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Financing Green Economic Growth: Conceptions, Problems, Approaches

Author

Listed:
  • Igor A. Yakovlev

    (Financial Research Institute, Moscow 127006, Russia)

  • Lyudmila S. Kabir

    (Financial Research Institute, Moscow 127006, Russia)

  • Svetlana I. Nikulina

    (Financial Research Institute, Moscow 127006, Russia)

  • Ivan D. Rakov

    (Financial Research Institute, Moscow 127006, Russia)

Abstract

This article presents an analysis of the formation and the development of modern approaches to financing a green economy, reveals the main elements of the present-day pattern of green growth financing and influencing factors. By studying the dynamics of green investments with a breakdown into different countries and the experience of international cooperation in sustainable development, the authors of the article generalize the results achieved by countries with regard to transition financing of their economies to a new pattern of ecologically sustainable development. The authors also make assumptions explaining the peculiarities of the present-day pattern of green economic growth financing.

Suggested Citation

  • Igor A. Yakovlev & Lyudmila S. Kabir & Svetlana I. Nikulina & Ivan D. Rakov, 2017. "Financing Green Economic Growth: Conceptions, Problems, Approaches," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 3, pages 9-21, June.
    • Handle: RePEc:fru:finjrn:170301:p:9-21
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    References listed on IDEAS

    as
    1. Fontana, Giuseppe & Sawyer, Malcolm, 2016. "Towards post-Keynesian ecological macroeconomics," Ecological Economics, Elsevier, vol. 121(C), pages 186-195.
    2. Kronenberg, Tobias, 2010. "Finding common ground between ecological economics and post-Keynesian economics," Ecological Economics, Elsevier, vol. 69(7), pages 1488-1494, May.
    3. Reilly, John M., 2012. "Green growth and the efficient use of natural resources," Energy Economics, Elsevier, vol. 34(S1), pages 85-93.
    4. Richard P.F. Holt & Steven Pressman & Clive L. Spash (ed.), 2009. "Post Keynesian and Ecological Economics," Books, Edward Elgar Publishing, number 12988.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Elena S. KONDYUKOVA & Elena G. SHERSHNEVA & Natalya L. SAVCHENKO, 2018. "Green banking as a progressive model of socially responsible business," Upravlenets, Ural State University of Economics, vol. 9(6), pages 30-39, December.
    2. Vladislav N. Rutskiy & Maria V. Osipenko, 2020. "Green Economy as a Labor Productivity Factor in the Manufacturing Industry of European Union Countries," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 4, pages 69-84, August.
    3. Elena P. Fedorova, 2020. "Role of the State in the Resolution of Green Finance Development Issues," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 4, pages 37-51, August.
    4. Zhanna A. Mingaleva & Yurii V. Starkov, 2020. "The System of Emission Taxation Analyzed: An Institutional Approach," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 2, pages 25-38, April.
    5. Andrey A. Bokarev & Igor A. Yakovlev & Ludmila S. Kabir, 2017. "Green Investments in Russia: Searching for Priority Directions," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 6, pages 40-49, December.
    6. Igor A. Yakovlev & Ludmila S. Kabir, 2018. "Green Investment Financing Mechanism as an Element of the National Strategy for Sustainable Development Financing," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 3, pages 9-20, June.

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    More about this item

    Keywords

    sustainable development; green economy; financing of the transition to a green economy; public investments; public support;
    All these keywords.

    JEL classification:

    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • B00 - Schools of Economic Thought and Methodology - - General - - - History of Economic Thought, Methodology, and Heterodox Approaches

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