«GREEN» FINANCING IN RUSSIA: SPECIFIC FEATURES, BASIC TOOLS, PROBLEMS OF DEVELOPMENT

Author(s): Gavrilova E.N.

Rubric: Environmental economics

DOI: 10.21777/2587-554X-2020-2-48-54

Release: 2020-2 (33)

Pages: 48-54

Keywords: green Finance, green bonds, sustainable economic development, financing of environmental projects, green Finance tools

Annotation: The article examines the issues of development and formation of “green” financing in Russia. It is noted that currently “green” financing is becoming an integral component of achieving global and national sustainable development goals and forming a “green” economy, defining new environmentally sustainable contours and prospects for the development of the international financial system due to the active growth of the “green” segment of the global financial market and responsible investments. Financial and economic instruments in the “sphere” of the green economy, the specifics of the formation of “green” Finance in the country, as well as factors that hinder their development are analyzed. Attention is drawn to the fact that the investment paradigm itself is changing in favor of so-called transformative investments, or influence investments, which correspond not only to a certain level of economic expectations, but also have the potential for social and environmental impact. At the same time, the article concludes that there is a need for systematic, planned and coordinated institutional design of a multi-level system of various financial instruments, taking into account the characteristics of different types of investors, their incentives to implement “green” projects, as well as the potential effects of implementation.

Bibliography: Gavrilova E.N. «GREEN» FINANCING IN RUSSIA: SPECIFIC FEATURES, BASIC TOOLS, PROBLEMS OF DEVELOPMENT // Economics and Management. – 2020. – № 2 (33). – С. 48-54. doi: 10.21777/2587-554X-2020-2-48-54