Abstract
To date, investment in industrial production and infrastructure has passed through a certain bifurcation point associated with the division into “green” (environmental) and traditional (resource and nature-intensive) investments. Following the new demands of modern society to improve the environment and reduce the pressure on it from industry, the concept of traditional economic growth based on extensive environmental management is being replaced by ideas of sustainable development related to resource conservation, waste recycling and reduction of polluting emissions into the biosphere. As a result, investment as the basis of economic growth is also gravitating towards a green economy, participation in which is gradually becoming a major competitive advantage for the markets of developed countries. In this process, the role of the state in stimulating nature-saving investments, in which indirect instruments (subsidies, tax incentives), take an increasing place, is growing many times over.
Highlights
In the last two years, the idea of a "green" economy has become widely discussed by experts in environmental economics [1,2], and in various political forums
Following the new demands of modern society to improve the environment and reduce the pressure on it from industry, the concept of traditional economic growth based on extensive environmental management is being replaced by ideas of sustainable development related to resource conservation, waste recycling and reduction of polluting emissions into the biosphere
Investment as the basis of economic growth is gravitating towards a green economy, participation in which is gradually becoming a major competitive advantage for the markets of developed countries
Summary
In the last two years, the idea of a "green" economy has become widely discussed by experts in environmental economics [1,2], and in various political forums. It is increasingly mentioned by state representatives, as well as in joint statements and discussed in the context of sustainable development and improving the quality of life [3,4]. [7] The challenge for the private sector is to recognize and exploit the genuine opportunities presented by the green economy transition in a number of key sectors, and to respond to policy reforms and price signals by increasing funding and investment.
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