Abstract
Research on global practices in "green" financing has revealed that the most common approach is a mixed financing model, incorporating "green" financing (funds, certificates, carbon units’ sales), financial market resources, as well as contributions from the private and public sectors. Direct financing of projects aimed at reducing greenhouse gas emissions is one of the state’s roles. This can be accomplished through the allocation of public funds or the establishment of special funds for financing such projects. The state can also participate in creating favorable investment climate for "green" projects. Additionally, the state may be involved in developing and implementing standards and methodologies for the projects’ assessment and certification, as well as establishing a system for the registration and accounting of carbon units.
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