Baikal Region (Russia) Development Prospects Based on the Green Economy Principles

Abstract

The problems of preserving the natural environment are relevant for unique natural complexes of territories, such as the Baikal region (Russia). There are few studies devoted to forecasting the green economic development of the eco-socio-economic system of the Baikal region. The previous studies are mainly dedicated to the theory of forming the green economy in the Baikal region. This study aimed to forecast and determine future trends in the Baikal region’s eco-socio-economic development based on the green economy. The methodological approach to assess the Baikal region development prospects is based on determining the factors affecting the relationship between various eco-socio-economic components using multiple regression models. We constructed the forecast using the artificial neural networks method, and we assessed the possible impact of anthropogenic factors on the Baikal region’s eco-socio-economic system in the future. Based on the obtained forecast, we proposed a mechanism for regulating the green economy formation in the region. The regional governments of the Baikal region should perform the management function. This requires establishing a special interregional Green Development Fund to restructure incoming public funds by redistributing financial flows from contaminating brown to green industries and develop a state program for the Green Development of the Baikal region. The constructed forecast is informational support for decision making for the long-term development of the economy during the transition to the green economy, the development and justification of program activities, and the future’s main strategic priorities.

Socio-Economic Factor Impact on the Republic of Buryatia (Russia) Green Economic Development Transition

“…We suggest establishing a special interregional Baikal Region Green Development Fund and launch of the Baikal Region Green Development State Program. The regional governments will perform the regulatory function within the Baikal region [1]. First of all, this should determine the forms and methods of state support; determine the list of organizations entitled to subsidies and subsidies; and establish the procedure for granting subsidies and reporting.…”

“…The slowdown of economic growth has consequences for the wellbeing of the population. This situation leads to a conflict of interest between economic growth and environmental protection, as much of economic growth is still accompanied by environmental pollution, especially in developing countries [1]. In such regions, the current socio-economic development model must be changed to a more suitable green economy concept based on specific principles (internalize externalities; create decent work and green jobs; poverty reduction; protect biodiversity and ecosystems; promote resource and energy efficiency; use integrated decision making; have low carbon and low emissions; and maintain economic growth).…”

On the Coupling and Coordination Development between Environment and Economy: A Case Study in the Yangtze River Delta of China

“…With the accelerated development of industrialization and urbanization, the natural resources have been consumed excessively, resulting in huge environmental pollution and ecological damage [ 1 , 2 , 3 ]. Humans generally realize that the environment and economy are connected closely, and their harmonious development is vital to sustainable development [ 4 ].…”

Green Economy Development Progress in the Republic of Buryatia (Russia)

“…There are many studies on the comprehensive assessment of green economic development using indicator assessment methods [22][23][24] in the world practice and an increasing number of studies on the greening of the economy of the Republic of Buryatia [25][26][27]. However, the problem of finding sustainable ways to preserve unique natural objects, including Lake Baikal, has not yet been sufficiently studied.…”