Development of the Russian socio-economic system: challenges and prospects
- Author:
- Irina N. Shvetsova
- Work direction:
- Глава 5
- Abstract:
- The chapter proposes a theoretical concept and substantiates the key ideas of integrating ESG principles into the financial mechanism of regional development in order to transition to a sustainable model. Based on an analysis of international practices of green budgeting, the article identifies key ESG risks, assesses their potential impact on the regional budget, and identifies a set of tools for managing public finances and related risks. In the future, it is planned to test the proposed mechanism and evaluate its impact on economic growth at the sub-federal level.
- Keywords:
- sustainable development, financial sustainability, ESG, regional finance, budget system, climate risks, green budgeting, energy transition
Development of the Russian socio-economic system: challenges and prospects