Investments in green economy as a driving force for sustainable economic development

Abstract

The paper is devoted to the study of investments in green energy as a driving force for sustainable economic development. The paper highlights the features of sustainable economic development, the relationship between economic development and environment, the goals in the field of sustainable development and current trends in their implementation. The key directions of sustainable economy are identified on the basis of a combination of productive elements of foreign practice and domestic experience available in this area. The theoretical aspects of the concept of “green economy” and its tasks at the present stage are considered. Energy remains the key element in clean technologies. A definition of green investments is given by the authors. Green investments solve the problems of increasing energy efficiency, accelerating the development of renewable energy sources from alternative sources leading to the improved environment. The paper presents the dynamics of investments in green technologies in the Russian Federation and abroad, a brief analysis of the goals and direction of projects in the context of economic and social impact given. The authors conclude that the development of financial instruments and investment instruments is interdependent with the development of green economy and the sustainability of economy.