“Green Economy”: Opportunities and Constraints for Russian Companies

Abstract:

The article explores the importance of a transition to a “green economy” for Russia, as well as the potential opportunities and constraints for its national businesses.

Many countries across the world emphasize the significance of ecological concerns and have followed their evolution from sustainable development to a green economy. The Russian state, however, demonstrates little interest in promoting this “green transition”, while Russia companies only see constraints and few opportunities in it. However, public-private partnership could be developed in order to modernize the country and make the “green transition” possible. Such projects could be based on an economic and environmental “win-win situation” driven by both environmental innovation and technological modernization.

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