Implementing the «green» agenda in housing market: Russian and Chinese experience

One of crucial issues at present is sustainable development of national economy and its industries. For a long time, construction has caused significant damage to the environment. At a certain period the leadership of countries clearly understand that actions are needed to prevent the negative impact. The purpose of the study is to formulate recommendations for strengthening the implementation of the «green» agenda in the housing market adapting foreign experience. To achieve this goal, the authors assess the implementation of «green» agenda in Russia, the main instruments for its financing that have become widespread, and determine what foreign experience can be used by our country to improve the implementation of this agenda. The study analyzes the experience of China, since strengthening cooperation between our countries allows us to consider the areas of interaction in the housing markets within the framework of financing transactions in them. In China, the housing market ensures country’s economic growth which is especially important for Russia. Ensuring cooperation between Russia and China in the field of housing construction and attracting investment in this industry to solve the housing problem seems important. The study is based on such methods as analysis, comparison, synthesis, systematization. The author offers recommendations to increase the efficiency of implementing «green» agenda in Russia, introducing elements of China’s experience in Russian financing transactions in the housing market in the context of ESG transformation. The dissemination of «green» financing of the industry will expand the list of «green» financial instruments for participants in the housing market. This will generally improve the efficiency of Russian developers and will contribute to achieving carbon neutrality.