etlЭкономика. Налоги. ПравоEconomics, taxes & law1999-849X2619-1474Финансовый университет при Правительстве Российской Федерации10.26794/1999-849X-2022-15-3-99-109etl-99Research ArticleРЕГИОНАЛЬНАЯ ЭКОНОМИКАREGIONAL ECONOMYЭкологический мультипликатор участия федерального и регионального бюджетов в проектах добывающих компанийEnvironmental Multiplier of Federal and Regional Budgets’ Participation in Mining Companies’ Projectshttps://orcid.org/0000-0002-5054-0676НовоселоваИ. Ю.NovoselovaI. Yu.

Ирина Юрьевна Новоселова — доктор экономических наук, профессор департамента отраслевых рынков факультета экономики и бизнеса.

Москва

Irina Yu. Novoselova — Dr. Sci. (Econ.), Prof., Department of Industry Markets, Faculty of Economics and Business.

Moscow

iunov2010@yandex.ruhttps://orcid.org/0000-0003-1495-4836НовоселовА. Л.NovoselovA. L.

Андрей Леонидович Новоселов — доктор экономических наук, профессор кафедры математических методов в экономике.

Москва

Andrey L. Novoselov — Dr. Sci. (Econ.), Prof. Department of Mathematical Methods in Economics of Plekhanov Russian University of Economics.

Moscow

alnov2004@yandex.ruФинансовый университетРоссияFinancial UniversityRussian FederationРоссийский экономический университет им. Г.В. ПлехановаРоссияPlekhanov Russian University of EconomicsRussian Federation20221105202515399109Copyright © Новоселова И.Ю., Новоселов А.Л., 20252025Новоселова И.Ю., Новоселов А.Л.Novoselova I.Y., Novoselov A.L.Данная работа распространяется под лицензией Creative Commons Attribution 4.0.This work is licensed under a Creative Commons Attribution 4.0 License.https://etl.fa.ru/jour/article/view/99

Предмет исследования — хозяйственное освоение арктической зоны России, требующее использования современных технологий, которые позволят предельно снижать загрязнение хрупкой экологической среды Заполярья и одновременно способствовать росту социально-экономического развития регионов. В статье рассмотрен процесс формирования наборов проектов хозяйственного освоения территорий с учетом их приоритетности исходя из ESG-критериев. Цель работы — поиск таких значений долевого инвестирования, при которых рентабельность инвестиций будет привлекательна для потенциальных соинвесторов при выборе проектов технологического перевооружения действующих компаний, или «зеленых» технологий, которые могут применяться при освоении новых месторождений и объектов инфраструктуры арктического региона. Установлено, что в формировании «зеленых» проектов заинтересованность проявляет не только добывающая компания, но и руководство регионального и федерального уровней, что позволяет формировать механизм справедливого софинансирования проектов путем выравнивания рентабельности инвестиций для каждого участника инвестиционного процесса, обеспечивать снижение уровня дифференциации социально-экономического развития субъектов Российской Федерации и муниципальных образований. Сформированы модели, процедуры и алгоритмы многокритериальной оценки приоритетности проектов исходя из расчета справедливых объемов инвестирования из различных источников. Сделаны выводы о том, выбранный в исследовании подход может быть легко адаптирован к любому числу инвесторов и критериям, позволяющим оценивать справедливость объемов финансирования. Приведенные расчеты дают возможность применять механизм софинансирования для развития любых компаний, в том числе добывающих, перерабатывающих и транспортных.

The subject of the study is the economic development of the Arctic zone of Russia, which requires the use of modern technologies that will allow to reduce pollution of the fragile ecological environment of the Arctic at the same time contribute to the growth of socio — economic development of the regions. The article considers the process of forming sets of projects for economic development of territories, taking into account their priority based on ESG criteria. The purpose of the work is to search for such values of equity investment in which the return on investment will be attractive to potential co — investors when choosing projects for technological re-equipment of existing companies or “green” technologies that can be used in the development of new deposits and infrastructure facilities in the Arctic region. It has been established that not only the mining company itself is interested in the formation of “green” projects, but also the leadership of the regional and federal levels, which makes it possible to form a mechanism for fair cofinancing of projects by equalizing the return on investment for each participant in the investment process, to ensure a reduction in the level of differentiation of socio-economic development of the subjects of the Russian Federation and municipalities. Models, procedures and algorithms of multi-criteria assessment of priority of projects are formed based on the calculation of fair investment volumes from various sources. Conclusions are drawn that the approach chosen in the study can be easily adapted to any number of investors and criteria that allow assessing the fairness of funding volumes. These calculations make it possible to use the co-financing mechanism for the development of any companies, including mining, processing and transport.

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The authors declare that there are no conflicts of interest present.