Abstract
The article reveals the essence and substantive features of such a financial instrument as green bonds, the purpose of which is to attract funds for the financing of green projects, highlights the objective perquisites for the need to initiate and develop the green bond market in Ukraine, as well as the current legal status of this type of debt securities. Attention is paid to the essence of the category of “green financing”, a constituent element of which is considered to be green bonds, in particular, as a form of mobilizing funds for the implementation of green projects. The current state of the capital market in Ukraine, including the debt capital market, is studied, and barriers to the functioning of the domestic green bond market are identified, including problems of an economic (budgetary, tax), institutional, regulatory and political nature. Prospects for the development of the green bond market in Ukraine are identified, in particular, given the potential need to reformat the domestic energy system in the context of the “green” transition due to the devastating consequences of russian armed aggression in 2022.
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