Features of Green Banking Development in Sustainable Economy for Ukraine’s Reconstruction
The article substantiates the necessity to mobilize internal investment resources by channeling bank capital into the restoration of green financing and the development of sustainable green projects in Ukraine. The characteristics of financial instruments that contribute to the development of the gr...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
PH "INZHEK"
2024-09-01
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| Series: | Problemi Ekonomiki |
| Subjects: | |
| Online Access: | https://www.problecon.com/export_pdf/problems-of-economy-2024-3_0-pages-261_275.pdf |
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| Summary: | The article substantiates the necessity to mobilize internal investment resources by channeling bank capital into the restoration of green financing and the development of sustainable green projects in Ukraine. The characteristics of financial instruments that contribute to the development of the green economy and can be implemented in green banking models are disclosed. Based on the analysis of the historical retrospective of the formation and activity of international organizations in the field of green financing, the perspective directions of the regulation of green banking in Ukraine are outlined, in particular, an assessment of the monetary and financial policy of the central banks of the leading countries of the world with regard to its impact on green investment is carried out. Further, an assessment of the current state of implementation of green financing projects by leading banks of Ukraine is carried out, which made it possible to determine the level of their orientation to the regulation of ESG risks and to identify the prospects of mobilizing private capital to invest in the green national growth. Taking into account the characteristics of the indicators of social and environmental corporate responsibility of Ukrainian banking, recommendations have been developed on the activation of banks' participation in green banking projects. This article can help regulators related to the achievement of ESG projects by using the sharing economy and green energy financing. |
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| ISSN: | 2222-0712 2311-1186 |