Agrarian Economy 2024 Т. 17 № 1: 36-46

THEORETICAL FOUNDATIONS OF GREEN FINANCE INSTRUMENTS APPLICATION

Sholudko O., Candidate of Economic Sciences (PhD), associate professor
ORCID ID: 0000-0003-2264-5638
Hrytsyna O., Candidate of Economic Sciences (PhD), associate professor
ORCID ID: 0000-0002-1304-0250
Rubai O., Candidate of Economic Sciences (PhD), associate professor
ORCID ID: 0000-0001-6103-8422
Lviv National Environmental University

https://doi.org/10.31734/agrarecon2024.01.036

ANNOTATION

Climate change and environmental degradation pose new challenges for Ukraine, requiring a shift towards a sustainable development model. Green finance is a key tool for this transition, mobilizing resources for investments in environmental and social projects.

Research has shown that green finance has many advantages for Ukraine. It can stimulate economic growth, create new jobs, improve the environmental situation, and increase the country's competitiveness in the global market.

This article examines the main green finance instruments used in Ukraine, including green bonds, green loans, grants, and funds. It also highlights the main challenges and obstacles to effective green financing, such as imperfect legislation, lack of information and personnel, and high risks for investors.

A comparison of green finance instruments in Ukraine and the EU countries was conducted, revealing that Ukraine has significant potential for the development of this market. The study also analyzed the volumes of green finance in Ukraine, demonstrating steady growth in recent years.

The relationship between agriculture and green finance was identified as a key area for investment. The research assesses the potential for attracting green finance to Ukraine by 2030.

Improving green finance instruments in Ukraine is an important task for sustainable economic development. To achieve this, a set of measures covering political, economic, regulatory, informational, and other aspects is necessary.

The article provides recommendations for improving green finance instruments in Ukraine, which include improving legislation, raising awareness of green investments, developing infrastructure, and reducing risks for investors.

KEYWORDS

green finance, sustainable development, green finance instruments, grants, tax breaks, government guarantees, subsidies, loans, green bonds, venture investments, green equipment leasing, green funds, crowdfunding

FULL TEXT

LINK

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