scholarly journals MECHANISMS OF INVESTMENT SUPPORT FOR SCALING ECO-INNOVATIONS FOR SUSTAINABLE DEVELOPMENT

2021 ◽  
Vol 2021 (2) ◽  
Author(s):  
O.V. Shkarupa ◽  
A.S. Ignatchenko ◽  
K.A. Vlasenko
Keyword(s):  
Sustainable Development ◽  
Financial Support ◽  
Statistical Data ◽  
Private Investment ◽  
Scaling Up ◽  
Government Support ◽  
Positive Trend ◽  
Optimal Conditions ◽  
Industrial Enterprises ◽  
Green Investments

The article examines the issues of financial support for eco-innovations in Ukraine. The problems of scaling up projects for the implementation of eco-innovations in the context of sustainable development of Ukraine are theoretically substantiated. The problems and directions of improvement of innovative activity in Ukraine in the sphere of implementation of "green" projects have been identified. Based on the analysis of statistical data on the development of environmentally innovative activities, the trends of financial support for eco-innovation at industrial enterprises have been identified. Based on the study of the statistical reporting of Ukraine, it was determined that the growth of eco-innovations does not occur, and the financing of eco-innovative activities occurs mainly at the expense of enterprises' own funds. It was found that investment support for the implementation of eco-innovations does not have an established trend and is based on government support, and the system for encouraging private investment in green projects is not supported at the legislative level. This affects the efficiency of eco-innovation scaling processes in the country, provided that the financing of green projects is an important component of the innovative development of the business and public sectors. According to the results of the research, the mechanisms of regulation of eco-investments under the condition of optimal combination of normative-legal acts with economic means and methods of management are analyzed and offered. With effective government encouragement and provision of optimal conditions, the situation with investment support for eco-innovation can have a positive trend in the future. It has been established that when forming a mechanism for investment support for the implementation and scaling of eco-innovations, it is necessary to develop a system of standards, in particular in the context of the use of financial instruments for attracting "green" investments and investments in eco-innovations. It was revealed that the number of problems limiting investment support and the development of "green" financing includes both problems associated with the semantics of the terms "green" and eco-innovative, and problems characteristic of the development of financing of innovative projects in general (underdeveloped capital markets , discrepancy in terms of financing, etc.).

scholarly journals Substantiation of Expediency of Creation of Transport and Logistics Cluster in the Carpathian Economic Region

2021 ◽  
pp. 61-77
Author(s):  
H. Pushak ◽  
◽  
N. Trushkina ◽  
Keyword(s):  
Sustainable Development ◽  
Financial Support ◽  
Cluster Model ◽  
Private Investment ◽  
Transport Infrastructure ◽  
Transport Sector ◽  
Infrastructure Development ◽  
Economic Region ◽  
Logistics System ◽  
Regional Transport

It is proved that for balanced sustainable development of the regional transport and logistics system it is expedient to develop a cluster model of organization of logistics activities in the economic region, which means a conceptual approach that involves the creation and operation of transport and logistics cluster. The cluster model includes the following blocks: a single set of processes of logistics activities; members of the transport and logistics cluster that organize these processes; algorithm of cluster formation and functioning; mechanisms for forming partnerships of cluster members; financial support for cluster development; achieving a synergetic (economic, social and environmental) effect from the sustainable development of the transport and logistics cluster on the basis of stimulating the region. In order to form a transport and logistics cluster in the Carpathian economic region, it is necessary to create appropriate institutional conditions, which are: improving the legislative and regulatory framework for the development of the transport sector and the organization of logistics activities, taking into account the regional component; development of the Strategy of complex development of the regional transport and logistics system on the basis of modernization of the transport infrastructure; development and implementation of organizational and economic mechanism for managing the development of the transport and logistics system of the economic region using the tools of "green" logistics and digital technologies; Improving the mechanism of financial support for the development of transport and logistics system through the use of financial instruments such as venture capital, crowdfunding, international public-private partnership based on private investment, credit institutions, foreign investment resources, grants from international financial organizations, investment funds.

scholarly journals CURRENT STATUS AND PROBLEMS OF FINANCIAL PROMOTING OF SUSTAINABLE DEVELOPMENT OF AGRO-INDUSTRIAL SECTOR

2018 ◽  
pp. 104-116
Author(s):  
Oksana TULAY
Keyword(s):  
Sustainable Development ◽  
Financial Incentives ◽  
Financial Support ◽  
Industrial Sector ◽  
Agricultural Products ◽  
Financial Security ◽  
Investment Activity ◽  
The Sustainable Development ◽  
Industrial Enterprises ◽  
Stage Of Development

Introduction. At the current stage of development of the economy of Ukraine the agro-industry sector acts as a kind of locomotive and determines its volume, supply and value of the main types of food for the population. It greatly affects socio-economic development state, forming 14% of gross value added and more than 40% of exports of countries. Almost 90% of the food needs of the country's population satisfies for the expense of domestic production. Active development of the world markets for agricultural products requires the formation of an effective one mechanism of financial support of production and investment activity agro-industrial sector of Ukraine taking into account global sustainable goals development. Purpose. The purpose of the article is to find out the features, trends and problems of financial support for the sustainable development of the agro-industrial sector of the economy, substantiation of directions for its improvement Results. The article focuses on the issue of financial security of sustainable development of the agro-industrial sector of the economy, indicators that affect the volume of sales revenue enterprises of the agro-industrial sector. The structure of the sources of financial support of the enterprises of the agro-industrial sector is analyzed and positive and negative tendencies towards its formation are found out. The features of the formation and use of profit as the main source of formation of own capital of enterprises of the agro-industrial sector are analyzed. It is revealed that there is a tendency to decrease the profitability of indicators of enterprises negatively affects the financial security of their sustainable development. Conclusions. It is substantiated that in order to improve the system of financial support for the sustainable development of agro-industrial enterprises the sector needs: – to apply anti-crisis measures, which include the mechanism of the state financial incentives for socially responsible ecologically safe business entities; – to develop a mechanism for state financial incentives production of organic agricultural products; – to develop effective regional strategies for attracting investment resources taking into account the peculiarities of each region's development; – to develop an effective mechanism for lending agro-industrial the economy sector.

scholarly journals The Government Supporting Policy for Sustainable Development of Small and Medium Industrial Enterprises in Vietnam

2021 ◽  
Vol 4 (2) ◽  
Author(s):  
Do Hai Hung
Keyword(s):  
Sustainable Development ◽  
Government Support ◽  
Medium Size ◽  
The Sustainable Development ◽  
Factors Affecting ◽  
Industrial Enterprises ◽  
The North ◽  
Financial Factor ◽  
The Government ◽  
The Impact

In recent year, the issues of sustainable development in general and enterprise's sustainable development have always been given special attention by government management agency, including small and medium-size industrial enterprises. The study conducted a survey of 316 industrial SMEs in three regions of the North, Central and South of Vietnam with the main survey subjects being managers in enterprises. The main purpose of the study is to assess the impact of the goverment support policies compared to other factors developed in the research model affecting the sustainable development of small and medium-sized industrial enterprises (SMEs) in Vietnam. In this research, the authors employed exploratory factor analysis to identify 4 factors affecting the sustainable development of SMEs. The research results show that the government support policies have an important role but not strongly influence human resource factors, financial factor and social responsibility (SR) policies of enterprises in their sustainable development for industrial SMEs in Vietnam.

Renewable Energy in the East African Communitys and its Role in Sustainable Development

2018 ◽  
pp. 25-38
Author(s):  
Liudmila Kalinichenko
Keyword(s):  
Sustainable Development ◽  
Renewable Energy ◽  
Rural Areas ◽  
Security Policy ◽  
Private Investment ◽  
Policy Framework ◽  
Solar Pv ◽  
East African ◽  
Geothermal Resources ◽  
East African Community

The article analyses the role of renewable energy in the process of the development of the energy market of the East African Community (EAC) . The author underlines the necessity of finding solutions for such challenges as rising wood and charcoal prices, deforestation, lack of affordable and reliable electricity for a large number of consumers. The study reveals that nowadays the percentage of people with access to modern sources of energy is very low, varying from 7 % in Burundi to 36% in Kenya, although the EAC countries made significant progress in 2000s. Most people in rural areas rely on traditional biomass for cooking and heating, which leads to ecological and health problems. The author concludes that renewable energy development is considered by the Community as one of the prospective ways for providing energy to remote regions in view of abundant solar, wind and geothermal resources. Their strategy aims at the construction of micro and mini hydro stations, stand-alone solar PV systems and off-grids for rural population usage. The study shows that the investment in off-grid renewables has been steadily rising in recent times . Analyzing grid-connected power generation electricity, the author elicits that it is also based on renewable electricity, which accounts for 65% of the total amount. Kenya, with the highest installed capacity in this sector, is investing mainly in geothermal, solar and wind sources of energy, while the others are focusing on hydropower and solar. For the purpose of attracting private investment, the EAC partner states adopted different regulations, including Feed-in Tariff, zero-VAT and GET FIT Programme. The author assumes that renewable energy financing is one of the main challenges despite the support of different international financial institutions, such as the World Bank, UNIDO, AfDB and others. Nowadays energy efficiency measures are becoming important instruments for the EAC countries resulted in power savings. The other important trend is increasing cooperation among them due to their grid-connected power systems in the East African Power Pool. In this context, in November 2017, the EAC Partner States adopted Energy Security Policy Framework, in order to ensure the sustainable development of their energy sector.

STATE SUPPORT FOR «GREEN» INVESTMENTS AND MARKET «GREEN» FINANCING: FOREIGN EXPERIENCE

2019 ◽  
pp. 97-108
Author(s):  
L.S. Kabir
Keyword(s):  
Economic Growth ◽  
Government Support ◽  
Policy Support ◽  
Green Economy ◽  
Economic Policies ◽  
State Support ◽  
Green Technologies ◽  
Foreign Countries ◽  
The Government ◽  
Green Investments

The present study reveals the trends and features of the current state of financing the foreign countries’ transition to a new «green» economic growth model. To summarize the contemporary experience of countries’ integration into public administration practice the approaches and standards in the field of «green» investments financing.The subject of the study is the set of measures implemented by countries to develop sources of finance for «green» economy projects.Tasks: 1) to consider the principal directions of the «green» investments state policy support, its purpose, and the tools used; 2) to identify the market’s role in the «green» economy financing; 3) to clarify the main issues constraining private investments in «green» projects. The countries’ approach to «green» economic growth financing is examined in the present paper by means of common methods of scientific knowledge.There reviewed the arguments justifying the government support for «green» investments. There revealed the problems constraining the market «green» financing development and speculations about their origins. The study concludes that the countries’ economic policies are aimed at improving the existing model’s efficiency, not at the transition to the new «green» economy model. Thus, through the state support tools, there being generated strong signals signifying the creation of favorable market conditions for the functioning of a new economy sector – the sector of «green» technologies.

scholarly journals Innovation Capabilities and the Performance of Start-Ups in Korea: The Role of Government Support Policies

2021 ◽  
Vol 13 (11) ◽  
pp. 6009
Author(s):  
Se-Kyoung Choi ◽  
Sangyun Han ◽  
Kyu-Tae Kwak
Keyword(s):  
Firm Performance ◽  
Financial Support ◽  
Political Support ◽  
Sustainable Growth ◽  
Government Support ◽  
Role Of Government ◽  
Positive Effects ◽  
Start Up ◽  
Start Ups

What kind of capacity is needed to improve the performance of start-ups? How effective are government support policies in improving start-up performance? Start-ups are critical firm group for ensuring the prospective and sustainable growth of an economy, and thus many countries’ governments have established support policies and they are likely to engage more widely in forward-looking political support activities to ensure further growth and expansion. In this paper, the effect of innovation capabilities and government support policies on start-up performance is examined. We used an unbalanced panel data analysis with a random effect generalized least squares. We investigated the effect of government support policies on 4368 Korean start-ups. The findings indicated that technology and knowledge capabilities had positive effects on the sales performance of start-ups, and government financial support positively affected the relationship between knowledge capability and firm performance. However, when government financial support increased, marketing capability was negatively associated with firm performance. These results demonstrate the significant role of government financial support, including its crowding in but also its crowding out effect. Practical implications: To be more effective, governments should employ innovation-driven entrepreneurship policy approaches to support start-ups. To improve their performance, start-ups need to increase their technology and knowledge capabilities. This study extends recent efforts to understand more fully the effect of government support policies on start-ups differing in their technology, knowledge, and marketing capabilities.

scholarly journals Effect Relationships on Sustainable Development of Palm Oil Production for Independent Smallholder Farmers toward Sustainable Certification System

2017 ◽  
Vol 10 (1) ◽  
pp. 24
Author(s):  
Nurliza Nurliza ◽  
Eva Dolorosa
Keyword(s):  
Sustainable Development ◽  
Palm Oil ◽  
Smallholder Farmers ◽  
Oil Production ◽  
Global Market ◽  
Government Support ◽  
Small Farmers ◽  
Certification System ◽  
Sustainable Products ◽  
Sustainability Challenges

Palm oil is currently the most widely used vegetable oil in the world and its usage is also expected to double by 2020. However, there are some social and environmental impacts of palm oil plantation. Some complications resulted from the plantation may go as far as mass objections to the production of palm oil. On the contrary, demand for palm oil is still vast and constantly rising. In Indonesia, independent small farmers are the most important stakeholders since they are 43% of the whole Indonesian palm oil producers and have become the biggest spotlight of Indonesian palm oil development, including challenges and problems in which they will have to face to substantially increase their role in the global market as well as maintaining sustainability. Challenges today need to be engaged with innovation and inventions in a more productive and effective way. Enhancing independent small farmers will not only enlarge their contribution to sustainability practices, but also ensuring the sustainable products supplied to the market. Thus, supporting sustainable palm oil production is the way forward. Based on this current issue, this research identifies key point relationships (direct and indirect) on sustainable development factors which are based on Indonesian Sustainable Palm Oil Certification System (ISPO), these identified key points will be the primary target to be improved and government support in fostering the sustainability of palm oil industry will be profoundly necessary.

Evaluation of the Sustainable Development of the Energy and Chemical Industry Base in Northern Shaanxi

2013 ◽  
Vol 361-363 ◽  
pp. 145-151
Author(s):  
Shan Hua
Keyword(s):  
Sustainable Development ◽  
Chemical Industry ◽  
Statistical Data ◽  
Evaluation Index System ◽  
Economic Resource ◽  
The Sustainable Development ◽  
Existing Problems ◽  
Environmental Status ◽  
Northern Shaanxi ◽  
Resource And Environment

The sustainable development of the northern Shaanxi area has been severely restricted by the increasingly serious issue of the environmental pollution and ecological destruction in the energy and chemical industry base there. This paper, based on the thorough analysis to the investigation data about the environmental status and the existing problems of energy and chemical industry base in northern Shaanxi, construct evaluation index system of the base sustainable development. The paper evaluated comprehensively the level of sustainable development in energy and chemical industry base in Northern Shaanxi based on statistical data in past years. It reveals the contradiction and the plight of economic, resource and environment in the process of current base, and shows the urgent problems which must be solved in the future.

Successful Career in Manufacturing Enterprises

2015 ◽  
Vol 809-810 ◽  
pp. 1565-1570
Author(s):  
Luciana Cristiana Stan ◽  
Josef Windsperger
Keyword(s):  
Sustainable Development ◽  
Environmental Conditions ◽  
Employee Performance ◽  
Productivity Measurement ◽  
Manufacturing Enterprises ◽  
Industrial Enterprises ◽  
Successful Career ◽  
Industrial Companies ◽  
Area Of Concern ◽  
Resource Targeting

Permanent changes and controlled environmental conditions change in operating companies and requires new management methods. Success in modern sustainable development is an area of concern for both managers and for people science. Article discusses the career success in industrial enterprises which promotes sustainable development by setting the quantitative and qualitative components, identify methods for assessing employee performance, productivity measurement and analyzes the changing resource targeting mechanisms that drive towards achieving sustainable excellence of industrial companies.

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