Abstract
Relevance of research topic. The global economic trend is characterized by the “greening” of investment processes in order to ensure sustainable development. One of the instruments of attracting green investments in the economy is green bonds. In this regard, there is a need to create and operate a green bond market in Ukraine. Formulation of the problem. Ukraine has joined the global institutions promoting sustainable development and has declared the transition to a “green” economy, so analysis of foreign experience is needed to develop recommendations to a regulatory framework that will help solve the problem of attracting “green” investments in the Ukrainian economy. Analysis of recent research and publications. Among scientists and practitioners dealing with the problems of green investments, we should mention O. Veklic, Y. Podvisotsky, K. Markevich, M. Grityshina, A. Frolov. Selection of unexplored parts of the general problem. The issue of using green bonds to finance environmental projects in Ukraine remains poorly understood. Setting the task, the purpose of the study. The purpose of the study is to analyze the global trends in the green bond market and to develop recommendations for using this type of bond to finance environmental projects in Ukraine. Method or methodology for conducting research. The theoretical basis of the study is the dialectical method of cognition and a comprehensive approach to the study of economic processes in the financial sphere. The following special methods of research were used: historical and economic analysis; statistical and economic analysis; abstract-logical analysis; graphic methods. Presentation of the main material (results of work). The article reveals the positive dynamics of the global green bond market development, and determines that this type of investment is an important segment for Ukraine, which is a member of the world institutions for sustainable development. The state of the regulatory framework in Ukraine, which regulates the circulation of green bonds, is considered. The concept of introduction and development of the green bond market in Ukraine is recommended. The field of application of results. The results of the study can be used in the national financial system. Conclusions according to the article. Analysis of the global market for green bonds has led to the conclusion that this financial segment is characterized by a progressive and positive development. Green bonds have created a new way of attracting investors to green assets, the advantage of which is that investors are involved in the issue of these financial instruments, which put environmental responsibility first. Creating a market for green bonds in Ukraine will allow us to accumulate and direct financial flows for the development and financing of domestic green projects.
Highlights
The article reveals the positive dynamics of the global green bond market development, and determines that this type of investment is an important segment for Ukraine, which is a member of the world institutions for sustainable development
The state of the regulatory framework in Ukraine, which regulates the circulation of green bonds, is considered
The concept of introduction and development of the green bond market in Ukraine is recommended
Summary
Одним из инструментов привлечения «зеленых» инвестиций в экономику являются «зеленые» облигации. Украина присоединилась к мировым институтам, которые пропагандируют устойчивое развитие и задекларировала переход к «зеленой» экономике, поэтому нужен анализ зарубежного опыта для разработки рекомендаций к нормативной базе, способствующей решению проблемы привлечения «зеленых» инвестиций в украинскую экономику. Остаются недостаточно изученными вопросы использования «зеленых» облигаций для финансирования экологических проектов в Украине. Целью исследования является анализ мировых тенденций на рынке «зеленых» облигаций и разработка рекомендаций для использования данного вида облигаций для финансирования экологических проектов в Украине. В статье выявлено положительную динамику развития мирового рынка «зеленых» облигаций, определено, что данный вид инвестиций является важным сегментом для Украины, которая является членом мировых институтов устойчивого развития. Рекомендовано к применению Концепцию внедрения и развития рынка «зеленых» облигаций в Украине. Анализ мирового рынка «зеленых» облигаций позволил сделать выводы, что данному финансовому сегменту присуще поступательное и позитивное развитие. «Зеленые» облигации, «зеленые» инвестиции, рынок «зеленых» облигаций, экологические («зеленые») проекты, устойчивое развитие
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