The system of integral parameters for pairwise assessment of the region’s sustainable development for low-carbon economy

Abstract

Sustainable development issues are becoming more and more relevant on the agenda of both global community and regional development, which is reflected in the performance indicators of different regions. However, these indicators need macroanalytical tools to substantiate the parameters of socio-economic, ecological-economic, and socio-ecological components in the region’s sustainable development for low-carbon economy. This article examines the socio-ecological and economic system of indicators used at different levels of the economic system, as well as the methodology for selecting and calculating these indicators to assess the level of sustainable development. The purpose of the study is to develop an assessment methodology for socio-ecological and economic consequences of low-carbon economy for the regions. The operational hypothesis of the study was that socio-ecological and economic situation in the region could be improved by designing a methodology for economic assessment of gas emissions and less gas emission during repairs at the linear pipeline section. The latter can be achieved by generating gas from the repaired section with a portable compressor station. The research shows how to develop a system of indicators aimed at assessing the projects’ effectiveness for sustainable development and the economic model of low-carbon economy. The paper describes the methodology for a comprehensive assessment of the impact of project activities on the regional index of sustainable development. The work originates from studies in sustainable development, socio-economic forecasting of regional development and the application of macroeconomic analysis to assess the performance indicators of the development of socio-economic systems. The methods of index estimates were used to construct a comprehensive indicator of sustainable development, and the method of econometric modeling was applied to assess the reliability of the results and forecasting. The methodological significance of the results lies in the development of a methodology for the economic assessment of emission levels. The approach outlined by the authors and its results can be used by scientists and methodologists in forecasting socio-economic development of regions under sustainable development goals. Keywords: sustainable development, region’s socio-economic development forecast, low-carbon economy concept, region’s sustainable development index