ИННОВАЦИОННЫЕ СТРАТЕГИИ ФИНАНСИРОВАНИЯ ГОЛУБОЙ ЭКОНОМИКИ: ОБМЕН ДОЛГА НА ПРИРОДУ

Abstract

Environmental degradation and macroeconomic instability have a negative impact on the achievement of the Sustainable Development Goals of the blue economy strategy. Initiatives by the international community are aimed at developing innovative financial mechanisms aimed at jointly addressing these problems. Financial instruments aimed at the cancellation of all or part of sovereign debt in exchange for channelling financing into blue economy projects can improve environmental sustainability and reduce the public debt of developing countries and thus contribute to the stabilization of the international financial system. This research article is an attempt to identify and analyze the applicability of innovative mechanisms for sustainable financing of the blue economy, given its importance for achieving sustainable development goals. Debt-for-nature swapping is most effective in situations where alternative financing instruments are limited and/or when governments are interested in improving credit ratings. The financial instruments of sustainable financing, which underpin the debt-for-nature swap mechanism, are an effective tool for improving the country’s credit rating and at the same time preserving natural ecosystems. In order to identify projects that meet the criteria for participation in debt exchange programs, the author proposes a model for assessing the compliance of investment projects with the criteria of sustainable blue financing.