Ensuring the environmental development of the far east

Abstract

Within the economic sectors, priorities (directions) are identified related to the most promising development of individual sectors of the economy of the Far East (agriculture, industry, fuel and energy complex, transport complex, health resort sector, etc.). The following priorities (directions) are also highlighted separately: environmental safety, innovative and technological development, increasing the life safety of the population, etc. From the point of view of making management decisions for the sustainable environmental development of the Far East: the degree of priority of elements of financial security within the framework of ensuring the financial stability and security of the Far East is considered; the main characteristics of the components of financial security are proposed, the types of risks in the region are identified in the context of its main elements; criteria have been identified that determine the priority of elements for ensuring sustainable development, threats, and the interconnection of elements of the logical “security chain”; a conceptual model for ensuring sustainable development of the Far East has been constructed. In order to maintain a harmonious blend of technology, innovation, and sustainable growth in the region, it is suggested that the key focus of the strategy should be on embracing the principles of ESG development. This includes promoting sustainable practices in the environmental, social, and managerial sectors through a project-based approach. By evaluating development projects based on ESG principles, the region can attract financial support from private investors at lower rates, amidst growing interest from both local and foreign investors, investment funds, private individuals, and banks.