Impact of the global green factor on the capitalization of oil companies in Russia

Research background: This paper studies the impact of a new so-called green factor on the capitalization of petroleum companies, which is becoming highly relevant in view of the signing of the Paris agreements in 2015 and the support for clean energy. Although society, international organizations, and government authorities encourage companies to reduce their environmental impact, one of the main reasons for responsible behavior is still economic efficiency. The oil industry, on the one hand, faces one of the most volatile markets and, on the other hand, has one of the largest environmental impacts of any industry. That requires a detailed study of interconnections between market capitalization and the green factor. Purpose of the article: A comprehensive study of factors affecting the level of capitalization of oil and gas companies in Russia and identification of the most significant among them with a special focus on the green factor. Methods: Econometric analysis of panel data for Russian petroleum companies. The database includes indicators for six major Russian oil companies from 2011 to 2018. The following groups of factors are analyzed to explain the change in the companies' capitalization: macroeconomic (GDP and inflation in Russia), microeconomic (companies' revenue, net profit, tax payment, return on assets, return on equity, ratio of borrowed capital to equity), industrial (oil export, refining, production and proven reserves of the companies), and the green factor. Findings & Value added: The selection of factors showed that the size of capitalization has been influenced most significantly by the following: the volume of the company's proven reserves, net profit, tax burden, and the green factor based on the policy of minimizing environmental damage. This result shows that investors consider companies with high environmental performance to be more valuable than companies with similar financial results but lower environmental ratings

Contribution assessment of a technological factor to reducing CO

Currently, the economy should develop along an innovative way of development with an increase in the efficiency of the use of natural resources and a decrease in negative impacts on the environment to ensure stable economic growth and improve the quality of life of the population. The purpose of the study is to assess the environmental and energy effects that affect the environment and energy intensity in the country. The dynamics of greenhouse gas emissions in Russia are contemporaneously influenced by many different factors, such as the industry structure of the economy, the structure of the fuel and energy balance, the level of technological equipment, and the situation in world markets. Our analysis showed that the dynamics of CO2 emissions in Russia are determined primarily by the growth rates of the population’s well-being and by the growth of industrial production. At the same time, in the period 2000-2012, the effect of welfare growth was partially offset by a decrease in the energy intensity of the economy, but then the potential for reducing energy intensity due to changes in the structure of the economy was exhausted. The contribution of the technological factor is also insufficient. So for the period 2000-2017, the improvement of technologies in the field of heat and electric energy production from fossil energy sources made it possible to reduce CO2 emissions by only 33 million tons. Another significant constraint to the transition to a low-carbon trajectory of development is the low rate of implementation of energy-saving technologies in the production of energy-intensive industrial products, maintenance of residential and public buildings

Economic assessment of a complex of measures for the remediation of the territory from technogenic impact

In this work, an economic assessment of environmental damage to water and land resources is calculated, and the cost of a project for the reclamation of destroyed lands within the territory of the Komsomolsk gold recovery plant is determined. The object of the study is directly the territory of the enterprise, which is located in the Tisulsky municipal district of the Kemerovo region. According to our calculations, the total assessment of environmental damage from the plant’s activities amounted to 458 million rubles, of which: 294 million rubles – accumulated environmental damage from water pollution; 164 million rubles – accumulated environmental damage from soil pollution in the surrounding area. The cost estimate of the destroyed land reclamation project amounted to 716.7 million rubles. At the same time, income from the sale of equipment and gold mined in the territory of the tailing dump reaches 3916 million rubles

3D organotypic cell structures for drug development and Microorganism-Host interaction research

Introduction: The article describes a new method of tissue engineering, which is based on the use of three-dimensional multicellular constructs consisting of stem cells that mimic the native tissue in vivo – organoids. 3D cell cultures: The currently existing model systems of three-dimensional cultures are described. Characteristics of organoids and strategies for their culturing: The main approaches to the fabrication of 3D cell constructs using pluripotent (embryonic and induced) stem cells or adult stem cells are described. Brain organoids (Cerebral organoids): Organoids of the brain, which are used to study the development of the human brain, are characterized, with the description of biology of generating region-specific cerebral organoids. Lung organoids: Approaches to the generation of lung organoids are described, by means of pluripotent stem cells and lung tissue cell lines. Liver organoids: The features of differentiation of stem cells into hepatocyte-like cells and the creation of 3D hepatic organoids are characterized. Intestinal organoids: The formation of small intestine organoids from stem cells is described. Osteochondral organoids: Fabrication of osteochondral organoids is characterised. Use of organoids as test systems for drugs screening: The information on drug screening using organoids is provided. Using organoids to model infectious diseases and study adaptive responses of microorganisms when interacting with the host: The use of organoids for modeling infectious diseases and studying the adaptive responses of microorganisms when interacting with the host organism is described. Conclusion: The creation of three-dimensional cell structures that reproduce the structural and functional characteristics of tissue in vivo, makes it possible to study the biology of the body’s development, the features of intercellular interactions, screening drugs and co-cultivating with viruses, bacteria and parasites

Abstracts of The Second Eurasian RISK-2020 Conference and Symposium

This abstract book contains abstracts of the various research ideas presented at The Second Eurasian RISK-2020 Conference and Symposium.The RISK-2020 Conference and Symposium served as a perfect venue for practitioners, engineers, researchers, scientists, managers and decision-makers from all over the world to exchange ideas and technology about the latest innovation developments dealing with risk minimization