经济泡沫和泡沫经济的区别
Recently, investments in projects that provide an opportunity not only to earn but also have a positive impact on the environment have become increasingly popular. The transition to green investment is considered to be of great importance in the fight against climate change, reducing greenhouse gas emissions, water pollution, deforestation, and sustainable development of the environment.
最近，对不仅提供赚钱机会而且对环境产生积极影响的项目的投资也越来越受欢迎。 人们认为，向绿色投资过渡在应对气候变化，减少温室气体排放，水污染，森林砍伐以及环境的可持续发展方面至关重要。
Is this a stable strategy and can we really measure its results?
这是一个稳定的策略，我们真的可以衡量其结果吗？
环保高峰：对清洁能源的投资 (Green Rush: Investments in Clean Energy)
The development of technology and the increase in demand for green electricity open up new perspectives for investors. To simplify their task in search of truly environmentally useful projects, popularizing the green economy and, as a result, the natural development of financial markets in this direction, so-called green investment funds began to appear. Investment funds, green projects, SMEs, and other companies that are related to environmentally friendly activities are becoming responsible and conscious about climate change.
技术的发展和对绿色电力需求的增长为投资者开辟了新的前景。 为了简化他们的任务，以寻找真正对环境有益的项目，推广绿色经济，并因此推动金融市场朝着这个方向自然发展，所谓的绿色投资基金开始出现。 与环保活动有关的投资基金，绿色项目，中小企业和其他公司正在对气候变化负责并意识到这一点。
A green investment fund can be a targeted tool for SME sustainability, companies involved in environmentally-friendly businesses. Different types of green funds have different goals, sources of financing, investment strategies, and organizational structure, but the main thing for all of them is the investment goal, which will guide such a fund and its strategy, aimed, as noted above, on environmentally friendly investment activities.
绿色投资基金可以作为中小企业可持续发展的有针对性工具，参与环保业务的公司。 不同类型的绿色基金具有不同的目标，融资来源，投资策略和组织结构，但是对所有这些人而言，最主要的是投资目标，这将指导该基金及其策略，如上所述。环保投资活动。
So, currently, green financing is becoming an integral component of achieving global and national goals of sustainable development and the formation of a green economy. However, there is a risk that instead of a long-term strategy, another bubble will inflate in the industry. The world already had an information technology bubble in 2001 and a financial bubble in 2008. Now, researchers assume that the next one will be connected with alternative energy sources.
因此，目前， 绿色融资已成为实现全球和国家可持续发展目标以及形成绿色经济的重要组成部分。 但是，存在风险，而不是长期战略，该行业将再次膨胀。 世界已经在2001年经历了信息技术泡沫，在2008年经历了金融泡沫。现在，研究人员认为下一个泡沫将与替代能源联系在一起。
拐错弯？ (Wrong Turn?)
Green topics in macroeconomics unite a wide range of scientific papers. It should be noted, though, that despite a common positive and optimistic view of researchers on the development of green financing, there are opponents of such a theory and practice who argue that it is advisable to separate the areas of reform and prioritize the solution of global and local problems. In their opinion, it is necessary to answer first financial and economic challenges, and then move on to climatic and environmental issues and projects.
宏观经济学中的绿色主题汇集了广泛的科学论文 。 但是，应该指出的是，尽管研究人员对绿色融资的发展持积极乐观的看法，但反对这种理论和实践的人认为，建议分开改革领域并优先考虑解决方案。全球和本地问题。 他们认为，有必要先解决金融和经济挑战，然后再解决气候和环境问题与项目。
Despite the particular interest shown by theorists and practitioners around the world (including the structures of the global reformer, national authorities, etc.) in green finance and responsible investment, questions about the relationship of benefits and threats from the global spread of green financing, as well as the effectiveness of its application for solving relevant global problems, timely consideration of the features and assessment of the pace and prospects of greening, remain open.
尽管世界各地的理论家和实践者(包括全球改革者，国家主管部门等)对绿色金融和负责任的投资表现出了特别的兴趣，但对绿色金融在全球范围内传播的收益与威胁之间的关系提出了疑问，以及应用其解决相关全球问题的有效性，适时考虑其特点以及评估绿化的步伐和前景等方面，仍未解决。
The main problem is that huge funds are being invested in presumptuous, but blank R&D trials and many scientists fear that this is where the green industry has taken the wrong turn.
主要问题是巨额资金被投入到冒昧的研发试验中，许多科学家担心这是绿色产业走向错误的地方。
The puzzle is why so much money is spent on the search for new technologies, while the existing ones are being ignored?
令人困惑的是，为什么要花这么多钱来寻找新技术，而忽略现有技术呢？
Is there another way that allows us to seize the moment at a lower cost?
还有其他方法可以使我们以较低的成本抓住时机吗？
Yes, there is. Instead of comparing innovations with brand-new R&D programs, we should re-examine the hidden potential of those solutions that already exist on the market. For instance, if we apply steam technology to a new green space of opportunity, we may receive significant benefits at a reduced cost. The idea is to use what is available right now and not spend precious resources on finding something new that might or might not be helpful.
就在这里。 与其将创新与全新的研发计划进行比较 ， 不如重新审视市场上已有解决方案的潜在潜力。 例如，如果我们将蒸汽技术应用于新的机会绿色空间，我们可能会以降低的成本获得显着的收益。 这个想法是使用现在可用的资源，而不是花费宝贵的资源来寻找可能有用或无效的新东西。
We need to understand that even if climate change science becomes more popular and we continue conducting new research, it will not lead to a transformation of the global energy economy. The resources necessary to carry out R&D are huge and would bring many more results if they were spent on real-time solutions.
我们需要了解，即使气候变化科学变得越来越流行并且我们继续进行新的研究，也不会导致全球能源经济的转型。 进行研发所需的资源是巨大的，如果将其用于实时解决方案，将会带来更多的结果。
A transformation will not be obtained in the course of constant attempts to discover new technologies. What we have right now is that the more the understanding of the complexity of changes in the climate system grows, the more uncertainties appear about the effects of green investing. So, perhaps, the industry should shift its focus from research to action.
在不断尝试发现新技术的过程中将无法获得转换。 我们现在所拥有的是，对气候系统变化复杂性的理解越多，关于绿色投资效果的不确定性就越大。 因此，也许行业应该将其重点从研究转移到行动。
投资者的剩余风险 (Remaining Risks for Investors)
We should mention the risks associated with investments in clean technologies. Firstly, there are a number of circumstances that may slow down the pace of development of this sector in case of:
我们应该提到与清洁技术投资相关的风险。 首先，在以下情况下，有许多情况可能会减慢该部门的发展速度：
- a major economic downturn occurs, governments will be forced to cut their financial support for green energy 发生重大经济衰退时，政府将被迫削减对绿色能源的财政支持
- there is a steady decline in fossil energy prices, then support for renewable sources will be too expensive 化石能源价格持续下跌，那么对可再生能源的支持将过于昂贵
- current concerns about climate change, especially in the US, lose their edge, this could hit the popularity and relevance of renewable energy. 当前对气候变化的担忧，尤其是在美国，失去了优势，这可能会打击可再生能源的普及和相关性。
Secondly, there are risks due to which the return on investments in the green energy sector may decrease:
其次，绿色能源部门的投资回报可能会因此而降低：
reduction of gross profit of participants in the production and commercial chain (as it happened with a shortage of silicon, due to which the production of solar panels had risen in price and, accordingly, their purchase prices had also risen)
生产和商业链参与者的毛利减少(由于硅短缺 ，太阳能电池板的生产价格上涨，因此其购买价格也上涨了)
- unstable profitability due to changes in regulation, fluctuations in electricity and coal prices or the introduction of green certificates in some markets 由于法规变化，电力和煤炭价格波动或某些市场推出绿色证书，导致盈利不稳定
- faster than expected growth in coal production and supply, able to lower coal and electricity prices. 煤炭生产和供应的增长快于预期，能够降低煤炭和电力价格。
To confront these risks, investors need to use various financial instruments, and diversify the production of electricity from renewable sources, developing various technologies in different territories. Investors should also have a detailed understanding of value chains in the field of green energy.
为了应对这些风险，投资者需要使用各种金融工具，并使可再生能源发电多样化，在不同地区开发各种技术。 投资者还应该对绿色能源领域的价值链有详细的了解。
最后的话 (Final Word)
Today, the need for environmental policy reform is more obvious than ever. It requires us to force values upon brands and put these lessons at the heart of the new “green” climate movement. There’s no doubt that renewable energy is a long-term investment in new and promising sectors.
今天，环境政策改革的需求比以往任何时候都更加明显。 它要求我们将价值观强加给品牌 ，并将这些经验教训置于新的“绿色”气候运动的核心。 毫无疑问，可再生能源是对新兴行业的长期投资。
For many years, clean technologies have been used very little: they were too expensive to turn from a dream into a reality. And now we see as the industry is oversaturated with funds. But, does it really help it to progress?
多年以来，很少使用清洁技术：它们太昂贵了，无法从梦想变成现实。 现在，我们看到该行业的资金已经饱和。 但是，这真的有助于它前进吗？
经济泡沫和泡沫经济的区别
