Methodological Approaches to the Evaluation of Investment Efficiency Taking into Account Environmental Factors

• Published in: IOP Conference Series: Materials Science and Engineering
• Main Author: Grenaderova, M V
• Format: Article in Journal/Newspaper
• Language: unknown
• Published: IOP Publishing 2020
• Subjects: permafrost
• Online Access: http://dx.doi.org/10.1088/1757-899x/753/8/082036; https://iopscience.iop.org/article/10.1088/1757-899X/753/8/082036/pdf; https://iopscience.iop.org/article/10.1088/1757-899X/753/8/082036

Abstract A huge scale of the industry connected with mining mostly non-renewable natural resources and increasing negative impact of the industrial activity on the environment result in an increasing number of environmental catastrophes and disturbance of the natural environmental balance. The global community must design an effective model of “sustainable development” to balance economy, nature and mankind. This issue is especially urgent for the Far East, its northern part, as the nature there is highly vulnerable, the environment has a long recovery period; it is also characterized by permafrost and more expensive resources. At the same time, the number of natural resource mining projects is on the rise. They inflict permanent damage on the environment. Therefore, selection of investment projects and evaluation of their effectiveness from the point of view of not only commercialization, but also of minimization of consequences for the environment is the most urgent issue. The purpose of this article is to develop approaches to the evaluation of investment efficiency taking into account environmental factors. Various methods were used throughout the study, such as comparison, methods of mathematical modelling in economics, induction, and generalization. The article describes three stages of evaluation of how investment projects affect the environment to evaluate projects from the point of view of their impact on the environment. This allows classifying projects by their impact on the nature and determine economic effect with or without consideration of environmental impact. A clarified method based on classification features of investment projects for analyzing investment efficiency was proposed. The author proposed a method of calculating indicators of environmental-economic effectiveness taking into account inflicted (or possible) environmental damage.