Practice of using Green Industrial Policy tools

Abstract

The article illustrates the significance of the transition to “green” industry to support the country’s high levels of competitiveness in the fourth industrial revolution, as well as the practice of using industrial policy instruments by countries of different levels of development to stimulate environmentally-friendly industries. The article examines direct administrative measures - legal standards and indirect market instruments, which include taxes, subsidies and other measures to stimulate the demand and supply of green industries, are considered. The authors’ conclusions are illustrated by practical examples demonstrating the effectiveness of the use of different tools of “green” industrial policy in Russian and international practice.