Academic Journal
INNOVATIVE GREEN FINANCING TOOLS FOR UKRAINE ; ІННОВАЦІЙНІ ІНСТРУМЕНТИ ЗЕЛЕНОГО ФІНАНСУВАННЯ ДЛЯ УКРАЇНИ
| Τίτλος: | INNOVATIVE GREEN FINANCING TOOLS FOR UKRAINE ; ІННОВАЦІЙНІ ІНСТРУМЕНТИ ЗЕЛЕНОГО ФІНАНСУВАННЯ ДЛЯ УКРАЇНИ |
|---|---|
| Συγγραφείς: | Науменкова, Світлана, Міщенко, Світлана |
| Πηγή: | Economic Scope; No. 189 (2024); 291-299 ; Экономическое пространство; № 189 (2024); 291-299 ; Економічний простір; № 189 (2024); 291-299 ; 2224-6290 ; 2224-6282 |
| Στοιχεία εκδότη: | ESI "Prydniprovs'ka State Academy of Civil Engineering and Architecture" |
| Έτος έκδοσης: | 2024 |
| Συλλογή: | Scientific Periodicals of Ukraine (Ukrainian Research and Academic Network) / Наукова періодика України |
| Θεματικοί όροι: | зелені фінанси, відповідальне інвестування, зелені фінансові інструменти, боргові свопи, DFNS, DFCS, green finance, responsible investing, green financing tools, debt swaps |
| Περιγραφή: | The expansion of financing sources holds particular importance in the context of implementing the European Green Deal inUkraine. Given the escalating climate and environmental threats, the pursuit of new green financing mechanisms for countriesburdened with high levels of debt persists. Amidst the full-scale war in Ukraine, the options for state financing of environmentalprojects and programs are significantly restricted. The article examines the formation of additional financing sources aimed atrestoring ecosystems and ecological infrastructure damaged by the war in Ukraine. Drawing upon an overview of internationalpractices, this study elucidates innovative approaches to environmental financing, which involve exchanging a part of the state'sexternal debt for commitments to invest in nature conservation programs and achieve climate neutrality. The analysis highlightssignificant variations in the implementation of green debt swaps across different countries, underscoring the need to assess thefeasibility of adopting such mechanisms in Ukraine, especially given its heightened reliance on debt. Utilizing multi-criteriaanalysis, a comparative evaluation of key "green debt conversion" instruments was conducted, encompassing Bilateral Debtfor-Nature Initiatives, Debt-for-Nature Swaps, and Debt-for-Climate Swaps. A comparative table has been compiled to illustratethe key characteristics of these instruments and to assess the potential impact of their use in Ukraine. The benefits of exchangingdebt for investments in environmental recovery, as outlined in Ukraine's National Recovery Plan, are delineated. The primarysources for accumulating funds to meet the state's obligations resulting from the adoption of green debt swaps have been identified.Recommendations for the implementation of green debt swaps in Ukraine have been provided. It has been concluded thatgreen debt swaps could be employed in Ukraine to finance specific environmental or climate-related projects and initiatives, establishingconservation and climate ... |
| Τύπος εγγράφου: | article in journal/newspaper |
| Περιγραφή αρχείου: | application/pdf |
| Γλώσσα: | Ukrainian |
| Relation: | https://economicspace.pgasa.dp.ua/article/view/355455/341431; https://economicspace.pgasa.dp.ua/article/view/355455 |
| Διαθεσιμότητα: | https://economicspace.pgasa.dp.ua/article/view/355455 |
| Rights: | Авторське право (c) 2024 Науменкова С.В., Міщенко С.В. |
| Αριθμός Καταχώρησης: | edsbas.EE15108 |
| Βάση Δεδομένων: | BASE |
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