EFFECTIVE DEVELOPMENT OF INDUSTRY THROUGH USE OF NEW TOOLS AND MECHANISMS

Abstract

The development of the industry stimulates the functioning of environmental projects related to agriculture, renewable energy sources, and environmentally friendly industry. Improving the system of “green” lending in banks contributes to the development of the private sector on new terms, which implies maximum preservation of natural resources and receiving more profit than from traditional projects. When issuing loans for the development of sustainable entrepreneurship, the banking sector seeks to support clients in the transition to sustainable solutions, since the conservation of resources and the creation of energy-saving technologies determine the future capabilities of the state. Green loans are an effective and significant tool for the development of sustainable entrepreneurship in the industry. And the conditions and procedure for issuing them are the mechanism through which the industry develops. Green loans can also be issued for projects of large clients in support of the industry, which meets the requirements of the SEB system. By choosing a green loan to finance a project, the enterprise becomes part of a sustainable management system. The most relevant areas for obtaining "green" loans are: renewable energy (solar, wind, tidal energy, bioenergy; energy efficiency - in relation to district heating or cooling; clean transport - non-fossil fuels or hybrid transport solutions; waste management - energy from waste and methane capture projects, as well as projects to reduce waste through process improvement; emission reduction - reduction of emissions of particulate matter, heavy metals and dioxins through physical, chemical, mechanical means; sustainable forestry - forestry projects with a forest management certificate or equivalent scheme certification; water and wastewater treatment – drinking water production, wastewater treatment, water resources management.