scholarly journals Green finance: An uprising trend in the Russian financial market

2020 ◽  
Vol 25 (4) ◽  
pp. 462-479
Author(s):  
N.E. Annenskaya ◽  
A.A. Nazar'yants

Subject. The article discusses international stock exchanges, which concentrate deals with green investment instruments, which constitute green finance as a very popular and promising segment in advanced economies. We observe how green finance develop in the Moscow Exchange. Objectives. The study reveals trends seen in the Russian and foreign green finance markets. We formulate our recommendations for revising the existing approaches and adapting regulatory documents. Methods. The study is based on the methods of analysis and synthesis, comparative analysis and matching, and a graphical method. Results. Having analyzed the international practices, we discovered that the Russian green investment market lagged behind the global trend in terms of capitalization, the number of instruments and regulatory regulation. However, environmental cases recorded in 2020 will accelerate the implementation of green investment principles. The global green investment market is just at its infancy. Notwithstanding a shortage of instruments, it is actively growing and evolving. Although the regulatory framework is yet underdeveloped in terms of green finance, the market actors actively implement ESG-principles in their corporate structure and use risk assessment models. Investors choose investees more thoroughly and responsibly. The Russian market lacks an underdeveloped regulatory framework, notwithstanding attempts to adapt the effective regulatory documents to purposes of green finance, and create new regulations. Conclusions and Relevance. Administrative and economic actions we propose, such as the establishment of self-regulatory organizations for green investment, distribution of risk through the mutual fund of industrial organizations, will contribute to the effective emergence of ESG principles in the Russian market. Legislative recommendations can be used by public authorities and the megaregulator in order to adapt foreign practices to Russia.

Author(s):  
Yaroslav Kushnir ◽  

The article examines the problems of entering and leaving the temporarily occupied territory of Ukraine with the disclosure of the grounds for regulation, public necessity and its main regulatory framework for implementation. It is important to emphasize the importance of compliance with regulations, and also focuses on the conceptual apparatus, namely the disclosure of the content of the concepts "occupied territory", "quarantine restrictions", "demarcation lines", "legal regime in the temporarily occupied territory of Ukraine". Referring to regulations, we emphasize that sovereignty extends to its entire integral and inviolable territory. All public authorities, including officials, operate within the current Ukrainian legislation. In particular, within the limits of its powers provided by the Constitution of our country. We emphasize that all normative-regulatory documents that are valid on the territory of our state and accordingly regulate this research issue are undoubtedly important. Directly, in case of illegal crossing or moving above the specified area, criminal liability follows. It is worth remembering that documents may differ for citizens, but a special permit remains common, which is common to all categories of persons [6, p. 1]. This area of research is very relevant. It is important to disclose the issue of crossing the temporary occupied territory of Ukraine in compliance with the quarantine conditions. In particular, we must separately study the statistics of crossing or moving to a given area of our country for foreigners or stateless persons during the difficult epidemiological situation in the world, and the purpose of their arrival.


Author(s):  
I.M. Konovalenko

Ассоциация независимых российских семенных компаний (АНРСК) системно продвигает свою позицию на всех уровнях власти. Одним из самых основных вопросов в работе ассоциации на сегодняшний день остается приведение законодательной и нормативно-правовой базы в отвечающее и дающее развиваться отрасли русло. Цель работы: проанализировать современную законодательную и нормативно-правовую базу в сфере селекции и семеноводства овощных культур и выявить в ней проблемные области, требующие принятия соответствующих поправок. При анализе использовали абстрактно-логический метод, включающий совокупность приемов индукции и дедукции, анализа и синтеза, аналогии, сопоставлений, системно-структурный анализ, методы формализации, моделирования, прогнозирования. Обосновано, что только став конкурентоспособным, сельское хозяйство и отдельные его отрасли, могут получить часть мирового рынка, в котором сегодня по целому ряду отраслей Россия серьезно уступает другим государствам. Показана роль частных селекционных компаний, мировых зон товарного семеноводства и ассоциаций в формировании цивилизованного рынка семян овощных культур. Дается определение стран с европейской и американской моделью законодательной базы. Приводятся факты поддержки государством селекционных компаний за рубежом. Сделан вывод о том, что во всех странах, в которых работают селекционные и семеноводческие компании, со стороны государств системно создаются благоприятные условия для их развития. Поэтому, если сегодня в РФ ставятся задачи импортозамещения и создания экспортного потенциала, нужно объективно взглянуть на состояние отечественной селекции и семеноводства овощных культур, определить их путь развития и создать под это соответствующую законодательную и нормативно-правовую базу. Нужны грамотные системные профессиональные решения, соответствующие законодательные и нормативно-правовые акты, а также снижение административной нагрузки.The Association of independent Russian seed companies (AIRSC) systematically promotes its position at all levels of government. One of the most important issues in the work of the Association today is to bring the legislative and regulatory framework in line with the development of the industry. Objective: to analyze the current legislative and regulatory framework in the field of selection and seed production of vegetable crops and identify problem areas that require the adoption of appropriate amendments. The analysis used an abstract logical method that includes a set of methods of induction and deduction, analysis and synthesis, analogy, comparisons, system-structural analysis, formalization, modeling, and forecasting. It is proved that only by becoming competitive, agriculture and some of its branches can get a part of the world market, in which today Russia is seriously inferior to other countries in a number of industries. The role of private breeding companies and world zones of commodity seed production and associations in the formation of a civilized market for vegetable seeds is shown. The definition of countries with the European and American model of the legal framework is given. The facts of state support for breeding companies abroad are given. It is concluded that in all countries where breeding and seed companies operate, favorable conditions for their development are systematically created by the States. Therefore, if today the tasks of import substitution and creation of export potential are set in the Russian Federation, it is necessary to take an objective look at the state of domestic selection and seed production of vegetable crops, determine their path of development and create an appropriate legislative and regulatory framework for this. We need competent system professional solutions, appropriate legislative and regulatory acts, and reducing the administrative burden.


Author(s):  
S. Herstead ◽  
M. de Vos ◽  
S. Cook

The success of any new build project is reliant upon all stakeholders — applicants, vendors, contractors and regulatory agencies — being ready to do their part. Over the past several years, the Canadian Nuclear Safety Commission (CNSC) has been working to ensure that it has the appropriate regulatory framework and internal processes in place for the timely and efficient licensing of all types of reactor, regardless of size. This effort has resulted in several new regulatory documents and internal processes including pre-project vendor design reviews. The CNSC’s general nuclear safety objective requires that nuclear facilities be designed and operated in a manner that will protect the health, safety and security of persons and the environment from unreasonable risk, and to implement Canada’s international commitments on the peaceful use of nuclear energy. To achieve this objective, the regulatory approach strikes a balance between pure performance-based regulation and prescriptive-based regulation. By utilizing this approach, CNSC seeks to ensure a regulatory environment exists that encourages innovation within the nuclear industry without compromising the high standards necessary for safety. The CNSC is applying a technology neutral approach as part of its continuing work to update its regulatory framework and achieve clarity of its requirements. A reactor power threshold of approximately 200 MW(th) has been chosen to distinguish between large and small reactors. It is recognized that some Small Modular Reactors (SMRs) will be larger than 200 MW(th), so a graded approach to achieving safety is still possible even though Nuclear Power Plant design and safety requirements will apply. Design requirements for large reactors are established through two main regulatory documents. These are RD-337 Design for New Nuclear Power Plants, and RD-310 Safety Analysis for Nuclear Power Plants. For reactors below 200 MW(th), the CNSC allows additional flexibility in the use of a graded approach to achieving safety in two new regulatory documents: RD-367 Design of Small Reactors and RD-308 Deterministic Safety Analysis for Small Reactors. The CNSC offers a pre-licensing vendor design review as an optional service for reactor facility designs. This review process is intended to provide early identification and resolution of potential regulatory or technical issues in the design process, particularly those that could result in significant changes to the design or analysis. The process aims to increase regulatory certainty and ultimately contribute to public safety. This paper outlines the CNSC’s expectations for applicant and vendor readiness and discusses the process for pre-licensing reviews which allows vendors and applicants to understand their readiness for licensing.


Author(s):  
Юлия Данильчук ◽  
YUliya Danilchuk

In this workshop the work on the study of the classification, assortment and expertise of the quality of meat and meat products. Each Chapter provides an overview of the relevant types of products and a list of the main regulatory documents required for their examination. The latest changes in the regulatory framework have been taken into account. Laboratory work on the examination of products include tasks for the study of defects, acceptance rules and methods of sampling, marking analysis, evaluation of the quality of goods by organoleptic and physical and chemical parameters. For students of higher educational institutions studying in the direction of preparation 38.03.07 "commodity science".


Author(s):  
Yu. S. Slyusarenko ◽  
V. A. Titarenko ◽  
Yu. B. Melashenko ◽  
V. D. Shuminskiy ◽  
М. L. Zotsenko ◽  
...  

The main document of the regulatory framework for the bases and foundations of buildings and structures design is DBN V.2.1-10-2009 (with Amendments No. 1 and No. 2). For the replacement of existing DBN it is proposed to develop a system of regulatory documents that will include DBN V.2.1-10:201Х «Bases and foundations of buildings and structures. Main provisions» and standards for its development. The project provides the principles (general provisions) and requirements regarding the design, construction and reconstruction of bases and foundations for the buildings and structures of all types and classes of consequences (responsibility). The attention is focused on the peculiarities of foundations calculations according to design features and interactions with the base and various depth foundation design.


Author(s):  
Victoria Zalizniuk ◽  
Volodymyr Shchelkunov

Subject of research. The purpose of the study is the investment attractiveness of Ukraine and ways to improve using the Index of Investment Attractiveness of Ukraine. The purpose of writing this article is to identify ways to improve the investment climate in Ukraine. Methodology of work - methods of statistical analysis and synthesis, method of graphic modeling of investment attractiveness of economic climate in Ukraine. Results - As a result of the study, the following priorities were identified for 2021 to improve the investment climate in Ukraine: reboot of the judicial system; de-oligarchization of power; development of an effective and independent anti-corruption infrastructure; getting rid of bureaucracy; reduction of administrative and tax pressure on business; appointment of pro-European reformers to public office; restoration and support of cooperation with international financial institutions; law enforcement reform and effective fight against smuggling, including through increased fiscalization; establishing equal rules of the game for business. Scope of results. Economic branch: management of national economy, macroeconomics, economic theory. Conclusions. The biggest obstacles to the Ukrainian market as a result of the survey identified - exchange rate fluctuations, close ties between the economy and politics, insufficient legal order, corruption of public authorities, labor shortages and access to finance.


Author(s):  
Кирило Домбровський

The article deals with the main problems of state regulation of the institution of adoption during the economic crisis in Ukraine. These include: corruption in public authorities; adoption bureaucracy; bad faith on the part of state bodies in the field of adoption; imperfection of the national regulatory framework in the field of adoption; insufficient funding for training of potential adopters. The ways of solving the following problems are proposed: implementation of a transparent adoption procedure; coordinating the actions of public administration entities in the field of adoption; creating a clear mechanism for implementing the legislative and regulatory framework in the field of adoption; the delegation from the centers of social services of some powers in the field of adoption to public organizations; attraction of charitable contributions to the account of public organizations active in the field of social protection; improving legal liability for adoption violations.


2021 ◽  
Vol 03 (01) ◽  
pp. 15-24
Author(s):  
Dokalenko Varvara Dokalenko Varvara

The article examines the features of regulatory and legal support for the interaction of public authorities and civil society institutions in Ukraine, identifies existing problems and identifies promising areas for their solution. It is established that today there are a number of legislative acts that directly regulate the activities of civil society institutions, and other acts that contain certain aspects of the existence of civil society. This includes the Constitution of Ukraine, which defines the general principles of power-social interaction, laws governing the most important issues of power-social interaction, as well as bylaws that specify the legislation on power-social interaction for the prompt resolution of issues. It is determined that in Ukraine there is currently a problem with the regulation of media activities, as the authorities need to balance between strict control and full loyalty. The effectiveness of trade unions remains a big question, as a significant number of the employed population work in the private sector, often not quite legally, which does not allow to influence the protection of their rights. He is waiting for a solution to the issue of the activity of public councils under the authorities. It is concluded that the current regulatory framework does not ensure public interest in participating in their activities due to the complex procedure of formation and operation in general. Keywords: public authorities, civil society institutions, public associations, public councils, mass media, trade unions.


2020 ◽  
Author(s):  
Fanny Septina

This study analyzes the returns volatility of ISAT and MEDC in context of green investment. These two stocks are member of SRIKEHATI index. SRIKEHATI is an index containing stocks that concern on environment, social and governance. The period of analysis cover 2009-2014 the focus of the study is on three measures of price earning ratio (PER) and fundamental performance indicator, environment activities disclosure in sustainability report was done. Results show that return volatility of ISAT affects return index of SRIKEHATI significantly, but not for MEDC. ISAT has experienced decreasing profit that continued to a loss, inconsistent reporting environment activities in the sustainability report. MEDC has experienced decreasing of profit but did not lead into a loss. MEDC is also consistent in reporting environment-related activities through publishing sustainability reports. Keywords: green finance; green investment; SRI-KEHATI index; ISAT; MEDC


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