Green Economy for Nature conservation: New paradigm for the Future
expand article infoAlina Steblyanskaya, Sergey Bobylev§, Yan Jun|
‡ Harbin Engineering University, Harbin, China
§ Lomonosov Moscow State University, Moscow, Russia
| China University of Petroleum, Beijing, China
Open Access

In recent years, national governments have increased their activities aimed at alleviating environmental problems; legislative, regulatory, economic and political measures are being taken and adequate environment policy tools are searched for by public authorities at different levels of governance. The global demand for such tools has given rise to a variety of environmental policy research projects on a wide range of related issues, especially those concerning nature conservation. The all-important question today is how to offset the damaging impact of economic growth on the nature of the planet. It is already clear that the existing protected areas and Aichi Target 11 are not enough to halt the decline in biodiversity and so there is a dire necessity to expand the system of nature conservation areas. To meet these challenges, we need a detailed investigation to determine reliably how economic, social, energy and environmental factors influence nature conservation and sustainable growth.

Over the past decade, the idea of sustainable economic growth was in the centre of both scholarly and political attention. Research was carried out to analyze transversal links between energy-economy-environmental and ecological factors. Systematic research into sustainable growth, however, is still on the agenda. There is no doubt that systemic thinking methods should be used in economic theory for nature conservation and sustainable growth. Another pertinent question concerns the processes through which environmental factors, including the spread of viruses, could influence social responsibility and sustainable financial growth of business organizations. The similar position is formulated in the materials of the G20 green finance research group and in the UN documents, which emphasize the need to introduce environmental and social impact parameters into the assessment of financial growth sustainability.

Global civilization is sinking into social and economic turmoil; humanity is facing continuous deterioration of environment and uncontrollable declines in GDP; economic theory is advancing and yet it seems unable to predict the crises or provide adequate public policies to address them. It is now essential not only maximize profit, but also maintain the stability of the economy in order to preserve the Planet. The latest developments, including the emergence of viruses, have shown that if the humankind does not begin to think about the economy’s influence on Nature, the Planet will be destroyed. It is necessary to conceive of a new economic system and find new tools and new integrating methods that will create an opportunity to follow both financial ratios and new sustainable ratios with non-financial factors inside. The Economy needs new approaches based on green technologies, system sciences and sustainable methods.

The Special Issue of the “BRICS Journal of Economics” “Green Economy for Nature Conservation and Sustainable Growth” suggests responses only to a limited number of questions; it nevertheless provides a platform for the sharing of research into the theory of green economy development with particular emphasis on the transversal links between economic, social, energy and environmental factors.

The first article discusses global targets on climate change in the economy where coal remains one of the most commonly used fuels accounting for over 25% of the total energy supply. The author (D. Medzhidova) analyzes coal markets in the new environment characterized by sanctions against exporters, high commodity prices, inflation and a slowdown in economic growth; they describe the major trends before 2020 and examine the current situation together with its implications for the future, given the tradeoff between economic development and energy transition.

The second article builds a DID model with two-way fixed effects to analyze the mechanism of environmental taxes’ influence on financial performance of business organizations. The authors (X. Ding, M. Petrovskaya) have found that environmental taxes contribute directly and significantly to the improvement of financial performance and that technological innovation in some degree produces mediating effect. This paper contributes to the study of economic consequences of environmental tax levies from the perspective of property and regional heterogeneity. It provides empirical evidence in support of the applicability of Porter’s hypothesis in China and makes suggestions for optimization of environmental policy and improvement of financial performance of enterprises.

The third article (B. Liu, O. Efimova, M. Vasiev, W. Qian) examines the prospects of cooperation between China and Russia in transport policy with regard to the environmental component through the study of the environment-oriented processes using the transregional theory and Kuznetsov’ transregional model of interaction between Russia and China in the transport sector. The research findings indicated that China and Russia would continue to strengthen cooperation in the field of transportation infrastructure, building and renovating roads, railways, ports, and border crossings to expand traffic capacity and improve efficiency - all this with a focus on new green technologies.

The fourth paper discusses the idea of a socialist ecological civilization with Chinese characteristics; based on the latest requirements of Marxist theory it is expected to improve China’s ecological sustainability. The author (J. Yan, V. Bocharnikov) emphasizes that responsible attitude enhances people’s awareness of the need for consistent protection of the environment, encouraging them to carry out more and more ecological activities, which conclusively shows that the idea of socialist ecological civilization with Chinese characteristics has very high theoretical and practical value.

The fifth paper focuses on the influence, which Russia’s trade with China is having on carbon dioxide emissions in the Russian regions. The authors examine carbon dioxide emissions in the two countries in connection with trading and industrial activities and outline future tendencies. The authors (A. Steblyanskaya, A. Denisov, S. Bobylev, S. Razmanova) use complex forecasting models in Python to assess the prospects for trade collaboration between Russia and China till 2030.

The authors of this Special Issue point out a significant impact of the environmental sustainability process on ecological protection and green energy transition.

About the Theme Editors

Alina Steblyanskaya is Associate Professor, Graduate students’ supervisor, Ph.D. in Management and Engineering. Visiting scholar at the Central Institute of Economics and Mathematics, Russian Academy of Sciences and Moscow University of Transport (RUT MIIT). Engaged in environmental economics, green finance, energy policy and complex economics research. Member of the Research Center for Green Technology Management and Technology Entrepreneurship (HEU Xinhai Team). She has published more than 30 academic papers in such journals as “PLOS One”, “Energy Strategy Reviews”, “Energies”, “Sustainability”, “Foresight and STI Governance”, “Oil and gas” and other important journals in China and abroad. She has worked as a reviewer for some SCI journals such as “International Journal for Quality Research”, “St. Petersburg University Journal of Economic Studies”, and “Land Use Policy”. She was responsible of the Fundamental research project for Central Universities and a High-level foreign expert project from the China Ministry of Science and Technology. She has participated in five international-level research projects as a key member. Alina is an Editorial Board member of the “BRICS Economic Journal”, “Contemporary Russia Journal “and «Finance: Theory and Practice” journals.

ORCID ID: orcid.org/0000-0002-1995-4651. Alina Steblyanskaya can be contacted at: alina_steblyanskaya@hrbeu.edu.cn

Sergey Bobylev is the Head of the Department of Economics Faculty, head of the Center for Bioeconomics and Eco-Innovation, Lomonosov Moscow State University, head of the Environmental Economics Department (since 2017), Doctor of Economics (1988), professor (1991), honored scientist of the Russian Federation, academician of the Russian Academy of Natural Sciences and the Russian Ecological Academy, UN expert. He graduated from the Faculty of Economics of Moscow State University in 1974 and in 1977 - he defended his PhD. In 1988 he became a Doctor of Economics. He has been working at the Faculty of Economics of Moscow State University named after M.V. Lomonosov since 1977. He headed expert groups and participated in projects for international organizations: the United Nations Development Program, the World Bank, the Global Environment Facility, as well as for the Ministry of Economic Development, the Ministry of Natural Resources and Environment, the Duma of the Russian Federation, and the Public Chamber of the Russian Federation. He is the head and participant of research grants of the Russian Humanitarian Science Foundation, the Russian Foundation for Basic Research, the Russian Science Foundation. In 2020 he participated in the preparation of the UN Global Sustainable Development Report 2023. Editor-in-Chief of the Russian UN Development Program Reports on Human Development in 2000-2013. He was a visiting professor at the Dauphine University (Paris) and the Vienna University of Economics (Vienna). Author of over thirty monographs and textbooks. Among these books, are the country’s first publications on sustainable development economics, sustainable development indicators and goals, the economics of biodiversity and ecosystem services.

ORCID ID: orcid.org/0000-0001-5269-9026. Sergey Bobylev can be contacted at: snbobylev@yandex.ru

Yan Jun is a researcher at the Research Center for Energy Efficiency, School of Economics and Management, China University of Petroleum (Beijing). Her research interests concerns energy economy, energy efficiency, carbon neutrality, sustainable development, and green finance. She obtained her bachelor degree in HRM from University of International Business and Economics. Her master degree is from Nankai University Business School. She received her PhD from China University of Petroleum (Beijing). She has 10 years’ experience at the biggest Chinese companies as social affairs leader. She has published more than 20 academic papers in such journals as “PLOS ONE”, “Energy Strategy Reviews”, “Energies”, “International Journal of Public Administration”, etc. She has participated in three China’s national-level projects as a key member.

ORCID ID: orcid.org/0000-0002-2271-5387. Yan Jun can be contacted at: yanjun2014@126.com

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