scholarly journals The ELENA Programme in the Province of Chieti - A Public Private Partnership Best Practice Improving Energy Efficiency of Buildings and Public Lighting Systems

Author(s):  
Pierluigi Fecondo ◽  
Giancarlo Moca
Author(s):  
I. Chupryna ◽  
R. Tormosov ◽  
K. Chupryna ◽  
M. Oleksandr ◽  
P. Natali

European countries are recognized leaders in the use of public-private partnerships in project management for large-scale infrastructure projects, including those that contribute to energy efficiency in various sectors of the economy. Their experience is a useful example for Ukraine in its quest for energy independence and economic stability. Establishing partnerships with business will increase the resources of the state and promote the involvement of the private sector in the implementation of profitable and image projects for both stakeholders. The development of mechanisms and recommendations for the development of public-private partnership (PPP) should be preceded by an analysis of international experience in creating a favorable and attractive environment in which public-private partnerships can be intensified. Since energy efficiency is the key to the successful functioning of the economy of any state, it is necessary, creating the conditions for the successful functioning of public-private partnership, to develop programs and projects to improve energy efficiency, which will be implemented under the PPP on a priority basis.


2021 ◽  
Vol 2 (48) ◽  
pp. 4-16
Author(s):  
N. V. Dunas ◽  

The article is aimed at studying the current global trends and national initiatives in forming a green bonds market in Ukraine through attracting investment to implement environmentally important projects in the area of energy conservation. The essence and key features of “green” bonds as an effective financial instrument for the implementation of environmentally friendly projects in economy are revealed. Analytical review of the green bond market development in the international space and European countries has helped to identify global investment trends and a number of essential features of “green bonds” as a lucrative investment asset in the long run, which brings positive socio-economic and environmental effects. The legal base and regulatory aspect of the formation of the green bonds market in the national economy is compared with those of the developed countries. The main provisions of forming the state policy on the green bond market in Ukraine are analyzed, taking into account the expected results of attracting finance in the sphere of energy efficiency. The risks and promising areas of implementing the Concept of introduction and development of the green bonds market in Ukraine is identified on the basis of changing trends in the investment sphere of the global financial market. It is substantiated that the potential of market development in Ukraine creates the basis for attracting investment capital in various areas of energy efficiency and helps our country to join global trends of greening the national economy in the context of the pandemic. It is proved that the green bond market can compete with investments in virtual assets and will have a long-term economic effect in the process of modernizing the national economy in the period of global climate change and COVID-19.


2018 ◽  
Vol 22 (5) ◽  
pp. 403-414 ◽  
Author(s):  
Robert Osei-Kyei ◽  
Albert P. C. Chan

Over the last couple of decades, governments in developing and developed economies/countries have shown interest in the public-private partnership (PPP) policy. Different governments have different reasons for adopting the PPP concept. This paper aims to investigate the differences and similarities on the reasons for implementing PPP in develop-ing and developed economies/countries, represented by Ghana and Hong Kong. An empirical questionnaire survey was conducted with relevant experienced practitioners in both jurisdictions. One hundred and three completed questionnaires were returned for analysis. The results from the non-parametric test show five reasons with significant differences. Reasons related to the economic and social benefits of PPP are ranked higher in Ghana, whereas efficiency and quality service related reasons are ranked higher in Hong Kong. Further, two reasons for adopting PPP emerged as very important in both jurisdictions; these include: “promotes quick delivery of public infrastructure projects” and “allows for shared risks”. The outputs of this study contribute to the international best practice framework for PPP. International private investors would be informed of the expectations of governments when engaging in PPP arrangement particularly in Asia and Africa.


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