Green Investments in Russia: Searching for Priority Directions

Andrey A. Bokarev (), Igor' Yakovlev and Liudmila Kabir ()
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Andrey A. Bokarev: Ministry of Finance of the Russian Federation, Moscow 109097, Russia

Finansovyj žhurnal — Financial Journal, 2017, issue 6, 40-49

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.

Keywords: sustainable development; green economy; green finance; green investments; financing transition to the green economy; priority; strategy; policy (search for similar items in EconPapers)
JEL-codes: B00 O44 Q32 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (3)

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