construction – vital activities environment” has been reviewed as an eco-economic equilibrium, as a criterion of the authentic system-level development. It is necessary to increase the quality of ecological monitoring. The performed analytical helps to come to a conclusion that notwithstanding the developed basic provisions of institutional policy a negative impact of construction on the environment impedes the development of ecologically-oriented investment and construction activity and sustainable development of the country.

scholarly journals Environmental safety in the countries bordering Kazakhstan in the context of sustainable development

2021 ◽  
Vol 244 ◽  
pp. 01016
Author(s):  
Zeinegul Yessymkhanova ◽  
Shakizada Niyazbekova ◽  
Zhanar Dauletkhanova ◽  
Nurdin Dzholdoshev ◽  
Tamara Dzholdosheva
Keyword(s):  
Environmental Management ◽  
Sustainable Development ◽  
Negative Impact ◽  
Anthropogenic Pollution ◽  
Environmental Safety ◽  
Full Member ◽  
Investment Policies ◽  
Environment And Health ◽  
Environmental Technologies ◽  
The Impact

Current situation in the environmental sector for the EAEU countries it is one of the most burning topics. One of the priority areas of the country’s sustainable development policy The Eurasian economic Union recognizes ensuring the welfare of the population living in the Eurasian space and introducing environmental technologies, creating environmentally friendly industries, and much more. Important changes have taken place in the environmental safety sector, and positive dynamics are beginning to be determined not only by intentions, but also by real actions aimed at improving the quality of the environment and health. In the context of globalization, the nature of the market–plan relationship in environmental management is changing dramatically. On the one hand, the influence of market forces and competition that stimulate the development and implementation of environmental policies by each individual state is increasing. On the other hand, the impact of international economic institutions on national relations is increasing, resulting in the creation of a system of supranational environmental management. Joint solution of issues related to prevention of negative impact on the environment is possible only through: contractual actions, investment policies, and planned activities aimed at maintaining environmental balance. Kazakhstan, being a full member of the EAEU actively participates in the formation of a regulatory framework aimed at reducing industrial risks, identifying the scale of anthropogenic pollution and implementing environmental monitoring.

Green Economy As a Guarantor of Achieving Sustainable Development

2015 ◽  
Vol 4 (1) ◽  
pp. 32-36
Author(s):  
Макиева ◽  
E. Makieva
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Russian Federation ◽  
Global Economy ◽  
Green Economy ◽  
Clean Technologies ◽  
The Russian Federation ◽  
Stimulation Of

This article deals with interrelations of concepts of sustainable development, green economy, and economic growth. The author provides a description of the most important features inherent in green economy, assesses opportunities for investments into clean technologies and the natural infrastructure of the Russian Federation, reveals a need for transformation of the global economy, stimulation of its greening.

scholarly journals The Essence of "Green Bonds" and Issues of Effective Management in Georgia

Economics ◽  
2021 ◽  
Vol 104 (3-5) ◽  
pp. 51-59
Author(s):  
Tengiz Lachkepiani Tengiz Lachkepiani ◽  
Maya Kiladze Maya Kiladze ◽  
Mtvarisa Tananashvili Mtvarisa Tananashvili ◽  
Maia Lomishvili Maia Lomishvili
Keyword(s):  
Sustainable Development ◽  
Negative Impact ◽  
Risk Mitigation ◽  
Well Being ◽  
Green Economy ◽  
Poverty Eradication ◽  
Good Opportunity ◽  
The Sustainable Development ◽  
Long Run ◽  
Ecological Relations

Green bonds can be considered as a model of economic development, that reduces environmental risks and ecological problems, promotes sustainable development, reduces the negative impact on the environment. In addition, it can be considered as a mechanism for the sustainable development and poverty eradication, and its result will also improve the human well-being and social equality. Like any new form of financing, including "green bonds", it is still in its infancy and can be evaluated after some time. We think this financing tool will be useful for financing environmental projects. In addition, the establishment of the new Green Bank (or fund) will facilitate the direct investment or risk mitigation tools, or both, for the climate-related projects. LEDS and NEEAP have independently submitted options for setting up a public organization with a special mandate about green funding. Investors, commercial banks and corporations operating in Georgia may benefit from such a national funding organization for climate change measures to protect their investments from risks. One of the priority directions of ecological relations for Georgia is the creation of normative acts, which enable the unification and harmonization of ecological legislation, including in the field of "green economy". The development of "ecological technologies" is also of great importance for the development of the "green economy". The "green economy" strategy should become a model of sustainable development in the long run. In Summary, Green bonds may have been a good response by governments to restore the pandemic-reduced economic activity. With the reduced liquidity, this could be a good opportunity to access capital and increase investor confidence in the private sector and to attract more investments. Keywords: Green bond, Financial market, Issuer, Finance, Green Bank.

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