Green Bonds like the Incentive Instrument for Cleaner Production at the Government and Corporate Levels: Experience from EU to Ukraine

Abstract

The paper deals with analysis of the main features and perspectives of green bonds development. Under the investigation the European Union experience of developing and functioning the green bonds market were analysed by the authors. The authors systematised the main approaches to define green bonds. Thus, the green bonds were defined as the debt investment in which an investor loans money which borrows the funds for a defined period at a variable or fixed interest rate with purpose to raise money and finance the variety of green projects and activities. In this direction, green projects mean the all activities which connected with resources saving and environmental protection activities. According to this result, the main features, parameters and principles of green bonds were indicated by the authors. Besides, based on the European Union experience the authors allocated the main pre-requisites of developing the green bonds market in Ukraine. Moreover, the authors allocated the main players at the green bonds market. According to the European Union experience and Ukraine conditions, the attractive directions of green bonds market for investors were identified by the authors. With this purpose the authors tried to consolidate the main advantages and disadvantages of green bonds for investors. According to the results, in conclusion, the authors allocated the possible economic, social, political and environmental benefits of green bonds market for issuers with purpose to attract their attention and to develop the green bonds market in Ukraine.

Sustainable development goals as a tool for strategic planning in communities: a bibliometric analysis of research

“…Some researchers have devoted their work to the study of energy independence of all types of resources and investments in renewable energy as a guarantee of sustainable development [9][10][11][12][13][14][15][16][17]. The study of forecasting of the country's development strategy based on social progress and macroeconomic stability, lifelong learning, as well as the country's food security and the role of sustainable development have been reflected in numerous scientific papers [18][19][20][21][22][23][24][25][26].…”

Convergence trends of environmental taxation in European countries

“…In turn, some researchers [23][24][25][26][27][28][29][30][31][32] stand at a point that further expansion of environmental responsibility is triggered by primary environmental prerequisites (for instance, expansion of renewable electricity outputs leads to intensification of economic growth that in turn allows business to finance more environmental initiatives; or expansion of green investments helps to increase business performance and in turn realize more large-scale investment projects, etc. )…”

Cooperation and integration processes and models in context of development of branches of economy and territories

“…After all, the use of the potential can stimulate not only complex technological export production, but also development of industries, in particular, formation of the agro-industrial complex. Obviously, this sector, as a leader of the economy, can become one of the system-makers, stimulate development of economic and social processes in the respective territories (Chygryn et al, 2018;Czyzewski & Majchrzak, 2017;Czyzewski et al, 2018;Ivanov et al, 2016a;2016b;2016c;Ivanov et al, 2017;Kharazishvili et al, 2016;Lyeonov et al, 2018;Pająk et al, 2016;Yakubovskiy et al, 2017).…”