Economic Incentives for Environmental Investment in Modern Russia

This paper is relevant due to the critical need for changing the consumption-oriented economic growth model to an investment one for the long-term sustainable development of Russia, considering global environmental challenges. Environmental investments (EIs), responsible and transformative, are posi...

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Autores principales:	Ludmila Aleksandrovna Kormishkina, Evgenii Danilovich Kormishkin, Oksana Sergeevna Sausheva, Dmitrii Aleksandrovich Koloskov
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	environmental challenges environmental investment state support for environmental investment market-based environmental investment instruments Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
Acceso en línea:	https://doaj.org/article/6009e6813c3243a48ceb6e661b5bc1de
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spelling	oai:doaj.org-article:6009e6813c3243a48ceb6e661b5bc1de2021-11-11T19:21:24ZEconomic Incentives for Environmental Investment in Modern Russia10.3390/su1321115902071-1050https://doaj.org/article/6009e6813c3243a48ceb6e661b5bc1de2021-10-01T00:00:00Zhttps://www.mdpi.com/2071-1050/13/21/11590https://doaj.org/toc/2071-1050This paper is relevant due to the critical need for changing the consumption-oriented economic growth model to an investment one for the long-term sustainable development of Russia, considering global environmental challenges. Environmental investments (EIs), responsible and transformative, are positioned as the growth driver. The study aims to assess the mechanism of environmental investment (EI) in modern Russia, determine limitations, and form the resource-saving principles adequate to the latest challenges. The developed regression models of EI resource potential indicate the inability in the current institutional environment to provide the amount of financing required to form a green economy in Russia. This work justifies the need to establish an integrated mechanism for EI economic incentives to increase their amount in the private sector and obtain socio-economic benefits (natural capital maintenance, efficient resource use, and poverty and unemployment reduction). Based on the world’s best practice analysis of state support for EI market instruments, it sets out proposals to establish this mechanism in Russia and confirms the need to create conditions in which it is more profitable for economic agents to invest in reducing their ecological footprint. This paper proves that EIs promotion should combine positive and negative motivation, engagement, and responsibilities.Ludmila Aleksandrovna KormishkinaEvgenii Danilovich KormishkinOksana Sergeevna SaushevaDmitrii Aleksandrovich KoloskovMDPI AGarticleenvironmental challengesenvironmental investmentstate support for environmental investmentmarket-based environmental investment instrumentsEnvironmental effects of industries and plantsTD194-195Renewable energy sourcesTJ807-830Environmental sciencesGE1-350ENSustainability, Vol 13, Iss 11590, p 11590 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	environmental challenges environmental investment state support for environmental investment market-based environmental investment instruments Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
spellingShingle	environmental challenges environmental investment state support for environmental investment market-based environmental investment instruments Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350 Ludmila Aleksandrovna Kormishkina Evgenii Danilovich Kormishkin Oksana Sergeevna Sausheva Dmitrii Aleksandrovich Koloskov Economic Incentives for Environmental Investment in Modern Russia
description	This paper is relevant due to the critical need for changing the consumption-oriented economic growth model to an investment one for the long-term sustainable development of Russia, considering global environmental challenges. Environmental investments (EIs), responsible and transformative, are positioned as the growth driver. The study aims to assess the mechanism of environmental investment (EI) in modern Russia, determine limitations, and form the resource-saving principles adequate to the latest challenges. The developed regression models of EI resource potential indicate the inability in the current institutional environment to provide the amount of financing required to form a green economy in Russia. This work justifies the need to establish an integrated mechanism for EI economic incentives to increase their amount in the private sector and obtain socio-economic benefits (natural capital maintenance, efficient resource use, and poverty and unemployment reduction). Based on the world’s best practice analysis of state support for EI market instruments, it sets out proposals to establish this mechanism in Russia and confirms the need to create conditions in which it is more profitable for economic agents to invest in reducing their ecological footprint. This paper proves that EIs promotion should combine positive and negative motivation, engagement, and responsibilities.
format	article
author	Ludmila Aleksandrovna Kormishkina Evgenii Danilovich Kormishkin Oksana Sergeevna Sausheva Dmitrii Aleksandrovich Koloskov
author_facet	Ludmila Aleksandrovna Kormishkina Evgenii Danilovich Kormishkin Oksana Sergeevna Sausheva Dmitrii Aleksandrovich Koloskov
author_sort	Ludmila Aleksandrovna Kormishkina
title	Economic Incentives for Environmental Investment in Modern Russia
title_short	Economic Incentives for Environmental Investment in Modern Russia
title_full	Economic Incentives for Environmental Investment in Modern Russia
title_fullStr	Economic Incentives for Environmental Investment in Modern Russia
title_full_unstemmed	Economic Incentives for Environmental Investment in Modern Russia
title_sort	economic incentives for environmental investment in modern russia
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/6009e6813c3243a48ceb6e661b5bc1de
work_keys_str_mv	AT ludmilaaleksandrovnakormishkina economicincentivesforenvironmentalinvestmentinmodernrussia AT evgeniidanilovichkormishkin economicincentivesforenvironmentalinvestmentinmodernrussia AT oksanasergeevnasausheva economicincentivesforenvironmentalinvestmentinmodernrussia AT dmitriialeksandrovichkoloskov economicincentivesforenvironmentalinvestmentinmodernrussia
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Economic Incentives for Environmental Investment in Modern Russia

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