Green Energy Stimulating State Policy as a Factor of New Economic Cycle Formation

Igor A. Basko ()
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Igor A. Basko: MMK Capital

A chapter in AgroTech, 2022, pp 35-45 from Springer

Abstract: Abstract The growing attention of the world community to climate and ecology problems caused a spiral of development of scientific, political, and economic thought in this direction. Within the framework of the Industry 4.0 paradigm, it becomes relevant to study the transition of the economy to a new next level of development with the qualitative use of new technologies and alternative energy sources. This article provides a comparative analysis of the economic policy of some states, which is aimed at the systemic reduction of harmful emissions in the atmosphere, as well as a measure to stimulate corporations to switch to new energy sources. Research provides evidence of effectiveness and usefulness measures in the field of state support for a large-scale transition to green energy as a factor formation and development of the current stage of transformation of the world economy. Besides, the article concludes that a new phase of the long-term economic cycle has begun, which contributes to the diversification of production, reduction of dependence on traditional energy sources and the implementation of the paradigm of long-term development.

Keywords: Green energy; Economic cycle; State policy; G15; O44; O31; Q4 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-19-3555-8_4

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DOI: 10.1007/978-981-19-3555-8_4

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