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Financing of Eco-innovations: Sources and Trends in Kazakhstan

Author

Listed:
  • Kalkabayeva Gaukhar

    (Department of Bank Management and Financial Markets, Karaganda Economic University of Kazpotrebsoyuz, Kazakhstan,)

  • Aibot? Rakhmetova

    (Department of Economic theory and state and local governance, Karaganda Economic University of Kazpotrebsoyuz, Kazakhstan,)

  • Marina Assanova

    (Department Marketing and Logistics , Karaganda Economic University of Kazpotrebsoyuz, Kazakhstan.)

Abstract

Nowadays most developed and some developing countries are moving to the path of green economy and strive to develop in the direction of sustainable development. An important aspect is the development of eco-innovations that contribute to reducing the negative impact on the environment through the creation of fundamentally new products, processes and systems with minimal use of natural resources and virtually zero environmental pollution. Such clean technologies are possible in the field of renewable energy, water resources management, green construction, waste reduction, etc. The vast accumulated international experience of countries that develop eco-innovations serves as a positive experience for the development of this direction in Kazakhstan. Energy efficiency and renewable energy resources should be considered as national priorities of the country, be integrated into energy and socio-economic policies, and become the basis for the development of state programs for sustainable development. Kazakhstan strives to achieve its goals for sustainable development, including improving the environmental situation in the country. This paper focuses on financial issues in ecoinnovations, it represents analyses of current trends in this sphere in Kazakhstan.

Suggested Citation

  • Kalkabayeva Gaukhar & Aibot? Rakhmetova & Marina Assanova, 2021. "Financing of Eco-innovations: Sources and Trends in Kazakhstan," International Journal of Energy Economics and Policy, Econjournals, vol. 11(1), pages 173-179.
    • Handle: RePEc:eco:journ2:2021-01-22
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    References listed on IDEAS

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    1. Grossman, G.M & Krueger, A.B., 1991. "Environmental Impacts of a North American Free Trade Agreement," Papers 158, Princeton, Woodrow Wilson School - Public and International Affairs.
    2. Grazia Cecere & Nicoletta Corrocher & Maria Luisa Mancusi, 2020. "Financial constraints and public funding of eco-innovation: empirical evidence from European SMEs," Small Business Economics, Springer, vol. 54(1), pages 285-302, January.
    3. Christoph P. Kiefer & Pablo Del Río González & Javier Carrillo‐Hermosilla, 2019. "Drivers and barriers of eco‐innovation types for sustainable transitions: A quantitative perspective," Business Strategy and the Environment, Wiley Blackwell, vol. 28(1), pages 155-172, January.
    4. Zhongju Liao, 2020. "Is environmental innovation conducive to corporate financing? The moderating role of advertising expenditures," Business Strategy and the Environment, Wiley Blackwell, vol. 29(3), pages 954-961, March.
    5. Balint Horvath & Miriam Bahna & Csaba Fogarassy, 2019. "The Ecological Criteria of Circular Growth and the Rebound Risk of Closed Loops," Sustainability, MDPI, vol. 11(10), pages 1-15, May.
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    Cited by:

    1. Saulesh Minazhova & Ruslan Akhambayev & Timur Shalabayev & Amangeldy Bekbayev & Bolat Kozhageldi & Manuela Tvaronavičienė, 2023. "A Review on Solar Energy Policy and Current Status: Top 5 Countries and Kazakhstan," Energies, MDPI, vol. 16(11), pages 1-16, May.

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    More about this item

    Keywords

    eco-innovations; sustainable development; regional development; financing of ecological innovations; innovative development;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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