Development of Organizational and Financial Tools for Innovative Technological Eco-Projects in the Regions of the Arctic Zone of the Russian Federation

Annotation

The current macroeconomic and geopolitical situation, combined with the current measures of state support, increasingly stimulate domestic business structures to implement new investment initiatives, which are designed, according to government officials and parliamentarians, to improve the socio-economic situation of the localization sites of such projects. In practice, however, such developments are associated with certain environmental risks such as pollution of water, air, soil, destruction of other key elements of the environment. Such negative impacts are particularly devastating for unique ecologically clean territories, one of which is the Russian part of the global Arctic zone. In this regard, the aim of this study is to develop relevant scientific and practical recommendations for activating and scaling up the investment activity of business structures implementing environmentally-oriented investment projects within the boundaries of the AZRF. The essence of these innovations is based on a combined approach. In particular, it is proposed to introduce up to seven new direct measures of financial incentives for eco-investments by businesses, up to five changes to regional and federal legislation, up to three direct financial injections into the public sector, as well as a significant adjustment of tax legislation into the national economy. From a practical point of view, this will create new preferential conditions for business and stimulate eco-oriented investment thinking, as well as eliminate accumulated environmental damage, restore and rehabilitate most natural sites, preserve biological diversity, develop a comprehensive eco-monitoring system, and take a new significant step towards creating a renewable resource economy.

About authors

Tatyana A. Golovina, Dr. Sci. (Econ.), Professor
golovina_t78@mail.ru, ORCID: https://orcid.org/0000-0001-9258-4100
Central Russian Institute of Management, Branch of Ranepa, ul. Oktyabrskaya, 12, Orel, Russia

Vladislav V. Matveev, Cand. Sci. (Econ.), Associate Professor
vvmatveev@list.ru, ORCID: https://orcid.org/0000-0003-0785-2751
Central Russian Institute of Management, Branch of Ranepa, ul. Oktyabrskaya, 12, Orel, Russia

Irina L. Avdeeva, Cand. Sci. (Econ.), Associate Professor
i-avdeeva-i@yandex.ru, ORCID: https://orcid.org/0000-0002-4357-7809
Central Russian Institute of Management, Branch of Ranepa, ul. Oktyabrskaya, 12, Orel, Russia

Keywords

environment, environmental safety, Arctic zone of the Russian Federation, investments, investment processes, ESG projects, tools for activating entrepreneurial structures, renewable resource economy

DOI

https://doi.org/ 10.37482/issn2221-2698.2025.60.42

UDC

[332.1:338.2:330.322](985)(045)