КОНВЕРСІЯ БОРГУ НА КЛІМАТИЧНІ ЦІЛІ ЯК ІНСТРУМЕНТ СТАЛОГО ПІСЛЯВОЄННОГО ВІДНОВЛЕННЯ УКРАЇНИ

Abstract

The article delves into the pressing issue of Ukraine's escalating debt burden amidst the ongoing full-scale russian invasion. The author analyzes the impact of Ukraine's growing public debt on its ability to adhere to the European Green Deal's provisions as it progresses towards EU membership The purpose of the article is to substantiate the feasibility of using a debt conversion mechanism as a tool to address Ukraine's burgeoning external obligations and foster a sustainable post-war recovery. Throughout the study, the author employed a combination of general scientific and specific methods. In particular, the methods of induction and scientific abstraction allowed to outline the impact of Ukraine's growing external debt on its ability to implement sustainable development initiatives. The methods of analysis and generalization were used to determine the current state and prospects of Ukraine in the context of climate change adaptation. Correlation-regression analysis revealed a relationship between the indicators of the external debt volume and the level of direct infrastructure damage in Ukraine. The method of graphical description was used to visualize the study's findings. The author contends that Ukraine's debt burden will continue to grow, and the country's ability to internally refinance its debt will diminish due to the ongoing war and its devastating consequences for infrastructure. Simultaneously, the imperative of prioritizing post-war reconstruction based on sustainable development, under EU legislation requirements, particularly the European Green Deal, is emphasized. Based on the findings of the Notre Dame Global Adaptation Index, positive trends in Ukraine's ability to implement climate change adaptation measures have been identified. Furthermore, the prospects for continued EU support in Ukraine's green post-war recovery process are highlighted. The author advocates for the feasibility of employing a debt conversion mechanism for Ukraine through its exchange for climate-oriented goals.