ENVIRONMENTAL SUSTAINABILITY OF THE IVANOVO REGION: ANALYSIS OF MACROECONOMIC INDICATORS

Abstract

The article analyzes the macroeconomic indicators of the region in its environmental sustainability light. The paper clarifies the concept and characteristics of a favorable environment as a mixed public good, points to the spatial characteristics of this good. The conflicting nature of achieving goals between economic development and a favorable environmental situation is revealed, the need to take them into account when making decisions in economic and environmental policy is revealed. The relatively favorable ecological situation is the result of the low development of the region's economy. During the period under review, there is a significant lag in the dynamics of trapped and neutralized harmful substances and the total amount of outgoing pollutants. Correlation analysis showed a direct noticeable relationship between economic growth and environmental pollution - with the growth of production volumes, the percentage of pollution increases, while economic growth does not affect the state of environmental indicators in the direction of their improvement. This situation can be explained by the incentives lack for business entities and the consistent state policy in this area. Also, an analysis was made of the spending funds effectiveness on environmental protection measures, which showed their inefficiency - a decrease in the harmful substances capture occurred against the backdrop of an increase in spending on environmental protection. Environmental spending, in fact, is a built-in stabilizer that does not work in the conditions of the region. Thus, in order to achieve sustainable economic development and minimize the burden on the economy, the main emphasis should be placed on reducing pollution from non-stationary sources, and the development of the region's economy should be based on the widespread use of green technologies.