Green Economy’s Prospects in Russia: Case of Baikal Area

Transition to a green economy is one of key directions of Russian modernisation. According to the “eastern vector” of the Russian economy, principles of a green development are crucial for regions of Eastern Siberia, one of which is the Baikal area. Actual directions of economic activities are a mining industry on a base of polymetallic ore fields, and a touristic industry in a frame of Special Economic Zone “Baikal haven”. Economic growth is a necessary condition for improvement of living standards of the local population, but environmental and economic indicators of these development directions differ considerably. Transition from traditional economic indicators, oriented on consumption, to effective development, focused on preserving of ecological services of natural landscapes, is one of the most important issues of green economy in a practice. This article considers perspective directions of economic development within the Republic of Buryatia as a part of the Baikal Natural Area, and evaluates possibilities of transition to a green economy