scholarly journals Institutional structure formation of the global green finance market

Upravlenie ◽  
2022 ◽  
Vol 9 (4) ◽  
pp. 100-111
Author(s):  
A. S. Issenov
Keyword(s):  
International Development ◽  
Institutional Structure ◽  
Bond Market ◽  
Green Economy ◽  
Financial Instruments ◽  
Development Bank ◽  
World Region ◽  
Rating Agencies ◽  
Green Finance ◽  
Development Institutions

The article studies the strategic directions of the Eurasian Development Bank as an important element of the institutional structure of the global green finance market.The current differentiated global structure of green finance market institutions has been shown, and the substantive focus of organisations at two levels of the institutional structure of this market has been shown. A statistical overview of green finance institutions by country, region, type and financial instruments used has been made. The role of multilateral development banks in the structure of such institutions has been shown. The need for the formation of institutions in the green financial market segment as a necessary element of green finance has been substantiated.The structure of institutions on two levels has been given: 1) subjects – participants of the green bond market; 2) a set of institutions developing and shaping the methodology for green financial instruments assessment, standards, taxonomy, ratings. Using the global green bond market as an example, up-to-date statistics and analysis of the broader composition of issuers of green financial instruments by country, world region, sovereign and corporate participants, and development institutions have been presented. Emphasis has been placed on public issuers and the participation of multilateral development institutions in financing green economy projects in various countries. The experience of Eurasian Economic Union countries in developing green finance has been summarised and the prospects for Russia and Kazakhstan in the green finance movement have been noted.The institutions of the differentiated structure of the global green finance market identified in the study have been grouped into two levels depending on the profile of their participation in the green economy; the directions and tools for the prospective development of the Eurasian Development Bank’s green finance activities have been defined; recommendations for prospective aspects of the methodological and analytical activities of the bank in the context of the Eurasian Development Bank Strategy 2022–2026 have been proposed.The study applied an analysis of scientific literature in the field of institutional theory, green economy and green finance, statistical, comparative, factual analysis, review and analysis of information from official websites of international development institutions, government and corporate entities, international rating agencies included in the architecture of the global green finance market.

scholarly journals BLOCKCHAIN PERSPECTIVES IN THE DEVELOPMENT OF GREEN ECONOMY FINANCE

2020 ◽  
pp. 178-185
Author(s):  
M. L. Dorofeev
Keyword(s):  
Everyday Life ◽  
Bond Market ◽  
Green Economy ◽  
Important Conclusion ◽  
Advantages And Disadvantages ◽  
Blockchain Technology ◽  
Green Finance ◽  
Private Money ◽  
Software Code ◽  
Near Future

The work describes the concept of blockchain technology, analyzes its advantages and disadvantages compared to centralized systems of accounting, storage and exchange of information. Key problems in the development of technology and its integration into everyday life are described and analyzed in this work. The relatively high cost, the presence of critical vulnerabilities in the software code, as well as the insufficient level of development of related technologies are significant obstacles to the development of blockchain technology. The directions of development and implementation of blockchain in the financial sector, as well as in the sphere of green finance are described. This direction can be the green bond market, for which is extremely important to track compliance with the requirement of targeted financing. Blockchain, technologically allows to effectively meet this requirement. An important conclusion obtained from the study was that despite a number of attempts to create analogues of private money (Libra, Gram, etc.) in the near future the replacement of traditional fiate money circulation by cryptocurrencies is unlikely for a number of objective reasons.

scholarly journals THE DEVELOPMENT BANK OF BRICS

2018 ◽  
Vol 5 (4) ◽  
pp. 5-32
Author(s):  
Thiago Ferreira Almeida ◽  
Roberto Luiz Silva
Keyword(s):  
International Development ◽  
World Bank ◽  
Development Bank ◽  
Brics Countries ◽  
The World Bank ◽  
New Development ◽  
The World ◽  
Development Institutions ◽  
New Form ◽  
Growth Analyses

This paper takes aim at the international financial system through the lens of the New Development Bank of the BRICS countries with an analysis of the Bank’s impact and relevance vis-à-vis the system. The work compares the traditional characteristics of international development institutions such as the World Bank and financial entities directed by national authorities with international solutions such as the New Development Bank, whose goals are to boost the infrastructure and renewable energy sectors of its five member countries as well as those of other developing countries. The work lays out insightful data on foreign direct investment of BRICS, GDP growth analyses, imports and exports inside and outside the BRICS group for a clearer understanding of the companies and businesses involved in the group. The work highlights an outlook of investment and development engaged in this new form of South-South cooperation which has been created by BRICS.

scholarly journals Financial instruments of “green” economy development in Russia

2021 ◽  
Vol 262 ◽  
pp. 04002
Author(s):  
M.V. Dubrova ◽  
L.V. Gusarova ◽  
N.N. Zhylina ◽  
M.R. Shamsutdinova ◽  
V.G. Ignatyev
Keyword(s):  
Natural Capital ◽  
Global Climate ◽  
Financial Economic ◽  
Green Economy ◽  
Financial Instruments ◽  
Responsible Investment ◽  
Non Profit ◽  
Green Finance ◽  
Non Profit Organizations ◽  
The Impact

Environmental problems are getting worse every year. The root cause of green finance is the climate change, pollution and the depletion of natural capital that threaten Russia’s competitiveness and productivity. Green financing means providing finance while enhancing the resource efficiency and reducing the impact on the environment and the global climate. Balanced adherence to financial, economic and environmental criteria is the main foundation. The new emerging financial instruments of a green economy do not have technical fundamental differences, but qualitatively form new conditions for the responsible investment process. The Russian green finance market emerged in 2018. The past period can be characterized by both a quantitative and a qualitative breakthrough in the system of green finance in Russia. At the same time, the issues of developing a mechanism of state support for the activities of non-profit organizations in the field of green finance, the participation of non-profit organizations in the implementation of environmental projects through the development of green financing instruments require consideration.

GREEN BONDS AS A NEW FINANCIAL INSTRUMENT

2020 ◽  
Vol 3 (7) ◽  
pp. 98-102
Author(s):  
M. V. DUBROVA ◽  
◽  
N. N. ZHILINA ◽  
Keyword(s):  
Raw Materials ◽  
Financial Burden ◽  
Environmental Problems ◽  
Green Economy ◽  
Non Profit ◽  
The Public ◽  
Economic Problems ◽  
Green Finance ◽  
Non Profit Organizations

The relevance of the article is determined by the fact that in Russia there is no effective mechanism of state support for the activities of non-profit organizations in the field of “green Finance”. The role of non-profit organizations is leveled, which can become a serious help in solving economic problems, in particular, the problems of recycling and processing of secondary raw materials, the placement of industrial waste and household garbage, and landscaping of large megacities. The main financial burden in the field of “green economy” falls on States and large enterprises. Meanwhile, we cannot ignore the important role of non-profit organizations that can not only draw attention to environmental problems to the public, but also offer their own measures to solve environmental problems. In this regard, it becomes relevant to consider the participation of non-profit organizations in the implementation of environmental projects by attracting “green Finance”.

POTENTIAL DEVELOPMENT OF «GREEN BONDS» IN THE RUSSIAN ECONOMY

2020 ◽  
Vol 1 (8) ◽  
pp. 119-123
Author(s):  
M. V. DUBROVA ◽  
◽  
N. N. ZHILINA ◽  
Keyword(s):  
Raw Materials ◽  
Financial Burden ◽  
Environmental Problems ◽  
Green Economy ◽  
Non Profit ◽  
Russian Economy ◽  
Green Finance ◽  
Potential Development ◽  
Non Profit Organizations

he relevance of the article is determined by the fact that in Russia there is no effective mechanism of state support for the activities of non-profit organizations in the field of «green Finance». The role of non-profit organizations is leveled, which can become a serious help in solving economic problems, in particular, the problems of recycling and processing of secondary raw materials, the placement of industrial waste and household garbage, and landscaping of large megacities. The main financial burden in the field of «green economy» falls on States and large enterprises. Meanwhile, we cannot ignore the important role of non-profit organizations that can not only draw attention to environmental problems to the public, but also offer their own measures to solve environmental problems. In this regard, it becomes relevant to consider the participation of non-profit organizations in the implementation of environmental projects by attracting «green Finance».

The Applied-Ethical Structural Synthesis of International Development

2019 ◽  
Vol 50 (197) ◽  
Author(s):  
Nikos Astroulakis
Keyword(s):  
International Development ◽  
Free Market ◽  
National Level ◽  
Applied Ethics ◽  
Global Ethics ◽  
Structural Synthesis ◽  
Policy Theory ◽  
Development Institutions ◽  
Market Relations

<p>The paper challenges the mainstream stance in the study of applied ethics<br />in international development. Applied ethics is positioned at the macro-social level<br />of global ethics while a specific codification is attempted by formulating international development based on its structural synthesis, in a threefold level: First, the structural synthesis –associated with the framework of existing international development policy–can be found in the ‘market relations’. Second, the analysis specifies the policies applied at the national level and the role of nation-state policy. Third, the paper criticizes the international development institutions’ policies. In each of the levels mentioned above, the analysis reveals the fundamental policy theory issues of neoclassical economics, as the intellectual defender of free market economics.</p>

scholarly journals Prospects for the development of the «green» bond market (Review)

2020 ◽  
pp. 102-114
Author(s):  
Svetlana Kodaneva ◽  
Keyword(s):  
Climate Change ◽  
Banking Sector ◽  
Bond Market ◽  
Paris Agreement ◽  
Financial Instruments ◽  
Market Review ◽  
Limited Government

In the context of limited government budgets and the capacity of the banking sector, there is a need for new financial instruments to attract investment for the implementation of the Paris Agreement on Climate Change. One of such instruments is «green» bonds. The review analyzes the reasons for the growth of the «green» bond market in different countries and the prospects for its development.

scholarly journals “Green” bonds as a perspective instrument of attracting investments in ecological projects in Ukraine

2020 ◽  
pp. 52-60
Author(s):  
Oksana Klymenko ◽  
Svitlana Mala
Keyword(s):  
Sustainable Development ◽  
Economic Analysis ◽  
Economic Trend ◽  
Global Market ◽  
Bond Market ◽  
Regulatory Framework ◽  
Green Economy ◽  
Financial Flows ◽  
Environmental Projects ◽  
Green Investments

Relevance of research topic. The global economic trend is characterized by the “greening” of investment processes in order to ensure sustainable development. One of the instruments of attracting green investments in the economy is green bonds. In this regard, there is a need to create and operate a green bond market in Ukraine. Formulation of the problem. Ukraine has joined the global institutions promoting sustainable development and has declared the transition to a “green” economy, so analysis of foreign experience is needed to develop recommendations to a regulatory framework that will help solve the problem of attracting “green” investments in the Ukrainian economy. Analysis of recent research and publications. Among scientists and practitioners dealing with the problems of green investments, we should mention O. Veklic, Y. Podvisotsky, K. Markevich, M. Grityshina, A. Frolov. Selection of unexplored parts of the general problem. The issue of using green bonds to finance environmental projects in Ukraine remains poorly understood. Setting the task, the purpose of the study. The purpose of the study is to analyze the global trends in the green bond market and to develop recommendations for using this type of bond to finance environmental projects in Ukraine. Method or methodology for conducting research.  The theoretical basis of the study is the dialectical method of cognition and a comprehensive approach to the study of economic processes in the financial sphere. The following special methods of research were used: historical and economic analysis; statistical and economic analysis; abstract-logical analysis; graphic methods. Presentation of the main material (results of work). The article reveals the positive dynamics of the global green bond market development, and determines that this type of investment is an important segment for Ukraine, which is a member of the world institutions for sustainable development. The state of the regulatory framework in Ukraine, which regulates the circulation of green bonds, is considered. The concept of introduction and development of the green bond market in Ukraine is recommended. The field of application of results. The results of the study can be used in the national financial system. Conclusions according to the article. Analysis of the global market for green bonds has led to the conclusion that this financial segment is characterized by a progressive and positive development. Green bonds have created a new way of attracting investors to green assets, the advantage of which is that investors are involved in the issue of these financial instruments, which put environmental responsibility first. Creating a market for green bonds in Ukraine will allow us to accumulate and direct financial flows for the development and financing of domestic green projects.

scholarly journals What “Development” Does to Work

2017 ◽  
Vol 92 ◽  
pp. 7-23
Author(s):  
Benedetta Rossi
Keyword(s):  
International Development ◽  
Political Legitimacy ◽  
Development Aid ◽  
Forced Labor ◽  
Special Issue ◽  
Development Institutions ◽  
International Development Aid ◽  
Development Workers ◽  
The Many ◽  
Modern Form

AbstractThis article introduces an Africa-focused special issue showing that the rise of development in its modern form coincided with the demise of the political legitimacy of forced labor. It argues that by mobilizing the idea of development, both colonial and independent African governments were able to continue recruiting unpaid (or underpaid) labor—relabeled as “voluntary participation,” “self-help,” or “human investment” —after the passing of the ILO’s Forced Labor Convention. This introduction consists of two parts: the first section summarizes the main findings of the contributions to the special issue. The second part advances preliminary considerations on the implications of these findings for our assessment of international development “aid.” The conclusion advocates that research on planned development focus not on developers-beneficiaries, but rather on employers-employees. Doing so opens up a renewed research agenda on the consequences of “aid” both for development workers (those formally employed by one of the many development institutions) and for so-called beneficiaries (those whose participation in development is represented as conducive to their own good).

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