The place and role of insurance in shaping a “greenˮ economy
The paper implements an institutional and functional approach to determining the place and role of insurance in shaping a “green” economy. The ways of integrating it as a constituent element of the financial system have been considered. The views of scientists involved in various aspects of modellin...
Saved in:
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Publishing House of the State University of Management
2021-12-01
|
| Series: | Вестник университета |
| Subjects: | |
| Online Access: | https://vestnik.guu.ru/jour/article/view/3156 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1832541651072974848 |
|---|---|
| author | M. N. Stepanova |
| author_facet | M. N. Stepanova |
| author_sort | M. N. Stepanova |
| collection | DOAJ |
| description | The paper implements an institutional and functional approach to determining the place and role of insurance in shaping a “green” economy. The ways of integrating it as a constituent element of the financial system have been considered. The views of scientists involved in various aspects of modelling the “green” economy on the functional utility of insurance have been summarised. The use of the term “green insurance” and the meanings it implies have been analysed. The author has concluded that the relevant concept of “green insurance” is not yet so unambiguous that it can be used as a scientific concept. Another important conclusion that has been brought up for discussion is that the potential of insurance as a risk management tool within the green economy strategy is not to be confined to environmental insurance, but should be considered in expanding its scope of application to include both the fuller coverage of risk carriers and the range of potential hazards. |
| format | Article |
| id | doaj-art-ea0231a5b67c4f82954f14cbac476e39 |
| institution | Kabale University |
| issn | 1816-4277 2686-8415 |
| language | English |
| publishDate | 2021-12-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj-art-ea0231a5b67c4f82954f14cbac476e392025-02-04T08:28:10ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152021-12-0101014715410.26425/1816-4277-2021-10-147-1542182The place and role of insurance in shaping a “greenˮ economyM. N. Stepanova0Baikal State UniversityThe paper implements an institutional and functional approach to determining the place and role of insurance in shaping a “green” economy. The ways of integrating it as a constituent element of the financial system have been considered. The views of scientists involved in various aspects of modelling the “green” economy on the functional utility of insurance have been summarised. The use of the term “green insurance” and the meanings it implies have been analysed. The author has concluded that the relevant concept of “green insurance” is not yet so unambiguous that it can be used as a scientific concept. Another important conclusion that has been brought up for discussion is that the potential of insurance as a risk management tool within the green economy strategy is not to be confined to environmental insurance, but should be considered in expanding its scope of application to include both the fuller coverage of risk carriers and the range of potential hazards.https://vestnik.guu.ru/jour/article/view/3156green insuranceenvironmental insurancegreen economygreen financeinsuranceinsurance developmentenvironmental risksenvironmental risk managementproject financing |
| spellingShingle | M. N. Stepanova The place and role of insurance in shaping a “greenˮ economy Вестник университета green insurance environmental insurance green economy green finance insurance insurance development environmental risks environmental risk management project financing |
| title | The place and role of insurance in shaping a “greenˮ economy |
| title_full | The place and role of insurance in shaping a “greenˮ economy |
| title_fullStr | The place and role of insurance in shaping a “greenˮ economy |
| title_full_unstemmed | The place and role of insurance in shaping a “greenˮ economy |
| title_short | The place and role of insurance in shaping a “greenˮ economy |
| title_sort | place and role of insurance in shaping a greenˮ economy |
| topic | green insurance environmental insurance green economy green finance insurance insurance development environmental risks environmental risk management project financing |
| url | https://vestnik.guu.ru/jour/article/view/3156 |
| work_keys_str_mv | AT mnstepanova theplaceandroleofinsuranceinshapingagreenˮeconomy AT mnstepanova placeandroleofinsuranceinshapingagreenˮeconomy |