Abstract
The article studies the strategic directions of the Eurasian Development Bank as an important element of the institutional structure of the global green finance market.The current differentiated global structure of green finance market institutions has been shown, and the substantive focus of organisations at two levels of the institutional structure of this market has been shown. A statistical overview of green finance institutions by country, region, type and financial instruments used has been made. The role of multilateral development banks in the structure of such institutions has been shown. The need for the formation of institutions in the green financial market segment as a necessary element of green finance has been substantiated.The structure of institutions on two levels has been given: 1) subjects – participants of the green bond market; 2) a set of institutions developing and shaping the methodology for green financial instruments assessment, standards, taxonomy, ratings. Using the global green bond market as an example, up-to-date statistics and analysis of the broader composition of issuers of green financial instruments by country, world region, sovereign and corporate participants, and development institutions have been presented. Emphasis has been placed on public issuers and the participation of multilateral development institutions in financing green economy projects in various countries. The experience of Eurasian Economic Union countries in developing green finance has been summarised and the prospects for Russia and Kazakhstan in the green finance movement have been noted.The institutions of the differentiated structure of the global green finance market identified in the study have been grouped into two levels depending on the profile of their participation in the green economy; the directions and tools for the prospective development of the Eurasian Development Bank’s green finance activities have been defined; recommendations for prospective aspects of the methodological and analytical activities of the bank in the context of the Eurasian Development Bank Strategy 2022–2026 have been proposed.The study applied an analysis of scientific literature in the field of institutional theory, green economy and green finance, statistical, comparative, factual analysis, review and analysis of information from official websites of international development institutions, government and corporate entities, international rating agencies included in the architecture of the global green finance market.
Highlights
The article studies the strategic directions of the Eurasian Development Bank as an important element of the institutional structure of the global green finance market
Emphasis has been placed on public issuers and the participation of multilateral development institutions in financing green economy projects in various countries
The institutions of the differentiated structure of the global green finance market identified in the study have been grouped into two levels depending on the profile of their participation in the green economy; the directions and tools for the prospective development of the Eurasian Development Bank’s green finance activities have been defined; recommendations for prospective aspects of the methodological and analytical activities of the bank in the context of the Eurasian Development Bank Strategy 2022–2026 have been proposed
Summary
Евразийский банк развития, 205Т3D0, пр-т Мангилик, 55/20, стр. 4.1, г. В статье изучены стратегические направления деятельности Евразийского банка развития как важного элемента институциональной структуры глобального рынка «зеленого» финансирования. Показана современная дифференцированная глобальная структура институтов рынка «зеленых» финансов, установлена содержательная направленность деятельности организаций двух уровней институциональной структуры указанного рынка. Установленные в ходе исследования институты дифференцированной структуры глобального рынка «зеленого» финансирования сгруппированы по двум уровням в зависимости от профиля своего участия в «зеленой» экономике; определены направления и инструменты перспективного развития деятельности Евразийского банка развития в указанной области; предложены рекомендации по перспективным аспектам методологической и аналитической деятельности банка в контексте Стратегии Евразийского банка развития 2022–2026. В процессе исследования применялся анализ научной литературы в области институциональной теории, «зеленой» экономики и «зеленых» финансов, статистический, сравнительный, фактологический анализ, обзор и анализ информации официальных сайтов международных институтов развития, государственных и корпоративных структур, международных рейтинговых агентств, включенных в архитектуру глобального рынка зеленых финансов.
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