Financial Concept of Limiting the Negative Impact of Industry 4.0 on the Environment in the Regions of Russia in the Interests of Safety

Galina N. Semenova, Natalya V. Falina, Lyudmila V. Tokoun and Polina S. Frantsuzenko
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Galina N. Semenova: Plekhanov Russian University of Economics
Natalya V. Falina: Kuban State Agrarian University named after I.T. Trubilin
Lyudmila V. Tokoun: State University of Management
Polina S. Frantsuzenko: National Research University “Higher School of Economics”

A chapter in Industry 4.0, 2022, pp 199-206 from Springer

Abstract: Abstract Purpose: the purpose of the article is to develop a financial concept of limiting the negative impact of industry 4.0 on the environment in the regions of Russia in the interests of ensuring their safety. Design/methodology/approach: Using the regression analysis method, the regression dependence of the consolidated environmental index reflecting the state of the environment on the level of industry development 4.0 (digitalization) in the largest agglomerations of Russia in 2020 is determined. Findings: It has been proved that the industry structure of GRP significantly determines the nature of the influence of industry 4.0 on the environment in the regions of Russia. In regions with a predominance of market relations (least resilient to the crisis), the impact of industry 4.0 on the environment is negative. In regions based on the public sector and regulation, a positive but positive effect is most pronounced in regions with a combination of market and government regulation (moderately resistant to the 2020 crisis). Originality/value: The studied experience of different samples of regions of Russia made it possible to form a financial concept of limiting the negative impact of industry 4.0 on the environment in the interests of ensuring safety, which involves a transformation of the sectoral structure of the region’s economy. Although each region has to choose its own balance of market and state forces, it is not recommended to focus on a clean market. In times of crisis, the region’s resilience determines its possibilities for balanced development of society, economy and environmental protection.

Keywords: Financial concept; Limiting negative impact; Industry 4.0; Environment; Regions of Russia; Security; Sustainability; Balance; Q01; Q51; Q52; Q53; Q54; Q55; Q56; Q57; Q58; O31; O32; O33; O38 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-79496-5_18

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DOI: 10.1007/978-3-030-79496-5_18

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