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 Green financing: Global understandings and Russian practices review

2021 ◽  
Vol 21 (4) ◽  
pp. 45-62
Author(s):  
E. A. Tarkhanova ◽  
A. V. Fricler
Keyword(s):  
Sustainable Development ◽  
Green Economy ◽  
Federal State ◽  
Global Innovation ◽  
Green Finance ◽  
Green Investment ◽  
Environmental Projects ◽  
Characteristic Features ◽  
The Cost ◽  
Green Investments

The success of the green economy crucially depends on whether there is a strong financial system, which allows attracting and distributing financial resources to implement environmental projects. Challenging tasks in the sphere of ecology require stimulating the attraction of funds from extra-budgetary sources, creating and designing tools for these activities. The state’s focus on the development and application of green financing tools in Russia is likely to increase the inflow of Russian and foreign investments, and thus reduce the cost of funds borrowed to carry out environmental projects. The study explores the problematic aspects related to the development of green financing as a basis for sustainable development. The research methodology relies on the concept of sustainable development and a problem-oriented approach. The study uses synthesis, analysis and statistical methods. The authors draw on the definitions of green financing provided by various international organizations, for instance, Bloomberg, UNEP, Green Finance Study Group (GFSG) and others. The researchers systemitise the understandings of the green financing, its areas, and based on this, investigate the development of green finance in Russia. The paper examines Russia’s Federal State Statistics Service data that describes the dynamics and structure of green investment in Russia during 2008–2019. To evaluate the results of green investments the authors compare the green growth indicators taken from the Global Green Economy Index and the Global Innovation Index. An overview of the development of the green financing in Russia demonstrates that the characteristic features of the country’s green investment system relate to the structure of sources of green financing. In particular, Russian green investments significantly consist of the companies’ own funds. This fact totally contradicts other counties’ practice, where the main part of financing is provided by the public sector and specialized manufacturers.

scholarly journals Analysis of the Definitive Basis of the Term “Environmental (Green) Investments” and their Classification

2020 ◽  
pp. 138-148
Author(s):  
A.S. Ihnatchenko ◽  
B.L. Kovalov ◽  
S.M. Fedyna ◽  
A.G. Popova
Keyword(s):  
Sustainable Development ◽  
Social Economic ◽  
Green Economy ◽  
Regional Characteristics ◽  
Environmental Investment ◽  
The Social ◽  
Green Investment ◽  
Definition Of ◽  
Green Investments

The paper analyzes the meaning and essence of the term «environmental (green) investment». Summarizing the existing interpretations of the term «environmental (green) investment», the authors propose their own definition of environmental investment. The author’s interpretation of the term «environmental (green) investment» takes into account the social, economic and environmental spheres of sustainable development. The dominant author's interpretation of the term «environmental (green) investment» is investing in the greening of financial structures. The article summarizes and systematizes the classification of environmental (green) investments, which can be divided according to the scope of investment objects, the regional characteristics of the subjects of environmental investment, the term and method of investment. The authors have made recommendations for improving the environmental efficiency of the green economy in Ukraine.

scholarly journals Foreign Experience of Green Economy Development in the Activities of Energy and Oil and Gas Companies in the 21st Century

2020 ◽  
Author(s):  
Mariia Andreevna Gureva ◽  
Valentina Vladimirovna Butko
Keyword(s):  
Sustainable Development ◽  
21St Century ◽  
Circular Economy ◽  
Oil And Gas ◽  
Green Economy ◽  
Economy Model ◽  
Foreign Experience ◽  
Environmental Projects ◽  
Oil And Gas Companies

Green economy models, in particular, the circular economy model, are capable of creating promising ways to build an ecological future, which requires modernization of the system with respect to a number of environmental methods and elements. The article discusses examples of implementing the key principles of sustainable development and the green economy in the activities of foreign energy and oil and gas companies, which represent a segment with the most powerful potential for introducing new innovative processes and conducting environmental projects.

scholarly journals Fair trade governance: revisiting a framework to analyse challenges and opportunities for sustainable development towards a green economy

2021 ◽  
Vol 2 (1) ◽  
Author(s):  
A. Cristina Ribeiro-Duthie ◽  
Fred Gale ◽  
Hannah Murphy-Gregory
Keyword(s):  
Decision Making ◽  
Sustainable Development ◽  
Fair Trade ◽  
Food Production ◽  
Analytical Framework ◽  
Global Market ◽  
Ethical Consumption ◽  
Green Economy ◽  
Production And Consumption ◽  
Decision Making Processes

AbstractAs a relatively new form of non-state governance, the fair trade movement presents an opportunity to promote sustainable production and consumption and hence social change. Global market demands and consumer engagement denote changes in social practices that have led governments to share decision-making processes with private sector and non-governmental organisations. In this context of change, it is important to consider not only whether new forms of governance weaken or strengthen states’ authority within the marketplace but also the extent to which they may allow for “green washing” instead of the green economy proposed by the United Nations Environmental Program. This study considers the fair trade of food production and consumption as a potential innovative model. In doing so it examines the existing general literature on governance, which highlights that decision-making processes tend to reproduce top-down approaches. While such practices may reproduce conventional hierarchies, it is worth questioning the potential of new forms of governance within global markets. This article builds on a sustainability governance analytical framework to deepen understandings of fair trade governance and its possible responses to the dilemmas of food production for ethical consumption and thus sustainable development in transnational relations. This research aims to contribute to the literature on improving compliance with global sustainability standards and through this, inform practices that allow for cooperation towards a green economy.

Green Investments and Food Security

2019 ◽  
pp. 1630-1659
Author(s):  
Corina Ene ◽  
Marian Cătălin Voica ◽  
Mirela Panait
Keyword(s):  
Sustainable Development ◽  
Food Security ◽  
Food System ◽  
Green Economy ◽  
Ecosystem Stability ◽  
Nutrition And Health ◽  
Green Is ◽  
Potential Benefits ◽  
The Cost ◽  
Green Investments

Green investments are the perfect tool to generate complex self-regenerating systems in order to achieve a sustainable development. Even if the burden of transition from high polluting economy to a green economy is high, the cost should be split among all that have interest in achieving this goal. The switch to green is an international current that will ultimately force the change if it is not made willingly. All parties have an interest to promote change before the change gets them on the wrong foot. In this regard, the chapter aims to emphasizing the potential benefits of the transition to a green economy in terms of reducing poverty, enhancing food security, nutrition and health on a sustainable basis while promoting ecosystem stability. Thus, increased green investments throughout the food system are imperatively needed so that changing the way food is obtained could become a powerful force for sustainable development.

scholarly journals Financial Support for Green Economy Projects in Russia Based on the Principles of Sustainable Development

2020 ◽  
pp. 148-159
Author(s):  
Andrey Anikin ◽  
Keyword(s):  
Sustainable Development ◽  
Mutual Influence ◽  
Negative Impact ◽  
Anthropogenic Impacts ◽  
Environmental Safety ◽  
Green Economy ◽  
National Interests ◽  
Environmental Projects ◽  
Methodological Principles ◽  
Stimulation Of

The article presents the results of the analysis of the Russian eco-finance system: fundamental strategies, key regulatory documents, measures and tools. The analysis was based on the methodology of sustainable development and consideration of ESG factors. We found that the formation of the institutional framework of ecofinance and the development of advanced measures of support and stimulation of projects of green economy takes into account methodological principles for sustainable development: integrating anthropogenic impacts on natural areas; balanced decision-making on establishing regulatory requirements in the field of environmental safety, responsibility for negative impact on the environment; priority of national interests in the development of measures. The analysis showed that there is an established system of measures to support and stimulate eco-projects, both administrative and financial, direct and indirect, incentives and sanctions. The system is evolving and being modernized: measures have been developed and implemented to support issuers of securities whose target orientation (securities) is related to investing in eco-projects, and a draft article “Environmental tax” has been developed and is being discussed. The features of the Russian system of support and stimulation of environmental projects are its “youth”, being at the stage of formation, and the “lack of configuration” of economic mechanisms, which makes it difficult to assess the effectiveness of the measures taken. When evaluating environmental projects and the effectiveness of support measures, it is advisable to take into account the principles of sustainable economy, as well as the relationship and mutual influence of ESG factors.

Green Investments and Food Security

2017 ◽  
pp. 163-200 ◽  
Author(s):  
Corina Ene ◽  
Marian Cătălin Voica ◽  
Mirela Panait
Keyword(s):  
Sustainable Development ◽  
Food Security ◽  
Food System ◽  
Green Economy ◽  
Ecosystem Stability ◽  
Nutrition And Health ◽  
Green Is ◽  
Potential Benefits ◽  
The Cost ◽  
Green Investments

Green investments are the perfect tool to generate complex self-regenerating systems in order to achieve a sustainable development. Even if the burden of transition from high polluting economy to a green economy is high, the cost should be split among all that have interest in achieving this goal. The switch to green is an international current that will ultimately force the change if it is not made willingly. All parties have an interest to promote change before the change gets them on the wrong foot. In this regard, the chapter aims to emphasizing the potential benefits of the transition to a green economy in terms of reducing poverty, enhancing food security, nutrition and health on a sustainable basis while promoting ecosystem stability. Thus, increased green investments throughout the food system are imperatively needed so that changing the way food is obtained could become a powerful force for sustainable development.

scholarly journals Instruments for financing and investing the “green” economy in the country’s environmental projects

2021 ◽  
Vol 244 ◽  
pp. 10054
Author(s):  
Shakizada Niyazbekova ◽  
Marija Troyanskaya ◽  
Serik Toygambayev ◽  
Vladimir Rozhkov ◽  
Anatolii Zhukov ◽  
...  
Keyword(s):  
Climate Change ◽  
Sustainable Development ◽  
Russian Federation ◽  
Green Economy ◽  
Green Finance ◽  
The Russian Federation ◽  
Environmental Projects ◽  
The Government ◽  
Compensation Program

This article examines the issues and problems of ecology and climate change that concern an increasing number of people. In Russia, in particular, the attention of Russian companies and the government to the problem is increasing. Green finance is a tool that allows for a carbon transition to a green economy, providing extra-budgetary sources of funding for projects that provide this transition. To facilitate the transition of business to the principles of sustainable development, the Ministry of Industry and Trade of the Russian Federation has supplemented the compensation program for green bonds with green loans, and banks are developing new mechanisms to provide companies with a clear tool for cofinancing environmental projects.

Considerations on national interests in financial flows of global social and economic entities

2020 ◽  
Vol 26 (5) ◽  
pp. 1017-1038
Author(s):  
V.V. Smirnov
Keyword(s):  
Sustainable Development ◽  
Systems Approach ◽  
National Development ◽  
World Order ◽  
Fund Raising ◽  
Skewed Distribution ◽  
Managerial Decision ◽  
National Interests ◽  
Average Growth ◽  
Financial Flows

Subject. The article investigates financial flows. Objectives. The study is to determine directions of financial flows in global social and economic entities. Methods. I rely upon the systems approach and methods of descriptive statistics. Results. The article illustrates the importance of national interests in financial flows of global social and economic entities. I emphasize that finance is a factor determining the importance of national interests. Finance mirrors the national development and opportunities of a social and economic entity to protect its sovereignty. Sustainable development seems to be the ground for solving any issues of national interests as part of financial flows of social and economic entities. This may be feasible through fund raising. I determined directions of financial flows streaming to socialist and capitalist social and economic entities. In Russia capitalist social and economic entities emerge due to a positively-skewed distribution of values around the average growth rate of direct investment in non-financial assets and portfolio investment, and a negatively-skewed distribution, i.e. military spending, inflation, fiscal revenue and general reserves net of gold. The article highlights that Russia and China have similar economic views on poverty and equality. Conclusions and Relevance. As global economic ties transform and controversies concerning the world order escalate, capitalist economies disregard the specifics of the social and economic paradigm and national interests of other countries. Such controversies can be eliminated if multiple economic interests are simplified. Sustainable development and respective goals seem to offer a solution to national interests as part of financial flows of social and economic entities. The findings unveil opportunities for exercising national interests in global social and economic entities by regulating a source of financial flows, generating new competencies for managerial decision-making on sustainable development goals.

Formation of background of sustainable development and transition to the «green» economy strategy

2020 ◽  
pp. 75-83
Author(s):  
L.Z. Khalishkhova ◽  
A.Kh. Temrokova ◽  
I.R. Guchapsheva
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
Global Economy ◽  
Social Problems ◽  
Green Economy ◽  
Human Needs ◽  
Environmental Processes ◽  
Environmental Development ◽  
Current Stage

The article is devoted to the issues of measuring environmentally oriented economic development. The current stage of economic development requires the integration of environmental development, taking into account: environmental boundaries, biosphere processes, social problems, human needs and environmental processes. A green economy can become the main point of growth for the modern global economy. The article presents a complex of measures for the transition to a green economy, as well as tools for their implementation.

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