Abstract
At present, the issue of environmental pollution is gradually becoming one of the central problems facing individual countries and the international community. Meanwhile, the analysis of investment projects shows that most of them are focused on profit making, without due consideration of public environmental interests. In this regard, there is a serious need to find a balance between the interests of investors and the interests of society and citizens in preserving and improving the natural environment. In such circumstances, the state environmental policy should be based on an optimal combination of both administrative methods of influencing investors (penalties, environmental taxes, compensation for environmental damage) and the promotion of so-called environmental investment which implies the development and implementation of a specific investment project, whose goal will be to solve a specific environmental problem. The authors identify various legal forms of environmentally oriented investment, as well as formulate proposals for improving the current legislation in this area.
Highlights
A worsening ecological situation is one of the global problems that is addressed by the international community [1; 2]
The state environmental policy should be based on an optimal combination of both administrative methods of influencing investors and the promotion of so-called environmental investment which implies the development and implementation of a specific investment project, whose goal will be to solve a specific environmental problem
At its heart are the 17 Sustainable Development Goals (SDGs), which are an urgent call for action by all countries - developed and developing - in a global partnership
Summary
A worsening ecological situation is one of the global problems that is addressed by the international community [1; 2]. There is a complex of norms and regulations that describe the key areas of state policy in the field of ecology and a variety of measures aimed at adapting to and mitigating negative environmental impacts These include, the Federal Law No 7-FZ On Environmental Protection (dated 10 January, 2002); the Federal Law No 96-FZ On Protection of Atmospheric Air (dated 4 May, 1999); the Russian Federation Presidential Decree No 176 On the Strategy of Environmental Safety of the Russian Federation for the period to 2025 (dated 19 April, 2017); and the National Ecology Project, approved in 2018. Contemporary researchers agree that many investment projects are mainly aimed at economic efficiency but do not contain proper design and application of complex measures to ensure that public environmental interests are taken into account [5] In this regard, there is an urgent need to balance the interests of investors and society in terms of preserving and improving the environment
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
