The place and role of insurance in shaping a “greenˮ economy

The paper implements an institutional and functional approach to determining the place and role of insurance in shaping a “green” economy. The ways of integrating it as a constituent element of the financial system have been considered. The views of scientists involved in various aspects of modellin...

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Autor principal: M. N. Stepanova
Formato: article
Lenguaje:RU
Publicado: Publishing House of the State University of Management 2021
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Acceso en línea:https://doaj.org/article/ea0231a5b67c4f82954f14cbac476e39
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spelling oai:doaj.org-article:ea0231a5b67c4f82954f14cbac476e392021-12-03T07:43:37ZThe place and role of insurance in shaping a “greenˮ economy1816-42772686-841510.26425/1816-4277-2021-10-147-154https://doaj.org/article/ea0231a5b67c4f82954f14cbac476e392021-12-01T00:00:00Zhttps://vestnik.guu.ru/jour/article/view/3156https://doaj.org/toc/1816-4277https://doaj.org/toc/2686-8415The paper implements an institutional and functional approach to determining the place and role of insurance in shaping a “green” economy. The ways of integrating it as a constituent element of the financial system have been considered. The views of scientists involved in various aspects of modelling the “green” economy on the functional utility of insurance have been summarised. The use of the term “green insurance” and the meanings it implies have been analysed. The author has concluded that the relevant concept of “green insurance” is not yet so unambiguous that it can be used as a scientific concept. Another important conclusion that has been brought up for discussion is that the potential of insurance as a risk management tool within the green economy strategy is not to be confined to environmental insurance, but should be considered in expanding its scope of application to include both the fuller coverage of risk carriers and the range of potential hazards.M. N. StepanovaPublishing House of the State University of Managementarticlegreen insuranceenvironmental insurancegreen economygreen financeinsuranceinsurance developmentenvironmental risksenvironmental risk managementproject financingSociology (General)HM401-1281Economics as a scienceHB71-74RUВестник университета, Vol 0, Iss 10, Pp 147-154 (2021)
institution DOAJ
collection DOAJ
language RU
topic green insurance
environmental insurance
green economy
green finance
insurance
insurance development
environmental risks
environmental risk management
project financing
Sociology (General)
HM401-1281
Economics as a science
HB71-74
spellingShingle green insurance
environmental insurance
green economy
green finance
insurance
insurance development
environmental risks
environmental risk management
project financing
Sociology (General)
HM401-1281
Economics as a science
HB71-74
M. N. Stepanova
The place and role of insurance in shaping a “greenˮ economy
description The paper implements an institutional and functional approach to determining the place and role of insurance in shaping a “green” economy. The ways of integrating it as a constituent element of the financial system have been considered. The views of scientists involved in various aspects of modelling the “green” economy on the functional utility of insurance have been summarised. The use of the term “green insurance” and the meanings it implies have been analysed. The author has concluded that the relevant concept of “green insurance” is not yet so unambiguous that it can be used as a scientific concept. Another important conclusion that has been brought up for discussion is that the potential of insurance as a risk management tool within the green economy strategy is not to be confined to environmental insurance, but should be considered in expanding its scope of application to include both the fuller coverage of risk carriers and the range of potential hazards.
format article
author M. N. Stepanova
author_facet M. N. Stepanova
author_sort M. N. Stepanova
title The place and role of insurance in shaping a “greenˮ economy
title_short The place and role of insurance in shaping a “greenˮ economy
title_full The place and role of insurance in shaping a “greenˮ economy
title_fullStr The place and role of insurance in shaping a “greenˮ economy
title_full_unstemmed The place and role of insurance in shaping a “greenˮ economy
title_sort place and role of insurance in shaping a “greenˮ economy
publisher Publishing House of the State University of Management
publishDate 2021
url https://doaj.org/article/ea0231a5b67c4f82954f14cbac476e39
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