Baikal Region (Russia) Development Prospects Based on the Green Economy Principles

Alexey Bilgaev, Suocheng Dong, Fujia Li, Hao Cheng, Arnold Tulohonov, Erzhena Sadykova and Anna Mikheeva
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Alexey Bilgaev: Institute of Geographic Sciences and Natural Resources Research, Chinese Academy of Sciences, Beijing 100101, China
Suocheng Dong: Institute of Geographic Sciences and Natural Resources Research, Chinese Academy of Sciences, Beijing 100101, China
Fujia Li: Institute of Geographic Sciences and Natural Resources Research, Chinese Academy of Sciences, Beijing 100101, China
Hao Cheng: Institute of Geographic Sciences and Natural Resources Research, Chinese Academy of Sciences, Beijing 100101, China
Arnold Tulohonov: Baikal Institute of Nature Management, Siberian Branch of the Russian Academy of Sciences, 670047 Ulan-Ude, Russia
Erzhena Sadykova: Baikal Institute of Nature Management, Siberian Branch of the Russian Academy of Sciences, 670047 Ulan-Ude, Russia
Anna Mikheeva: Baikal Institute of Nature Management, Siberian Branch of the Russian Academy of Sciences, 670047 Ulan-Ude, Russia

Sustainability, 2020, vol. 13, issue 1, 1-22

Abstract: The problems of preserving the natural environment are relevant for unique natural complexes of territories, such as the Baikal region (Russia). There are few studies devoted to forecasting the green economic development of the eco-socio-economic system of the Baikal region. The previous studies are mainly dedicated to the theory of forming the green economy in the Baikal region. This study aimed to forecast and determine future trends in the Baikal region’s eco-socio-economic development based on the green economy. The methodological approach to assess the Baikal region development prospects is based on determining the factors affecting the relationship between various eco-socio-economic components using multiple regression models. We constructed the forecast using the artificial neural networks method, and we assessed the possible impact of anthropogenic factors on the Baikal region’s eco-socio-economic system in the future. Based on the obtained forecast, we proposed a mechanism for regulating the green economy formation in the region. The regional governments of the Baikal region should perform the management function. This requires establishing a special interregional Green Development Fund to restructure incoming public funds by redistributing financial flows from contaminating brown to green industries and develop a state program for the Green Development of the Baikal region. The constructed forecast is informational support for decision making for the long-term development of the economy during the transition to the green economy, the development and justification of program activities, and the future’s main strategic priorities.

Keywords: Russia; Baikal region; Lake Baikal; green economy; forecasting; regional Green Development Fund (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:13:y:2020:i:1:p:157-:d:468515

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