Foreign direct investment in green economy

Gurova I.P.¹
¹ МГИМО МИД РФ, Russia

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Journal paper

Journal of International Economic Affairs ^{(РИНЦ, ВАК)}
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Volume 9, Number 2 (April-June 2019)

Citation:

Indexed in Russian Science Citation Index: https://elibrary.ru/item.asp?id=39191611
Cited: 25 by 07.12.2023

Abstract:
The green economy attracts financial resources from international and domestic, public and private sources. The most common international sources are official development aid and the international green bond market. The activities of transnational companies (TNCs) have significant potential for green investment growth. In the context of the priority of sustainable growth values, modern companies are trying to overcome the "pollution effect" and move to the development of competitive advantages of green economic activity. The result of analysis of the green FDI data shows that TNC investment in green projects in host countries can vary from 5 to 25% of the total «green field» investment, that characterizes their positive contribution to green growth. The involvement of TNCs in the green economy provides a basis for overcoming the one-sided approach in the study of their activities, focused on negative effects.

Keywords: renewable energy, sustainable growth, green finance, green FDI

JEL-classification: F21, Q42, Q56, Q59

References:

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