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2023 | OriginalPaper | Chapter

Global Challenges: Environment

Authors : Natalia Piskulova, Vladimir Gorbanyov

Published in: World Economy and International Business

Publisher: Springer International Publishing

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Abstract

Presently, environmental problems have become more of a global nature and the associated risks are defined as a major threat to mankind and are already an important factor adding up to global instability. World Community responds to the challenges by altering international, regional, and state policies. A major global economic trend is the shift of the world economy and international business to sustainable development and a green economy path. Business perception of sustainable development has significantly evolved over the recent decades and ESG factors have become indispensable to business strategies.

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Footnotes
1
According to Eurostat, the circular economy is a model of production and consumption, which involves sharing, leasing, reusing, repairing, refurbishing, and recycling existing materials and products as long as possible.
 
2
“Brown economy”—a traditional economy with a high grade of environmental pollution.
 
3
A situation when the choice of one technology prevents a further switch to a different technology due to additional costs.
 
Literature
go back to reference KPMG. (2013). Focus: Corporate Governance and Sustainable Development (Vestnik No 3). KPMG. (2013). Focus: Corporate Governance and Sustainable Development (Vestnik No 3).
go back to reference Piskulova N. (2022). Energy Transition 4.0: Impact on Economic Relations between Russia and the EU. Russian Foreign Economic Bulletin, (1). Piskulova N. (2022). Energy Transition 4.0: Impact on Economic Relations between Russia and the EU. Russian Foreign Economic Bulletin, (1).
go back to reference Shvarts, E. et al. (2015). Voluntary Environmental Standards in Key Russian Industries: A Comparative Analysis. International Journal of Sustainable Development and Planning. www.witpress.com Shvarts, E. et al. (2015). Voluntary Environmental Standards in Key Russian Industries: A Comparative Analysis. International Journal of Sustainable Development and Planning. www.​witpress.​com
go back to reference UNCTAD. (2021). Trade and Development Report 2021. From Recovery to Resilience: The Development Dimension. United Nations. UNCTAD. (2021). Trade and Development Report 2021. From Recovery to Resilience: The Development Dimension. United Nations.
Metadata
Title
Global Challenges: Environment
Authors
Natalia Piskulova
Vladimir Gorbanyov
Copyright Year
2023
DOI
https://doi.org/10.1007/978-3-031-20328-2_11

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