Environmental Multiplier of Federal and Regional Budgets’ Participation in Mining Companies’ Projects
https://doi.org/10.26794/1999-849X-2022-15-3-99-109
Abstract
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.
About the Authors
I. Yu. Novoselova
Financial University
Russian Federation
Russian Federation
Irina Yu. Novoselova — Dr. Sci. (Econ.), Prof., Department of Industry Markets, Faculty of Economics and Business.
Moscow
A. L. Novoselov
Plekhanov Russian University of Economics
Russian Federation
Russian Federation
Andrey L. Novoselov — Dr. Sci. (Econ.), Prof. Department of Mathematical Methods in Economics of Plekhanov Russian University of Economics.
Moscow
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Review
For citations:
Novoselova I.Yu., Novoselov A.L. Environmental Multiplier of Federal and Regional Budgets’ Participation in Mining Companies’ Projects. Economics, taxes & law. 2022;15(3):99-109. (In Russ.) https://doi.org/10.26794/1999-849X-2022-15-3-99-109
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