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September 17, 2026
'I Wish That People Would Place Greater Trust in Science'
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The Need for the Green Economy Factors in Assessing the Development and Growth of Russian Raw Materials Companies

Journal of Comprehensive Business Administration Research. 2024. Vol. 1. No. 1. P. 19–26.
Ulanov V. L.

Approaches to assessing economic development and growth in the context of transition to a green and low-carbon economy are considered on the example of the Russian raw materials business. The implementation of carbon regulation leads not only to the expected environmental results, but also to a change in market conditions. The company's value in the free market is a tool determining management decisions. With the spread of protectionist measures and restrictions, the assessment of the former integral indicator is distorted. It is shown that the curtailment of long-term contracts for the supply of fossil fuels and restrictions on investments in traditional energy projects adjust the assessment. The analysis of the received estimates did not confirm the possibility of an adequate assessment of development and growth by another criterion. Indexes, ratings, as well as such indicator systems as ESG may be of interest as a criterion of success. One of the factors of sustainable development and growth of raw materials companies is the number of proven reserves of recoverable resources, the potential of hard-to-recover resource and the inability to reproduce natural resources. The sustainability factor is the level of reorientation towards the development and operation in new fields. Based on the analysis of dependencies, it is proposed to develop strategies, which allow us to identify new opportunities, for example, in connection with the transition to a low-carbon economy. The system for assessing economic development and economic growth of raw materials and energy companies, built on a single-criterion approach, should consider the conditions of subsurface use, the level of reserves, and use additional indicators to consider the impact of external circumstances. The assessment of the Russian raw materials and energy business on market principles may show negative dynamics in the short term, but in the long term, expectations are optimistic.

Research target: Economics and Management
Language: English
Full text
DOI
Keywords: economic developmenteconomic growthinvestmentsubsoil use company valueCriteria
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