The Role of Environmental Innovation in Green Modernization of Industrial Enterprises

Environmental innovations, green financing, and green investments are currently aimed at implementing such key areas of “greening” the economy and society as reducing emissions of greenhouse gases and various pollutants into the environment. However, the process of green modernization of industrial...

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Main Authors: Zhanna A. Mingaleva, Yurii V. Starkov
Format: Article
Language:English
Published: Financial Research Institute 2021-10-01
Series:Финансовый журнал
Subjects:
Online Access:https://www.finjournal-nifi.ru/images/FILES/Journal/Archive/2021/5/statii/06_5_2021_v13.pdf
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author Zhanna A. Mingaleva
Yurii V. Starkov
author_facet Zhanna A. Mingaleva
Yurii V. Starkov
author_sort Zhanna A. Mingaleva
collection DOAJ
description Environmental innovations, green financing, and green investments are currently aimed at implementing such key areas of “greening” the economy and society as reducing emissions of greenhouse gases and various pollutants into the environment. However, the process of green modernization of industrial enterprises is much more diverse and does not only involve environmental measures in relation to direct environmental pollution. The present article reveals the features of the behavior of Russian enterprises and organizations in the field of environmental innovation introduction. The ranking of environmental innovations by directions and goals of implementation is carried out, and their dynamics are analyzed. Particular attention is paid to such a direction of “greening” the economy and production underestimated to date as the activity of replacing raw and other materials with safe or less hazardous ones. The paper demonstrates the importance and significance of this direction of environmental innovation from the point of view of the formation of a green value chain. The main research methods are statistical, structural and logical, and comparative analysis as well as methods of graphical data presentation. The result of the study is the conclusion that it is necessary to increase the attention given by individual enterprises, the business community, investment organizations, the financial sector, government bodies and other subjects of society to such a direction of green modernization of industrial enterprises as the introduction of innovation in the use of environmentally friendly raw and other materials. First and foremost, the above implies an expansion of production and use of composite materials, which have huge application potential in various sectors of the economy, thus generally corresponding to the country’s technological development program.
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spelling doaj.art-58592f9bc80c421e836f02191159a93a2022-12-21T19:59:58ZengFinancial Research InstituteФинансовый журнал2075-19902658-53322021-10-0113No. 5799210.31107/2075-1990-2021-5-79-92The Role of Environmental Innovation in Green Modernization of Industrial EnterprisesZhanna A. Mingaleva0https://orcid.org/0000-0001-7674-7846Yurii V. Starkov1https://orcid.org/0000-0002-4955-400XPerm National Research Polytechnic University, Perm 614990, Russian FederationPerm National Research Polytechnic University, Perm 614990, Russian FederationEnvironmental innovations, green financing, and green investments are currently aimed at implementing such key areas of “greening” the economy and society as reducing emissions of greenhouse gases and various pollutants into the environment. However, the process of green modernization of industrial enterprises is much more diverse and does not only involve environmental measures in relation to direct environmental pollution. The present article reveals the features of the behavior of Russian enterprises and organizations in the field of environmental innovation introduction. The ranking of environmental innovations by directions and goals of implementation is carried out, and their dynamics are analyzed. Particular attention is paid to such a direction of “greening” the economy and production underestimated to date as the activity of replacing raw and other materials with safe or less hazardous ones. The paper demonstrates the importance and significance of this direction of environmental innovation from the point of view of the formation of a green value chain. The main research methods are statistical, structural and logical, and comparative analysis as well as methods of graphical data presentation. The result of the study is the conclusion that it is necessary to increase the attention given by individual enterprises, the business community, investment organizations, the financial sector, government bodies and other subjects of society to such a direction of green modernization of industrial enterprises as the introduction of innovation in the use of environmentally friendly raw and other materials. First and foremost, the above implies an expansion of production and use of composite materials, which have huge application potential in various sectors of the economy, thus generally corresponding to the country’s technological development program.https://www.finjournal-nifi.ru/images/FILES/Journal/Archive/2021/5/statii/06_5_2021_v13.pdfgreen investmentgreen industrial modernizationcomposite materialsgreen value chain
spellingShingle Zhanna A. Mingaleva
Yurii V. Starkov
The Role of Environmental Innovation in Green Modernization of Industrial Enterprises
Финансовый журнал
green investment
green industrial modernization
composite materials
green value chain
title The Role of Environmental Innovation in Green Modernization of Industrial Enterprises
title_full The Role of Environmental Innovation in Green Modernization of Industrial Enterprises
title_fullStr The Role of Environmental Innovation in Green Modernization of Industrial Enterprises
title_full_unstemmed The Role of Environmental Innovation in Green Modernization of Industrial Enterprises
title_short The Role of Environmental Innovation in Green Modernization of Industrial Enterprises
title_sort role of environmental innovation in green modernization of industrial enterprises
topic green investment
green industrial modernization
composite materials
green value chain
url https://www.finjournal-nifi.ru/images/FILES/Journal/Archive/2021/5/statii/06_5_2021_v13.pdf
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