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Financial Concept of Limiting the Negative Impact of Industry 4.0 on the Environment in the Regions of Russia in the Interests of Safety

In: Industry 4.0

Author

Listed:
  • Galina N. Semenova

    (Plekhanov Russian University of Economics
    Moscow Region State University)

  • Natalya V. Falina

    (Kuban State Agrarian University named after I.T. Trubilin)

  • Lyudmila V. Tokoun

    (State University of Management)

  • Polina S. Frantsuzenko

    (National Research University “Higher School of Economics”)

Abstract

Purpose: the purpose of the article is to develop a financial concept of limiting the negative impact of industry 4.0 on the environment in the regions of Russia in the interests of ensuring their safety. Design/methodology/approach: Using the regression analysis method, the regression dependence of the consolidated environmental index reflecting the state of the environment on the level of industry development 4.0 (digitalization) in the largest agglomerations of Russia in 2020 is determined. Findings: It has been proved that the industry structure of GRP significantly determines the nature of the influence of industry 4.0 on the environment in the regions of Russia. In regions with a predominance of market relations (least resilient to the crisis), the impact of industry 4.0 on the environment is negative. In regions based on the public sector and regulation, a positive but positive effect is most pronounced in regions with a combination of market and government regulation (moderately resistant to the 2020 crisis). Originality/value: The studied experience of different samples of regions of Russia made it possible to form a financial concept of limiting the negative impact of industry 4.0 on the environment in the interests of ensuring safety, which involves a transformation of the sectoral structure of the region’s economy. Although each region has to choose its own balance of market and state forces, it is not recommended to focus on a clean market. In times of crisis, the region’s resilience determines its possibilities for balanced development of society, economy and environmental protection.

Suggested Citation

  • Galina N. Semenova & Natalya V. Falina & Lyudmila V. Tokoun & Polina S. Frantsuzenko, 2022. "Financial Concept of Limiting the Negative Impact of Industry 4.0 on the Environment in the Regions of Russia in the Interests of Safety," Springer Books, in: Elena B. Zavyalova & Elena G. Popkova (ed.), Industry 4.0, pages 199-206, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-79496-5_18
    DOI: 10.1007/978-3-030-79496-5_18
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