Prospects of green economy as a new paradigm of development

Transition of the world development to the post-industrial phase is accompanied by the global challenges, which could be solved within the "green economy". The basic principles of a "green economy" (GE) correspond to the concepts of balanced development and of rational nature use...

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Main Authors: A. A. Pakina, V. A. Gorbanyov
Format: Article
Language:English
Published: MGIMO University Press 2019-11-01
Series:Vestnik MGIMO-Universiteta
Subjects:
Online Access:https://www.vestnik.mgimo.ru/jour/article/view/1048
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author A. A. Pakina
V. A. Gorbanyov
author_facet A. A. Pakina
V. A. Gorbanyov
author_sort A. A. Pakina
collection DOAJ
description Transition of the world development to the post-industrial phase is accompanied by the global challenges, which could be solved within the "green economy". The basic principles of a "green economy" (GE) correspond to the concepts of balanced development and of rational nature use: the "green economy's" concept focuses on the idea of living standards improvement and economic growth while reducing the environmental damage. The indicators of GE reflect the complexity of the integrated assessment of economic, environmental and social outcomes. Since the common approach to such assessment has not yet been adopted, the development of global and national economies is often compared with the dynamics of their energy or resource intensity. This approach allows to take into account the "life cycle" of products and to allocate the responsibility of countries for environmental damage. Foreign experience can be used to implement the ideas of GE in Russia and CIS countries. Most experts are sceptical about these prospects due to its dependence on fossil fuels. Nevertheless, the experience of some regions of Russia and Kazakhstan shows the viability of strategies based on the renewable energy sources. Elaboration of financing mechanisms for "green" development is equally important. Such mechanisms must be adapted to meet the environmental needs of society, with attention to the losses from natural disasters and environmental damage. Today, national environmental management strategies are based on the transition to a resource-efficient low-carbon economy, and contribute a lot to the search for opportunities for the practical implementation of this concept.
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spelling doaj-art-a88abeac11824a76b6bd6d4ccce09a1b2025-01-30T12:15:53ZengMGIMO University PressVestnik MGIMO-Universiteta2071-81602541-90992019-11-0112513415510.24833/2071-8160-2019-5-68-134-155889Prospects of green economy as a new paradigm of developmentA. A. Pakina0V. A. Gorbanyov1Lomonosov Moscow State University; Moscow State Institute of International Relations (University) of the Ministry of Foreign Affairs of the Russian FederationLomonosov Moscow State University; Moscow State Institute of International Relations (University) of the Ministry of Foreign Affairs of the Russian FederationTransition of the world development to the post-industrial phase is accompanied by the global challenges, which could be solved within the "green economy". The basic principles of a "green economy" (GE) correspond to the concepts of balanced development and of rational nature use: the "green economy's" concept focuses on the idea of living standards improvement and economic growth while reducing the environmental damage. The indicators of GE reflect the complexity of the integrated assessment of economic, environmental and social outcomes. Since the common approach to such assessment has not yet been adopted, the development of global and national economies is often compared with the dynamics of their energy or resource intensity. This approach allows to take into account the "life cycle" of products and to allocate the responsibility of countries for environmental damage. Foreign experience can be used to implement the ideas of GE in Russia and CIS countries. Most experts are sceptical about these prospects due to its dependence on fossil fuels. Nevertheless, the experience of some regions of Russia and Kazakhstan shows the viability of strategies based on the renewable energy sources. Elaboration of financing mechanisms for "green" development is equally important. Such mechanisms must be adapted to meet the environmental needs of society, with attention to the losses from natural disasters and environmental damage. Today, national environmental management strategies are based on the transition to a resource-efficient low-carbon economy, and contribute a lot to the search for opportunities for the practical implementation of this concept.https://www.vestnik.mgimo.ru/jour/article/view/1048«green economy»rational nature usesustainability indicatorsenergy efficiencyenergy intensity of gdp«green finances»decuplingrenewable energy sourcesforeign experienceexperience of russia and kazakhstan
spellingShingle A. A. Pakina
V. A. Gorbanyov
Prospects of green economy as a new paradigm of development
Vestnik MGIMO-Universiteta
«green economy»
rational nature use
sustainability indicators
energy efficiency
energy intensity of gdp
«green finances»
decupling
renewable energy sources
foreign experience
experience of russia and kazakhstan
title Prospects of green economy as a new paradigm of development
title_full Prospects of green economy as a new paradigm of development
title_fullStr Prospects of green economy as a new paradigm of development
title_full_unstemmed Prospects of green economy as a new paradigm of development
title_short Prospects of green economy as a new paradigm of development
title_sort prospects of green economy as a new paradigm of development
topic «green economy»
rational nature use
sustainability indicators
energy efficiency
energy intensity of gdp
«green finances»
decupling
renewable energy sources
foreign experience
experience of russia and kazakhstan
url https://www.vestnik.mgimo.ru/jour/article/view/1048
work_keys_str_mv AT aapakina prospectsofgreeneconomyasanewparadigmofdevelopment
AT vagorbanyov prospectsofgreeneconomyasanewparadigmofdevelopment