The modern green course of Russia: problems and prospects of implementation

Abstract

Aim. To study the impact of the Green Deal of Russia program on the development of the country's economy, to analyze the main problems and prospects for its implementation in the medium and long term.Methods. The study was conducted using theoretical system analysis, induction, deduction, comparative‐descriptive analysis, general scientific method of accounting.Results. Currently, the most dynamically developing countries of the world are looking for ways to ensure the establishment and development of a green economy and the conservation of existing biodiversity in ecosystems. The Russian Green Deal project is a large‐scale concept for the development of the country until 2050 with an emphasis on decarbonizing the economy and restoring the environment. The authors made an attempt to answer the question, what are the prospects for the implementation of the "Green Course of Russia" program in the country. The implementation of the strategic initiatives of the "Green Deal of Russia", according to the study, will require significant both current and investment costs. The authors concluded that it is necessary to carry out a set of organizational, rule‐making, administrative and managerial measures on the part of the state and society aimed at structural modernization of the entire socio‐economic system of the country.Conclusion. The need to implement the main provisions of the "Green Deal for Russia" program is beyond doubt, as the whole world is facing serious global environmental challenges that can destroy humanity itself. At the same time, the issue of readiness for the structural modernization of the Russian economy through the transition to the development of clean energy, energy efficiency, and the development of a cyclical economy remains open and uncertain.