---

Journal of Environmental Accounting and Management 8(3) (2020) 281--292 | DOI:10.5890/JEAM.2020.09.006

Maxat Kalikov, Bakytnur Zh. Uteyev$^{1}$, Aiman Khajieva$^{2}$, Uldana A. Torekulova$^{3}$

$^{1}$ Department of Finance and Accounting, University of International Business, Almaty, Republic of Kazakhstan

$^{2}$ Department of Management, Economics and Law in Health, Kazakh Medical University of Continuing Education, Almaty, Republic of Kazakhstan

$^{3}$ Department of Management and Business, University of International Business, Almaty, Republic of Kazakhstan

Download Full Text PDF

 

Abstract

The aim of the paper is to analyse the green economy as a paradigm of sustainable development of the Republic of Kazakhstan. The paper found that the use of alternative energy is an integral part of the development of the green economy. It is determined that the total capacity of renewable energy sources in the world until 2024 will increase by 50%. The necessary elements of the transition to the green economy are the development of new financial instruments, namely, payments for ecosystem services, green banking, stocks and bonds, markets for the sale of intellectual property in environmental technologies.

References

1. [1]	Arbabzadeh,M., Johnson, J.X., Keoleian, G.A., Rasmussen, P.G., and Thompson, L.T. (2016), Twelve principles for green energy storage in grid applications, Environmental Science and Technology, 50(2), 1046-1055.

2. [2]	Aytzhanova, D. (2016), Adaptation of world experience of transition to the principles of “green” economy to the conditions of the Republic of Kazakhstan, Industry of Kazakhstan, 1, 13-17.

3. [3]	Belik, I.S. and Pryakhin, D.A. (2013), Social and ecological component of the sustainable development of region, Economy of Region, 3, 142-151.

4. [4]	Bhowmik, C., Bhowmik, S., and Ray, A. (2018), Social acceptance of green energy determinants using principal component analysis, Energy, 160, 1030-1046.

5. [5]	Bhowmik, C., Dhar, S., and Ray, A. (2019), Comparative analysis of MCDMmethods for the evaluation of optimum green energy sources, International Journal of Decision Support System Technology, 11(4), 1-28.

6. [6]	Development Strategy of Kazakhstan until 2030. (1997), Available from: http://tarih-begalinka.kz/ru/history/independent/ history/page3385/.

7. [7]	Jianzhong, X.U., Assenova, A., and Erokhin, V. (2018), Renewable energy and sustainable development in a resource-abundant country: Challenges of wind power generation in Kazakhstan, Sustainability (Switzerland), 10(9), Article number 3315.

8. [8]	Karatayev, M. and Clarke, M.L. (2016), A review of current energy systems and green energy potential in Kazakhstan, Renewable and Sustainable Energy Reviews, 55, 491-504.

9. [9]	Keramitsoglou, K.M., Mellon, R.C., Tsagkaraki, M.I., and Tsagarakis, K.P. (2016), Clean, not green: The effective representation of renewable energy, Renewable and Sustainable Energy Reviews, 59, 1332-1337.

10. [10]	Klavdienko, V.P. (2012), Innovations and greening of Chinas economy, Theoretical and Practical Aspects of Management, 4, 16-24.

11. [11]	Lavrinenko, O., Ignatjeva, S., Ohotina, A., Rybalkin, O., and Lazdans, D. (2019), The role of green economy in sustainable development, Entrepreneurship and Sustainability Issues, 6(3), 1113-1126.

12. [12]	Moriarty, P. and Honnery, D. (2019), Ecosystem maintenance energy and the need for a green EROI, Energy Policy, 131, 229-234.

13. [13]	Mundaca, L. andMarkandya, A. (2016), Assessing regional progress towards a “Green energy economy”, Applied Energy, 179, 1372-1394.

14. [14]	Mundaca, L., Neij, L., Markandya, A., Hennicke, P., and Yan, J. (2016), Towards a green energy economy? Assessing policy choices, strategies and transitional pathways, Applied Energy, 179, 1283-1292.

15. [15]

    Nurekeshov, T., Mukasheva, A., Bekisheva, S., and Khassenov, M. (2018), The problem of providing legal groundwork for the balance of traditional and alternative energy development in the context of Kazakhstan’s shift to green energy, Journal of Advanced Research in Law and Economics, 9(5), 1716-1728.

16. [16]	Nurgaliyeva, K.O., Amirova, A.U., and Nurtazinova, A.S. (2018), The green economy in market-oriented countries, Journal of Environmental Management and Tourism, 9(5), 1029-1039.

17. [17]	Oncel, S.S. (2017), Green energy engineering: Opening a green way for the future, Journal of Cleaner Production, 142, 3095-3100.

18. [18]	Onyusheva, I., Ushakov, D., and Van, H.T. (2018), The eco-problems and green economy development in Kazakhstan, International Journal of Energy Economics and Policy, 8(2), 148-153.

19. [19]	Shah, K.U., Arjoon, S., and Rambocas, M. (2016), Aligning corporate social responsibility with green economy development pathways in developing countries, Sustainable Development, 24(4), 237-253.

20. [20]	Stucki, T. (2019),Which firms benefit from investments in green energy technologies? Research Policy, 48(3), 546-555.

21. [21]	Sun, H., Edziah, B.K., Sun, C. and Kporsu, A.K. (2019), Institutional quality, green innovation and energy efficiency, Energy Policy, 135, Article number 111002.

22. [22]	Yashalova, N.N. (2014), Development of green economy indicators at the regional level, National Interests: Priorities and Security, 40(277), 26-34.

23. [23]	Zomonova, E.M. and Gomboev, B.O. (2012), “Green” economy is the agenda of the United Nations conference on sustainable development (Rio +20), Bulletin of the Buryat State University, Economics and Management, 1, 96-109.