GREENING OF THE MANUFACTURING INDUSTRY IN THE EURASIAN ECONOMIC UNION

Angelina A Kolomeytseva

doi:10.32479/ijeep.9001

Abstract

The main purpose of this research is to reveal the current state of the manufacturing industry in the EAEU countries in terms of environmentally sustainable development. Based on UNIDO’s experts - Jaime Moll de Alba and Valentin Todorov’s methodology of a composite green industrial performance index (GIP), we rank and analyse the industrial performance of the EAEU countries. Finally, we use correlation analysis to compare the GIP scores with UNIDO’s competitive industrial performance index (CIP) and conclude that the progress in the greening of the manufacturing industry will contribute to the improving the industrial competitiveness of the EAEU countries.

Highlights

More than 30 years have passed since the appearance of sustainable development concept in 1987, which raised the most important question of our time: whether the man and the natural environment could coexist
CO2 Emissions from Manufacturing Industry Manufacturing is consistently reducing its emissions as countries introduce alternative fuels, energy-intensive industries, and stronger policies for energy efficiency
When we look at the green manufactured exports p.c., it is Belarus with 113.21 USD which was the leader in 2015 with Russia, Kazakhstan, Armenia and Kyrgyzstan after with 48.47, 12.24, 6.23, and 4.93 USD respectively

Summary

Introduction

More than 30 years have passed since the appearance of sustainable development concept in 1987, which raised the most important question of our time: whether the man and the natural environment could coexist. One of the new requirements for industrial development is the modernization of production through the use of natural technologies and strict environmental restrictions. The concept of “green industry” appeared in 1995 and is defined as a business strategy that focuses on making a profit through the use of environmentally friendly technologies to achieve a competitive advantage (Hart, 1995). SDGs target 9.4 addresses the environmental sustainability of industrial development, calling for industries to cause less damage to the environment due to higher resource-use efficiency and adoption of eco-friendly technologies in industrial processes (Sustainable Development Goals, 2015)

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Results

Conclusion