Abstract

Introduction. The consequences of global climate change and environmental degradation have predetermined the need to create a more sustainable economy. Transforming the economy to make it more sustainable requires intensive investment, especially to ensure the transition to “green” and low-carbon technologies. Different types of “green” investments contribute to the “green” economy in various ways. Each of these functions is critical to making significant progress in the fight to reduce greenhouse gas emissions and combat climate change, and each area offers investment opportunities. Given that the public sector alone cannot cover this financial need, the solutions have been found to attract the private sector. Purpose. Various types of “green” projects are analyzed; the most effective financial instruments are recommended, as well as the mechanisms of state support. Methods. The methodological framework for the study is the methods of scientific cognition, among which the main ones are the methods of systematicity, analysis and comparative law. Results. The author has analyzed the legal regulation of the sphere of “green” finance in the world and in Russia. Conclusions. The interest in eco-friendly and sustainable financing is growing very rapidly among investors around the world. To attract more investors, there is a need to increase the level of standardization and disclosure of non-financial information published by companies and used for risk assessment. Given that climate change and environmental degradation are global challenges, the international cooperation and active involvement of investors around the world is an important task.

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