Abstract
This article examines the issues and problems of ecology and climate change that concern an increasing number of people. In Russia, in particular, the attention of Russian companies and the government to the problem is increasing. Green finance is a tool that allows for a carbon transition to a green economy, providing extra-budgetary sources of funding for projects that provide this transition. To facilitate the transition of business to the principles of sustainable development, the Ministry of Industry and Trade of the Russian Federation has supplemented the compensation program for green bonds with green loans, and banks are developing new mechanisms to provide companies with a clear tool for cofinancing environmental projects.
Highlights
Despite the matured need to activate "green" finance in Russia, there is a lack of clear criteria for the transition from the current model of economic development in Russia to the model of "green" economy, providing the economy with green finance
Sustainable development, the position of the "green" economy is relevant for Russia, these phenomena are subject to careful study by the scientific community
By August 2018, the initiative was supported by 13,270 companies from 166 countries. - The network of central banks and financial supervisory authorities for the development of "green" financing (2017) - created with the aim of concentrating capital for the development of the environment, and manages the climate risks of the financial market. - Index of Inclusive Development (2018) - covers 12 indicators, created for the purpose of comprehensive information about the sustainable economic development of countries. - International Green Bonds Initiative (2018)
Summary
Despite the matured need to activate "green" finance in Russia, there is a lack of clear criteria for the transition from the current model of economic development in Russia to the model of "green" economy, providing the economy with green finance. Legislative changes in relation to the best available technologies are only part of a sustainable and natural economy, so it is necessary to develop the methodological foundations for the development of "green" finance. The experience of placing the first issue of "green" bonds in Russia has shown that there is a clear analysis of the activities of rating agencies in this direction, they lack competence in the field of assessing climate and environmental effects [1,2,3,4,5]. Sustainable development, the position of the "green" economy is relevant for Russia, these phenomena are subject to careful study by the scientific community. As for "green" finance, it is worth noting much less development and, as a result, the presence of a number of problems that require detailed study
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