Green economy as a condition for sustainable development of the Baikal region

Abstract

The article analyses the development of a new conceptual direction of sustainable development for our country and the Republic of Buryatia, namely, “green economy” based on the rational use of natural and secondary resources, through low carbon development, recycling and reuse of waste and municipal solid waste, as well as unification of the regulatory framework in the relevant areas of economy and production. The authors identified the so-called “markers” activating and hindering the development of green economy in Baikal region, compared them with the most favourable regions for living and also with neighbouring regions in order to provide a rationale for the most promising areas of green economy for our region, which are: digitalization of the economy and public life in general, genetic engineering and various biotechnology, creating new equipment and materials (nanotechnology), various areas of tourism and recreation. As a result, it was concluded that: “green economy”, should become an important element of the concept of sustainable development of the Baikal region, it is this concept of development of the region highly coincides with the global trend of sustainable “green” low-carbon development and transformation.