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Green Investments in Russia: Searching for Priority Directions

Author

Listed:
  • Andrey A. Bokarev

    (Ministry of Finance of the Russian Federation, Moscow 109097, Russia)

  • Igor A. Yakovlev

    (Financial Research Institute, Moscow 127006, Russia)

  • Ludmila S. Kabir

    (Financial Research Institute, Moscow 127006, Russia)

Abstract

The article provides analysis of the problems that hamper development of the «green» investments financing mechanism as a part of the national strategy for sustainable development financing. There the authors considered the arguments put forward by various interested parties as «green» investments justification. Attention is drawn to the key role of the state power and the importance of a political solution for launching the process of national economy transition to the «green» growth model. The article also studies the areas of restrictions and contradictions in the sphere of «green» investments implementation in Russia. There given speculations about the reasons that so far have not allowed to highlight the priorities for the process of «green» investment in the Russian economy. The authors conclude that the foreign experience already gained the great practical value despite the politicization of the transition to the «green» economy.

Suggested Citation

  • 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 127006, Russia, issue 6, pages 40-49, December.
  • Handle: RePEc:fru:finjrn:170603:p:40-49
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    References listed on IDEAS

    as
    1. Samvel S. Lazaryan & Mariya A. Chernotalova, 2017. "Global Risk of Rising Inequality," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 127006, Russia, issue 4, pages 34-46, August.
    2. 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 127006, Russia, issue 3, pages 9-21, June.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Igor A. Yakovlev & Lyudmila S. Kabir & Svetlana I. Nikulina, 2021. "Changes in Climate Policies and Financial Strategies of Their Implementation in the EU and Russia," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 127006, Russia, issue 5, pages 11-28, October.
    2. 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 127006, Russia, issue 3, pages 9-20, June.
    3. Zhanna A. Mingaleva & Yurii V. Starkov, 2020. "The System of Emission Taxation Analyzed: An Institutional Approach," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 127006, Russia, issue 2, pages 25-38, April.

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    More about this item

    Keywords

    sustainable development; green economy; green finance; green investments; financing transition to the green economy; priority; strategy; policy;
    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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