The role and significance of environmental safety in the system of ensuring the state’s economic security

Abstract

Aim. To study the theoretical foundations of the state’s ecological security as a structural element of the system of ensuring the states’s economic security. To analyze its basic indicators within the framework of theoretical economic science. To determine the main trends in the dynamics of the main indicators of environmental safety in the economic sphere.Material and Methods. The study was conducted using such theoretical research methods as analysis, deduction and the method of extrapolation in statistical analysis.Results. The authors propose to consider environmental safety as an integral part of economic security. In our opinion, it is important to prevent such negative trends as a further reduction in investments in fixed assets aimed at environmental protection, an unjustified increase in the coefficient of environmental protection costs, a decrease in the investment attractiveness of environmental projects, and an increase in environmental crime, in the context of the aggravation of the global financial crisis, the imposition of foreign economic sanctions on our country and the deployment of new waves of the COVID‐19 pandemic. The actions of negative factors and risks in the field of ensuring environmental safety can become a negative condition in restraining the socio‐economic development of the state and economic security.Conclusion. The improvement of state regulation of the sphere of environmental safety will provide an opportunity to improve the environmental situation in the long term and will create prerequisites for sustainable socio‐economic development of the state.

Keywords

• environmental safety
• economic security
• investment in fixed assets
• investment flow
• coefficient of environmental protection costs