Management of green investment of countries in terms of their technological development

Authors

DOI:

https://doi.org/10.15587/2706-5448.2023.283926

Keywords:

green investment management, countries, technological development, benchmarking approach, criterion indicator

Abstract

In the conditions of technological development and informatization of social relations, the formation of effective organizational support for the processes of investing in green technologies is becoming more and more actualized. The object of the research is the management processes of green investment of the countries of the world by various stakeholders in the conditions of increasing movement and development of productive forces towards Industries 4.0 and 5.0. Among the problems that need to be solved, the following should be noted:

– low level of management decision-making and implementation of green investment in countries with transition economies and developing countries;

– high level of divergence in technological development among the countries of the world in the system of technological structures.

Effective organizational and economic support for green investment at the level of the state, investor, manufacturer, and client should be included among the tools for solving these problems. A comparative analysis of green investment of the countries of the world was carried out. The factors of positive and negative impact on the green investment management process in countries with different levels of economy and technological development were formed. Modern trends in the development of green investment were investigated. The effects of the implementation of green technologies by companies of the world were noted. The benchmarking approach has been improved, with regard to the selection of constituent countries-leaders, which can be used in the management of green investments. The criterion indicators of the SWOT analysis of the green investment management system were formed on the example of the innovative project of the university. The necessary conclusions have been drawn based on the research results.

The obtained results are explained by the possibility of their application in the system of implementation of projects and programs regarding investment in green technologies (solar stations, wind stations, sewage treatment system, landscaping and greening of territories, geothermal energy). Practical implementation is possible in various countries of the world under the conditions of sustainable technological development from Industry 3.0 to Industry 5.0.

Author Biographies

Leonid Taraniuk, Sumy State University; Vilnius Gediminas Technical University

Doctor of Economic Science, Professor

Department of International Economic Relation

Department of Management

Researcher

Renata Korsakiene, Vilnius Gediminas Technical University

Doctor of Economic Science, Head of Department

Department of Management

Karina Taraniuk, Sumy State University; Vilnius Gediminas Technical University

PhD, Associate Professor, Senior Lecturer

Department of Management

Researcher

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Management of green investment of countries in terms of their technological development

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Published

2023-06-30

How to Cite

Taraniuk, L., Korsakiene, R., & Taraniuk, K. (2023). Management of green investment of countries in terms of their technological development. Technology Audit and Production Reserves, 3(4(71), 42–47. https://doi.org/10.15587/2706-5448.2023.283926

Issue

Vol. 3 No. 4(71) (2023): Economics of enterprises. Macroeconomics

Section

Problems of Macroeconomics and Socio-Economic Development

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Copyright (c) 2023 Leonid Taraniuk, Renata Korsakiene, Karina Taraniuk

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