The Mechanism to Implement Environmental Investment Projects on the Basis of Equity Financing

The desire to avoid dependence on the principles of the commodity economy, as well as the ultimate exhaustion of natural resources, encourages the state and business to search for new mechanisms and technologies for the reproduction of public goods. One of the key dominants in this direction is the field of ecology, environmental conservation, and, as a result, the development of environmental investment projects. However, the new investment principles require not only sustainable interest of investors and economic entities, but also an extensive developed legislative framework, protective mechanisms for reducing investment risks and highquality financial regulation of this process by the state. The development of environmental investment will contribute to the sustainable growth of the Russian economy in the context of the transformation of the external and internal environment, the general improvement of the environmental friendliness of the production of national goods and services, and will also allow to establish an alternative direction of green financing.

Download Full-text

The Use of Cost-Benefit Analysis for Evaluating Efficiency of Public Investment Projects (The Case of Sochi-2014 Winter Olympic Games)

Voprosy Ekonomiki ◽

10.32609/0042-8736-2011-11-57-78 ◽

2011 ◽

pp. 57-78

Author(s):

I. Pilipenko

Keyword(s):

Net Present Value ◽

Olympic Games ◽

Cost Benefit Analysis ◽

Public Investment ◽

Cost Benefit ◽

Investment Efficiency ◽

Benefit Analysis ◽

Step Method ◽

Investment Projects ◽

The Usa

The paper analyzes shortcomings of economic impact studies based mainly on input- output models that are often employed in Russia as well as abroad. Using studies about sport events in the USA and Olympic Games that took place during the last 30 years we reveal advantages of the cost-benefit analysis approach in obtaining unbiased assessments of public investments efficiency; the step-by-step method of cost-benefit analysis is presented in the paper as well. We employ the project of Sochi-2014 Winter Olympic and Paralympic Games in Russia to evaluate its efficiency using cost-benefit analysis for five accounts (areas of impact), namely government, households, environment, economic development, and social development, and calculate the net present value of the project taking into account its possible alternatives. In conclusion we suggest several policy directions that would enhance public investment efficiency within the Sochi-2014 Olympics.

Download Full-text

Overcoming stereotypes of renewable energy

Voprosy Ekonomiki ◽

10.32609/0042-8736-2019-4-124-136 ◽

2019 ◽

pp. 124-136

Author(s):

Victor D. Gazman

Keyword(s):

Renewable Energy ◽

Empirical Analysis ◽

Energy Generation ◽

New Paradigm ◽

Financial Instrument ◽

Promising Direction ◽

Investment Projects ◽

Power Stations ◽

New Generation ◽

The Impact

The article considers prerequisites for the formation of a new paradigm in the energy sector. The factors that may affect the imminent change of leadership among the energy generation are analyzed. The variability of the projects of creation and functioning of power stations is examined. The focus is made on problematic aspects of the new generation, especially, storage and supply of energy, achieving a system of parity that ensures balance in pricing generations. The author substantiates the principles of forming system of parities arising when comparing traditional and new generations. The article presents the results of an empirical analysis of the 215 projects for the construction of facilities for renewable energy. The significance and direction of the impact of these factors on the growth in investment volumes of transactions are determined. The author considers leasing as an effective financial instrument for overcoming stereotypes of renewable energy and as a promising direction for accelerated implementation of investment projects.

Download Full-text

PARTICIPATION OF THE STATE IN FINANCING INVESTMENT PROJECTS OF AGRICULTURAL PRODUCERS IN THE REGION

Экономика сельского хозяйства России ◽

10.32651/2010-27 ◽

2020 ◽

pp. 27-30

Author(s):

L. Ovsyanko

Keyword(s):

The State ◽

Agricultural Producers ◽

Investment Projects

Download Full-text

Design Thinking as a Tool for the Analysis of Project Risks

Issues of Risk Analysis ◽

10.32686/1812-5220-2019-16-6-60-77 ◽

2019 ◽

Vol 16 (6) ◽

pp. 60-77

Author(s):

E. V. Vasilieva ◽

T. V. Gaibova

Keyword(s):

Risk Management ◽

Risk Analysis ◽

Design Thinking ◽

Management Tools ◽

Project Risk ◽

Team Members ◽

Investment Projects ◽

Risk Management Process ◽

Project Objectives ◽

Project Risk Analysis

This paper describes the method of project risk analysis based on design thinking and explores the possibility of its application for industrial investment projects. Traditional and suggested approaches to project risk management have been compared. Several risk analysis artifacts have been added to the standard list of artifacts. An iterative procedure for the formation of risk analysis artifacts has been developed, with the purpose of integrating the risk management process into strategic and prompt decision-making during project management. A list of tools at each stage of design thinking for risk management within the framework of real investment projects has been proposed. The suggested technology helps to determine project objectives and content and adapt them in regards to possible; as well as to implement measures aimed at reducing these risks, to increase productivity of the existing risk assessment and risk management tools, to organize effective cooperation between project team members, and to promote accumulation of knowledge about the project during its development and implementation.The authors declare no conflict of interest.

Download Full-text