scholarly journals Kazakhstan: On the Way to “Greening” the Financial System

2021 ◽  
pp. 183-199
Author(s):  
L. Khudyakova ◽  
T. Urumov
Keyword(s):  
International Finance ◽  
Fossil Fuels ◽  
Raw Materials ◽  
Financial System ◽  
Green Economy ◽  
Growth Trend ◽  
Green Finance ◽  
Finance Development ◽  
The Republic ◽  
Global Growth

The global growth trend of “green” economy and “green” finance encompasses more and more countries, including those with emerging markets. Two largest EAEU countries, Russia and Kazakhstan, both being fossil fuels and other raw materials exporters, have increased their efforts in the “green” finance development. This is the reason of Russian interest in the analysis of Kazakhstan experience in this area. The article reveals the policy of the Republic of Kazakhstan in “greening” its financial system. Special attention is paid to the initiatives of the Green Finance Center, established by Astana International Finance Center. The key initiative here is the adoption of Kazakhstan national Green Taxonomy. The article also evaluates the cooperation projects between Green Finance Center and multilateral development banks, Eurasian Development Bank in particular, as well as international organizations such as OECD and UNEP.

GREEN BONDS AS A NEW FINANCIAL INSTRUMENT

2020 ◽  
Vol 3 (7) ◽  
pp. 98-102
Author(s):  
M. V. DUBROVA ◽  
◽  
N. N. ZHILINA ◽  
Keyword(s):  
Raw Materials ◽  
Financial Burden ◽  
Environmental Problems ◽  
Green Economy ◽  
Non Profit ◽  
The Public ◽  
Economic Problems ◽  
Green Finance ◽  
Non Profit Organizations

The relevance of the article is determined by the fact that in Russia there is no effective mechanism of state support for the activities of non-profit organizations in the field of “green Finance”. The role of non-profit organizations is leveled, which can become a serious help in solving economic problems, in particular, the problems of recycling and processing of secondary raw materials, the placement of industrial waste and household garbage, and landscaping of large megacities. The main financial burden in the field of “green economy” falls on States and large enterprises. Meanwhile, we cannot ignore the important role of non-profit organizations that can not only draw attention to environmental problems to the public, but also offer their own measures to solve environmental problems. In this regard, it becomes relevant to consider the participation of non-profit organizations in the implementation of environmental projects by attracting “green Finance”.

POTENTIAL DEVELOPMENT OF «GREEN BONDS» IN THE RUSSIAN ECONOMY

2020 ◽  
Vol 1 (8) ◽  
pp. 119-123
Author(s):  
M. V. DUBROVA ◽  
◽  
N. N. ZHILINA ◽  
Keyword(s):  
Raw Materials ◽  
Financial Burden ◽  
Environmental Problems ◽  
Green Economy ◽  
Non Profit ◽  
Russian Economy ◽  
Green Finance ◽  
Potential Development ◽  
Non Profit Organizations

he relevance of the article is determined by the fact that in Russia there is no effective mechanism of state support for the activities of non-profit organizations in the field of «green Finance». The role of non-profit organizations is leveled, which can become a serious help in solving economic problems, in particular, the problems of recycling and processing of secondary raw materials, the placement of industrial waste and household garbage, and landscaping of large megacities. The main financial burden in the field of «green economy» falls on States and large enterprises. Meanwhile, we cannot ignore the important role of non-profit organizations that can not only draw attention to environmental problems to the public, but also offer their own measures to solve environmental problems. In this regard, it becomes relevant to consider the participation of non-profit organizations in the implementation of environmental projects by attracting «green Finance».

IMPLEMENTATION OF THE PRINCIPLES OF SUSTAINABLE ECONOMY DEVELOPMENT AS A KEY ELEMENT OF THE PRO-ECOLOGICAL TRANSFORMATION OF THE ECONOMY TOWARDS GREEN ECONOMY AND CIRCULAR ECONOMY

2020 ◽  
Vol 11 (1) ◽  
pp. 417-480
Author(s):  
Dariusz Prokopowicz
Keyword(s):  
Economic Development ◽  
Social Responsibility ◽  
Circular Economy ◽  
Fossil Fuels ◽  
Global Financial Crisis ◽  
Green Revolution ◽  
Interdisciplinary Approach ◽  
Green Economy ◽  
Sustainable Economic Development ◽  
Green Finance

Economic crises often become the source of new business concepts and the transformation of economic systems. Since the global financial crisis of 2008, the importance of implementing the principles of sustainable economic development has been growing as a key element of the green revolution and the transformation of the existing, traditional, brown economy of surplus into a sustainable, green economy of moderation. However, the main factor behind the increase in popularity in the world of science of the issues of sustainable economic development, social environmental responsibility, green economy and circular economy are confirmed by the results of research conducted by climatologists, biologists, ecologists, etc. the process of global warming, the source of which is the growing emission of greenhouse gases, which is a side effect of the development of civilization based to a large extent on the classic model of energy production based on the combustion of fossil fuels. This article deals with a holistic, interdisciplinary approach to the issues of determinants of the implementation of the principles of sustainable development into economic processes, including corporate social responsibility, environmental social responsibility, eco-innovation, green finance and the pro-ecological transformation of the economy towards green economy and circular economy.

scholarly journals Determining the Unit Values of the Allocation of Greenhouse Gas Emissions for the Production of Biofuels in the Life Cycle

Energies ◽  
2021 ◽  
Vol 14 (24) ◽  
pp. 8394
Author(s):  
Mariusz Niekurzak
Keyword(s):  
Production Process ◽  
Greenhouse Gas ◽  
Fossil Fuels ◽  
Raw Materials ◽  
Ghg Emissions ◽  
Energy Transition ◽  
Diesel Oil ◽  
Biodiesel Production ◽  
Green Economy ◽  
Allocation Method

Thanks to the allocation methods, i.e., the division of the total GHG emissions between each of the products generated in the production of biofuels, it is possible to reduce the emissions of these gases by up to 35% in relation to the production and combustion of fuels derived from crude oil. As part of this study, the biodiesel production process was analyzed in terms of greenhouse gas (GHG) emissions. On the basis of the obtained results, the key factors influencing the emissions level of the biodiesel production process were identified. In order to assess the sensitivity of the results of the adopted allocation method, this study included calculations of GHG emissions with an allocation method based on mass, energy, and financial shares. The article reviews recent advances that have the potential to enable a sustainable energy transition, a green economy, and carbon neutrality in the biofuels sector. The paper shows that the technology used for the production of biodiesel is of great importance for sustainable development. The possibility of using renewable raw materials for the production of fuels leads to a reduction in the consumption of fossil fuels and lower emission of pollutants. It showed that during the combustion of biodiesel, the percentages of released gas components, with the exception of nitrogen oxides, which increased by 13%, were significantly lower: CO2—78%, CO—43%, SO2—100%, PM10—32%, and volatile hydrocarbons—63%. Moreover, it was found that biodiesel undergoes five times faster biodegradation in the environment than diesel oil.

scholarly journals The potential contribution of central banks to green finance

2019 ◽  
Vol 88 (2) ◽  
pp. 55-71
Author(s):  
Andreas Breitenfellner ◽  
Wolfgang Pointner ◽  
Helene Schuberth
Keyword(s):  
Financial Stability ◽  
Global Economy ◽  
Political Action ◽  
Financial System ◽  
Central Banks ◽  
Green Economy ◽  
Potential Contribution ◽  
Green Finance ◽  
Financial Supervisors ◽  
Smooth Transformation

Summary: Central banks and financial supervisors approach ‘green finance’ mostly to preserve macroeconomic and financial stability according to their mandates. Obviously, climate change poses severe risks to households, firms and their financial intermediaries. These risks tend to be correlated and their scope goes beyond historical evidence, therefore their impact on the financial system is difficult to model. On the other hand, the planned decarbonization of the global economy creates enormous investment opportunities. Central banks and supervisors play a role in safeguarding the financial system’s smooth transformation from funding old, brown industries to funding a new green economy. The ‘Network for Greening the Financial System’ facilitates an exchange of experience and ideas among central banks and financial supervisors; we present some of their findings. While central banks can and should contribute to making the economy and the financial system more sustainable, they can only complement, but not substitute for, decisive political action by governments.

scholarly journals Analysis of the Possibilities for Using Renewable Energy Sources in the Autonomous Province of Vojvodina

2020 ◽  
Vol 12 (14) ◽  
pp. 5645
Author(s):  
Boris Zezelj ◽  
Rado Maksimovic ◽  
Tanja Todorovic ◽  
Djordje Djatkov
Keyword(s):  
Renewable Energy ◽  
Fossil Fuels ◽  
Raw Materials ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Total Biomass ◽  
Energy Potential ◽  
Total Potential ◽  
The Republic ◽  
Autonomous Province

The aim of this paper is to analyze renewable energy sources (primarily untapped biomass potentials) in the Autonomous Province of Vojvodina in the Republic of Serbia, which, when used for energy purposes, could significantly reduce energy dependence on fossil fuels. The idea of using biomass in Vojvodina emerged about ten years ago, but it is estimated that currently only 5% of total biomass potential, the most significant source of renewable energy in the region, is being used. This paper re-emphasizes the idea of focusing Vojvodina’s energy policy on its own energy resources, which are readily available and renewable, but each year is either burned in the fields or left to rot. The paper will outline the total potential of raw materials, the form in which they are found, and the possible means of utilizing them. It will also provide an overview of energy in Vojvodina with a particular focus on the portion of renewable sources as a neglected potential within overall energy consumption. In addition to energy potential, this paper also points to the benefits for heating and the environment that would be created through increased use of biomass in the process of energy production.

Spatial Development as a Modernization Driver for the Republic of Kazakhstan

2012 ◽  
pp. 53-58
Author(s):  
S. Afontsev ◽  
N. Zubarevich
Keyword(s):  
Raw Materials ◽  
Spatial Development ◽  
Economic Diversification ◽  
Regional Economic ◽  
Analytical Scheme ◽  
Basic Goods ◽  
Challenges And Opportunities ◽  
The Republic

The questions of spatial development as a modernization driver (the Kazakhstan case) are considered in this article. The analysis of the regional economic differences makes possible to work out the development guidelines, based on the advantages combination of the basic goods specialization and the policy of transferring growth impulses from the raw materials sector to the industry and service ones. Current challenges and opportunities, which face the Kazakhstan economy, the questions of economic diversification drive up the importance of the connection between spatial development and the cluster priorities. The analytical scheme of macro-regions and diversification through the dynamic focal networks can settle up these challenges.

FUNDAMENTAL CAPITAL FINANCING OF PRODUCTION

2020 ◽  
Vol 8 (3) ◽  
pp. 74-78
Author(s):  
Farrux Zulfiyev ◽  
Keyword(s):  
Raw Materials ◽  
Economic Reforms ◽  
Equity Financing ◽  
Capital Financing ◽  
The Republic ◽  
The Stability

This article is based on the principles of shared financing of the production of raw materials. The article is aimed at financing the production of capital on the basis of equity in order to further strengthen the stability of economic reforms in the republic. At the same time, the essence of equity financing, the risks associated with it, and the efficiency of raw materials are covered

EVALUATION OF FINANCIAL SECURITY OF THE REPUBLIC OF CRIMEA

2020 ◽  
pp. 56-67
Author(s):  
Elena Evgenevna Mashyanova ◽  
Elena Aleksandrovna Smirnova
Keyword(s):  
Financial Markets ◽  
Negative Impact ◽  
Gradual Increase ◽  
Financial System ◽  
Financial Security ◽  
Key Factors ◽  
Factors Affecting ◽  
External Threats ◽  
The Republic ◽  
Global Financial System

In modern conditions of development, financial security is an integral part of the overall security of the region and is formed on the basis of the functioning of the financial system. The complication of relationships between key segments of international financial markets, as well as the limited ability to accurately predict future trends in the development of the global financial system, lead to a gradual increase in the risks that accompany the activities of economic entities, and an increase in the number and scale of internal and external threats that have a negative impact on the financial security of the state. This formulation of the issue requires generalization of approaches to determining the financial security of the region in order to further formalize this issue and determine the key factors affecting it. The article considers the types of financial security, as well as certain areas of ensuring the financial security of the region and their priority. In work the assessment of the level of socio-economic development of the region with a view to ensuring financial security on the basis of which offers the main activities and priority areas of implementation of the investment policy that will ensure financial security of the Republic of Crimea.

scholarly journals Biogas from Anaerobic Digestion as an Energy Vector: Current Upgrading Development

Energies ◽  
2021 ◽  
Vol 14 (10) ◽  
pp. 2742
Author(s):  
Raquel Iglesias ◽  
Raúl Muñoz ◽  
María Polanco ◽  
Israel Díaz ◽  
Ana Susmozas ◽  
...  
Keyword(s):  
Fossil Fuels ◽  
Business Models ◽  
Biogas Production ◽  
Raw Materials ◽  
Vector Current ◽  
Energy System ◽  
Transport Sector ◽  
Environmentally Sustainable ◽  
Legislative Framework ◽  
Materials Used

The present work reviews the role of biogas as advanced biofuel in the renewable energy system, summarizing the main raw materials used for biogas production and the most common technologies for biogas upgrading and delving into emerging biological methanation processes. In addition, it provides a description of current European legislative framework and the potential biomethane business models as well as the main biogas production issues to be addressed to fully deploy these upgrading technologies. Biomethane could be competitive due to negative or zero waste feedstock prices, and competitive to fossil fuels in the transport sector and power generation if upgrading technologies become cheaper and environmentally sustainable.

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