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Digest Finance
 

Developing the system of voluntary environmental certification of urban real estate items

Vol. 22, Iss. 1, MARCH 2017

PDF  Article PDF Version

Received: 2 November 2016

Received in revised form: 16 January 2017

Accepted: 3 February 2017

Available online: 15 March 2017

Subject Heading: INNOVATION AND INVESTMENT

JEL Classification: Q52, Q53

Pages: 33-49

https://doi.org/10.24891/df.22.1.33

Maslova S.S. Kuban State University, Krasnodar, Krasnodar Krai, Russian Federation
svetlanka_dib@mail.ru

Importance Emissions from transport cause environmental pollution growing into one of the most crucial environmental challenges for many Russian regions and the Krasnodar Krai in particular. Hence, there has been ever growing demand for environmentally sustainable housing and offices for recent decades worldwide.
Objectives The research examines how systems of voluntary certification of urban real estate items can be designed and implemented. The research illustrates the environmental situation in the Krasnodar Krai as a region with the considerable anthropogenic footprint.
Methods The research analyzes the environmental situation in the Krasnodar Krai, identifies why the existing standards fail to reduce the detrimental effect of transport on the environment. I also suggest what should be done to reinforce environmental security of the public. The research draws upon a bibliographic analysis, statistical and comparative analysis.
Results The research detects a rising trends in emissions from transport and designs organizational, economic and methodological principles of the regional system for voluntary environmental certification of urban real estate items.
Conclusions and Relevance The quality of fuel, productive oil refining capacities, age of motor vehicles and growing motorization precipitate the increasing pollution of air from transport. The article presents methods to assess the extent to which gas contamination can be reduced with greening, and proposes principles for the system of voluntary environmental certification of urban real estate items. The system is intended to boost the development of market mechanisms for additional greening of urban space and higher quality of urban environment.

Keywords: air pollution, fuel standards, urban greening, environmental certification, transport emissions

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