CONCEPTUAL PRINCIPLES OF FINANCING "GREEN" PROJECTS OF BUSINESS STRUCTURES UNDER THE CONDITIONS OF SUSTAINABLE DEVELOPMENT

  • Yuliia Shtyk National Aviation University
  • Lyudmyla Dolgova National Aviation University
  • Liana Skibitska National Aviation University
Keywords: concept, , ecosystem services, business structures, sustainable development

Abstract

This article presents the conceptual principles of financing "green" projects of business structures in the context of sustainable development. The authors highlight a strategic approach to planning that takes into account the long-term goals of green development. This concept examines approaches and principles that help ensure effective financing of business initiatives aimed at green development and reducing the impact on the environment. Methods of attracting internal and external financial resources are considered, in particular, specialized green investment instruments. The importance of environmental auditing and collaboration with various partners to achieve sustainable financial sustainability is also identified. The article is worth the attention of specialists, entrepreneurs and investors who are interested in the development of financial mechanisms to promote green growth and sustainable development. Green investments are becoming increasingly relevant in today's world as businesses and governments look for ways to implement sustainable development and reduce their negative impact on the environment. The experience of foreign countries shows that financial support for sustainable development is possible and helps to achieve environmental and economic goals at the same time. Turning to the experience of "green" investing in Ukraine, it should be noted that there is an interest in socially responsible investing in the Ukrainian business community. However, according to experts, Ukraine has not yet developed a system of special standards in this area at the appropriate level, and there is also no motivation system for Ukrainian companies. However, in practice, obtaining green investment can be relatively difficult if the company is operating at a loss and has negative equity. Most investors and financial institutions specializing in green investments usually set certain requirements regarding the financial stability and profitability of the enterprises that apply to them. In addition, there is a war going on in Ukraine and attracting foreign investors is unlikely.

References

Рублик В.М. Зелені облігації як інструмент фінансування екологічних проектів. Інвестиції: практика та досвід. №4. 2020. С.73-76.

Які екологічні ініціативи впроваджуватимуться в Україні в процесі післявоєнного відновлення і що потрібно робити вже зараз? Екологічні реформи України на шляху до ЄС. URL: https://www.epravda.com.ua/columns/2022/08/10/690226/

Качмар Н.В., Дацко Т.М., Мазурак О.Т., Панасюк Р.М. Роль екологічної освіти у процесі забезпечення екологічної безпеки держави. Екологічна безпека – сучасні напрямки та перспективи вищої освіти: зб. тез доповідей I Міжнародної інтернет-конференції 25 лютого 2021 року. 2021. С. 67-70.

Ініціатива з розвитку екологічної політики й адвокації в Україні. Міжнародний фонд відродження. URL: https://www.irf.ua/program/ecology/

Енергетика та енергетична безпека. Агентство США з міжнародного розвитку (United States Agency for International Development). URL: https://www.usaid.gov/uk/ukraine/energy-and-energy-security

Маркевич К. «Зелені» інвестиції у сталому розвитку: світовий досвід та український контекст. Аналітична доповідь. Київ. 2019. 316 с.

Millennium Ecosystem Assessment. Ecosystems and Human Well-being Synthesis Peport. Washington DC : Island Press, 2005. 160 p.

Pearce D. W., Turner R. K. Economics of Natural Resources and the Environment. New York : Harvester Wheatsheaf, 1990. 378 р.

Pagiola S., Ritter K., Bishop J. How Much is an Ecosystem Worth? Assesing the Economic Value of Conservation. The World Bank, Washington D. C., 2004. 58 р.

Пімоненко Т.В. Детермінанти підвищення ефективності менеджменту зелених інвестицій. Економічний вісник Національного гірничого університету. 2019. № 1. С. 158-165. URL: http://nbuv.gov.ua/UJRN/evngu_2019_1_16

Rublyk V.M. (2020) Zeleni oblihatsiyi yak instrument finansuvannya ekolohichnykh proektiv [Green bonds as a tool for financing environmental projects]. Investytsii: praktyka ta dosvid, no. 4, pp.73-76.

Iaki ekolohichni initsiatyvy vprovadzhuvatymutsia v Ukraini v protsesi pisliavoiennoho vidnovlennia i shcho potribno robyty vzhe zaraz? [What environmental initiatives will be implemented in Ukraine in the process of post-war recovery and what needs to be done now?]. Ekolohichni reformy Ukrainy na shliakhu do EU. Available at: https://www.epravda.com.ua/columns/2022/08/10/690226/

Kachmar N.V., Datsko T.M., Mazurak O.T., Panasyuk R.M. (2021) Rolʹ ekolohichnoyi osvity u protsesi zabezpechennya ekolohichnoyi bezpeky derzhavy [The role of environmental education in the process of ensuring the environmental security of the state]. Proceedings of the Ekolohichna bezpeka – suchasni napriamky ta perspektyvy vyshchoi osvity (February 25, 2021), pp.67-70.

Initsiatyva z rozvytku ekolohichnoi polityky y advokatsii v Ukraini [Initiative for the development of environmental policy and advocacy in Ukraine]. Mizhnarodnyi fond vidrodzhennia. Available at: https://www.irf.ua/program/ecology/

Enerhetyka ta enerhetychna bezpeka [Energy and energy security]. Ahentstvo SShA z mizhnarodnoho rozvytku (United States Agency for International Development). Available at: https://www.usaid.gov/uk/ukraine/energy-and-energy-security

Markevych K. (2019) «Zeleni» investytsii u stalomu rozvytku: svitovyi dosvid ta ukrainskyi kontekst. [Green investments in sustainable development: world experience and the Ukrainian context]. Analitychna dopovid. Kyiv. 316 р.

Millennium Ecosystem Assessment. Ecosystems and Human Well-being Synthesis Peport. (2005). Washington DC: Island Press, 160 p.

Pearce, D. W. and Turner, R. K. (1990). Economics of Natural Resources and the Environment. New York: Harvester Wheatsheaf, 378 р.

Pagiola, S., Ritter, K. and Bishop, J. (2004). How Much is an Ecosystem Worth? Assesing the Economic Value of Conservation. The World Bank, Washington D.C., 58 p.

Pimonenko T.V. (2019). Determinanty pidvyshchennia efektyvnosti menedzhmentu zelenykh investytsii. [ Determinants of improving the effectiveness of green investment management] Ekonomichnyi visnyk Natsionalnoho hirnychoho universytetu, no 1, pр. 158-165. Available at: http://nbuv.gov.ua/UJRN/evngu_2019_1_16

Article views: 73
PDF Downloads: 68
Published
2023-07-31
How to Cite
Shtyk, Y., Dolgova, L., & Skibitska, L. (2023). CONCEPTUAL PRINCIPLES OF FINANCING "GREEN" PROJECTS OF BUSINESS STRUCTURES UNDER THE CONDITIONS OF SUSTAINABLE DEVELOPMENT. Digital Есопоmу and Economic Security, (7 (07), 41-45. https://doi.org/10.32782/dees.7-6