Doing Business for Green Economy - EN


Our world is changing. Climate change is already having a noticeable impact on various aspects of our lives. Enterprises and society as a whole recognize the need to take responsibility for the sustainable management of their companies and their way of life. The political environment - globally, nationally and regionally - is changing the framework for doing business and setting ambitious goals for carbon neutrality.
The answer to these challenges is impossible without innovation in everything: in technologies of various industries, social development and design, financial innovation, new public policy tools, etc.
Renewable energy technologies reach advanced stages of technological maturity. Digital technologies change business models and even society. It makes us seriously talk about the circular economy or the sharing economy. Startups develop innovative solutions for agriculture, and cities invest in green infrastructure and modern mobility concepts. Companies report on their environmental and social impact and develop responsible supply chains in highly internationalized operations. Business changes are inevitable and more important than ever, and business leaders are already forming a demand for decision-making skills within the new – «green» - economy.
The Faculty of Economics of NSU offers a unique - the first in Russia - master's program in English in doing business for a green economy. Interdisciplinary approach, combination of theoretical and instrumental courses, involvement of researchers and practitioners form a systematic understanding of contemporary problems and challenges that determine the context of decision-making both in business, public and non-profit sectors. Research work and project activities in teams provide skills in research and management tools, forms soft competences of teamwork, communication, creative thinking, ability and readiness to learn. Students and experts from around the world bring the global agenda straight to the classroom.

Program goal

To equip managers with tools for analysis and decision making under a global challenge of climate change and following shift to a green economy. The graduates of the program will be not only capable of making decisions in new conditions, they are supposed to form an active and proactive business attitude in response to new challenges and contribute to the achievement of sustainable development and carbon neutrality goals.

For whom?

For graduates of all bachelor’s programs of the Department of Economics, NSU who are interested in gaining knowledge and skills in the field of management and business development to work as a manager of a sustainable corporation or a medium / large company that adheres to the principles of sustainable development and green economy, to create their own business in the field of green economy, to work in institutions in the field of economic and environmental development.


For graduates of bachelor’s programs from other faculties (departments) of NSU and other universities interested in building competencies in the economic, social, environmental and climatic fields of knowledge, including in obtaining and developing skills in the use of modern tools for analysis and doing researches in the financial and economic sphere.


For current managers, heads of business firms (SMEs) and large corporations, development professionals from the private sector, as well as employees of various government agencies who want to supplement or update their own knowledge and skills with an emphasis on sustainable development and a green economy.

Duration of study

Two academic years

Language of instruction


Conceptual scheme of the program

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The program combines a modern research base with a business perspective. We are convinced that future managers need to understand the world and the context in which they operate before implementing viable solutions. Based on an understanding of environmental challenges, the program covers economic, social and political aspects related to sustainable development and the formation of a green economy. Just as sustainability is based on the concept of triple bottom (three foundations): economic, environmental and social, understanding these foundations forms the philosophy, strategy and tactics of doing business, embodied in the principles of ESG. This is how the main content blocks of the program are formed: 

Level 1

Therefore, the program begins with an introduction to sustainable development research and the natural sciences of climatology and ecosystems (Environment). Along with an initial introduction to economics and management for sustainable management, the master examines the economic perspective of resource exploitation and emission control, on the basis of which government regulations (Governance - Economics and Management) are formed. Thus, the emphasis moves to the social area: politics, values, lifestyle form the perspective of management, given changing social and political priorities (Society).

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Level 2

All this makes it possible to form approaches to management from the standpoint of sustainable development and a green economy, to master various tools: green finance, green markets, including carbon markets, green marketing, technologies and ways to reduce the carbon footprint.

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Program structure

 First year, Fall Semester
Obligatory courses (5 disciplines) Credits

Ecological and climate Change


Energy Economics and Climate Policy


Corporate Finance


Applied Statistical Analysis for managers


Sociology of Public Opinion

Courses at the choice of the student (1 of 2 disciplines)

Project Analysis

Economics of the Environment and Natural Resorses
 First year, Spring Semester
Obligatory courses (3 disciplines)
Contemporary Strategic Analysis

National and International Climate Policy

International Energy Policy
Courses at the choice of the student (3 of 5 disciplines)

Corporate Social Responsibility and Business Ethics


Digital Transformation and Big Data Analysis


Carbon utilization projects and technologies


Responsible consumption and other forms of civil participation


Environmental Management

 Second year, Fall Semester
Obligatory courses (3 disciplines)

ESG strategies and Non-Financial Reporting


Carbon Footprint Calculating and Management


Green Finance

    Courses at the choice of the student (3 of 5 disciplines)

Enterprise Risk Management


Applied Quantitative Methods


Corporate Law


Managing Innovations


International Energy Markets

 Second year, Spring Semester
    Courses at the choice of the student (2 of 3 disciplines)

Green Marketing


Ecologization of Economies

Social Aspects of Energy Consumption
Thesis Defense


The master's program includes 3 types of practices throughout the entire learning process: 

  • Educational practice (research work) - scientific seminars with discussion of articles and researches of students and visiting researchers. 
  • Occupational practice (research work) - individual student’s research work from choosing a topic, supervisor to defending a master's thesis. 
  • Occupational practice (design and technological) - team work on green projects within the framework of the «Green Campus» initiative, such projects as the NSU carbon farm, projects related to the NSU Climate Center, partner organizations.

Training base

The Institute of Economics and Industrial Engineering (Siberian Branch of Russian Academy of Science) iis considered as a base for research activity at the faculty of Economics. Most lecturers are full-time researchers at the IEIE SB RAS.

Fees and Financial support

Tuition fees

Tuition fees is U.S. $5200 per year.


Every year foreign students have an opportunity to apply for the Russian Government Scholarship Program

Benefits: full tuition, monthly stipend
Application deadline: depends on the country of applicant

You also have an opportunity to participate in the "Open Doors” Russian Scholarship Project and win a full scholarship to study Master’s program.

Benefits: full tuition, monthly stipend.

Career opportunities

Graduates of the master's program «Doing Business for Green Economy» of the Economics Department, NSU can become valuable employees of various organizations and institutions in the field of finance, management and development. The specifics of the program provide up-to-date skills and knowledge in the field of effective management within the framework of sustainable development, resource conservation and environmental protection, and the project orientation of the program practices as a whole creates additional advantages for graduates in the labor market. As a rule, they become managers, CEOs of large and medium-sized companies as they are well-oriented not only in economic but also psychological and sociological aspects of business. But our graduates can also build their careers in government institutions (for example, the Department of Economic Development, Federal agencies of water / forest resources, subsoil use, etc.), in consulting companies (BCG, McKinsey, Bain) and other commercial and non-profit organizations (Center environmental policy of Russia, environmental centers, etc.).

Entrance requirements

  • Copy of the 1st page of your travelling passport with your personal data
  • Legalized (if required) educational certificate
  • Legalized (if required) academic transcripts (transcript of record, university degree/s, diploma supplements)
  • 2 photos
  • English language course marks sheet/TOEFL certificate or other international certificates (in case English is not your mother tongue and your previous education wasn't in English)
  • Curriculum Vitae
  • Motivation Letter (1-2 pages)
  • Medical certificate of overall health condition
  • HIV + AIDS certificates

Note! For enrollment you have to submit both original and notarized Russian translations of the required documents to the NSU Admission Office.

Application deadlines

Till August 6 fill the application form and provide full set of scanned documents