| | | | PROBLEMS OF MODERN ECONOMICS, N 3 (79), 2021 | | | | ECONOMICS AND ECOLOGY | | | Pakhomova N. V.
Chair of Economic Theory, Department of Economics, St. Petersburg State University, PhD (Economics), Professor, Corresponding Member of the Russian Academy of Natural Sciences Honored Scholar of the Russian Federation
Richter K. K.
Head of the Chair of Economics of Enterprise and Entrepreneurship, Department of Economics,
St. Petersburg State University, PhD (Physics, Mathematics)
Malyshkov G. B.
Assistant Professor, Chair of Economics, Accounting and Finances, National Mineral Resources University “Gornyi” (St. Petersburg), PhD (Economics)
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| | | The article focuses on the ways Russian business can develop a new strategic course in response to dramatically aggravated global climate and ecological problems and with regards to their reflection in the UN 2030 Sustainable Development Goals and the European Green Deal. Particular significance of the latter stems from the fact that the European Union is Russia’s largest trade partner, with the export nearing one billion dollars. Therefore, mechanisms of climatic regulation implemented by the European Union will affect the interests of a considerable portion of Russian enterprises, including export-oriented one, which will require their strategic reaction and development of renewed competitive strategies. Besides, the recognition of the fact that the European Union attempts to gain the leading position in the sphere of climate regulation will entail intensification of efforts, on the part of the Russian business, to acquire the newest approaches in this sphere. The article presents a short list of measures that were implemented in Russia in response to the adoption of the UN 2030 Sustainable Development Goals program, and describes the new range of challenges produced by the European Green Deal. The authors focus on modernization of business-strategies and acquiring new approaches, including ESG and low-carbon strategies of development. Particular attention is given to the institutional state support for the formation of new pro-active corporate strategies that mitigate ecological and climatic problems and increase the long-term competitiveness of the Russian business, both internally and on the international markets. | | Key words: sustainable development, aims of sustainable development, European Green Deal, ESG strategies, decarbonization strategies, new tools of climate regulation, institutional support | | Pages: 187 - 195 |
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