The environmental investments justification

Svetlana Oparina,Lidia Vasyutkina,A Zheltenkov,Anna Gurko,Elena Potekhina

doi:10.1051/e3sconf/20199108029

Abstract

The article reveals the problems of improving environmental impact assessment and justification of the economic investments of industrial enterprises. The existing tools for environmental impact assessment are analyzed, information on the role and place of environmental impact assessment and investment design in the justification of the planned economic activity is systematized. For this purpose, considerable attention is paid to the analysis and synthesis of existing methodological approaches to this problem. The authors propose to consider environmental impact assessment and justification of environmental investments as a process aimed at making environmentally oriented management decisions on the feasibility and economic feasibility of implementing planned economic activities, the reasonableness of capital investments, taking into account possible adverse environmental, social, economic impacts and developing measures for their reduction and prevention. Based on the study, the authors developed a classification of the causes of environmental pollution, presented in the form of a tree of systems, allowing for a clear decomposition of the causes of pollution of the environment, specifying and refining the targeting of environmental measures necessary to reduce pollution. This research direction is also complemented by the development of a strategy (decision tree) and a mathematical description of the simulation procedure, which allows real-time making an objectively reasonable choice of options for implementing the planned economic activity, taking into account the totality of known information.

Highlights

According to the Russian environmental legislation, any economic activity carried out on the territory of the Russian Federation must comply with the requirements of the organization of environmental management and prevent the occurrence of adverse environmental impacts [Law of the Russian Federation "On Environmental Protection" dated 10.01.2002 No 7-FZ]
The essence of investment, as a form of capital investment and the development of economic activity, is to make a profit, and to solve environmental problems: the decision to implement the proposed investment project should be accompanied by an assessment of its environmental and economic consequences
Determine the degree of environmental friendliness and efficiency of decisions; - to determine the full range of variation of the “costs” of the options of measures according to the values of their absolute minimum and maximum; - solve the matrix, i.e. to substantiate the choice of the option of environmental and economic decisions on the possibilities and conditions for the implementation of the planned economic activity

Summary

Introduction

According to the Russian environmental legislation, any economic activity carried out on the territory of the Russian Federation must comply with the requirements of the organization of environmental management and prevent the occurrence of adverse environmental impacts [Law of the Russian Federation "On Environmental Protection" dated 10.01.2002 No 7-FZ]. In accordance with the current regulatory methodological framework, the process of preparing an investment project involves the sequential implementation of three main stages: the formation of an investment plan, the preparation of a rationale for investment, the preparation of a feasibility study and / or a working draft At all these stages, the process of assessing the impact on the environment and evaluating the effectiveness of investment processes passes separately from each other. Economic and environmental aspects in investment activities are in most cases considered separately, often without regard to their interrelationship and interdependence All these facts do not allow to fully use the accumulated scientific and practical potential when making environmental and economic decisions about the possibility and conditions for the implementation of the planned economic activity. The improvement of the EIA toolkit and the justification of environmental investments of industrial enterprises is an urgent and practically important problem

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Discussion

Conclusion