Abstract
Currently the green economy is an important part of positioning in the international arena as an environmental component of sustainable development. Russia, as an active party in the international arena, supports resolutions on the green economy development and green financing tools for resolving issues of climate-resistant economic growth. Factors and trends in the Russian green economy development are radically different from most developed countries. At the same time, Russia has undeniable advantages in terms of preserving natural landscapes and the ecosystem services’ potential. Russia also has huge and almost unused opportunities for green growth. Our article is devoted to these problematic economic issues related to the green investment development. It is a basis for environmentally sustainable evolution. We discuss the latest trends and facts in the thegreen economy development of Russia. In addition, we describe possible promising directions for its growth in the future. Our results can be interesting and useful for researchers and experts working in the field of strategic management, spatial development and innovation economics. It is attractive for stakeholders and politicians involved in the economics and environment issues.
Highlights
According to the Resolution adopted in 2012 by the UNO General Assembly, economic development leads to rapid accumulation of physical and human capital today
The above requires the reduction of greenhouse gas emissions, the utilization of wastes, and the use ofrenewable energy sources (Bazaluk et al, 2020)
The implementation of the Paris agreement on climate change in 2016 make it possible to draw the attention for investors and businesses to the necessity, inevitability and acceleration of the international transition to a "green" economy
Summary
According to the Resolution adopted in 2012 by the UNO General Assembly, economic development leads to rapid accumulation of physical and human capital today. It is carried out at the expense into excessive depletion, degradation of natural capital and increasing inequality between people (The future we want, UN, 2012). In 2016-2017, 132 countries proposed a number of initiatives at the state level in the " green " economy developing area. The states that did not participate in the development of rules and standards in the "green" financing area need to accept the conditions and rules for the "green" economic model’s development functioning today These conditions and rules were developed by more active countries (Ministry of Finance of the Russian Federation 2017). The Paris agreement assumes the voluntary contribution principle for each country to the solution of the global problem into climate change (Principles of sustainable development, VEB RF 2016)
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
