Development of the green bonds market
DOI:
https://doi.org/10.35774/visnyk2023.03.055Keywords:
green economy, financial instruments, green finance, green bonds market, social bonds, investmentAbstract
Introduction. It is determined that this type of investment is a significant segment for Ukraine as a member of global sustainable development. This financial segment is in a progressive and positive development stage. There is a need for a deeper study of the bonds in Ukraine and worldwide.
Aim. The article aims to identify the global and national trends in the development of green bond markets to attract financial investments for the implementation of environmentally significant projects, as well as keep and substantiate the prospects for the development of this market in Ukraine.
Methods. The theoretical basis of the research is the dialectical method of cognition, analysis, and synthesis, as well as a complex approach to the study of economic processes in the field of financial investments. Specific methods of research, such as historical and economic analysis, statistical and economic analysis, abstract and logical analysis, and graphical methods were used.
Results. The article presents the positive dynamics of the global green bonds market. The legal and regulatory framework that regulates the movement of green bonds in Ukraine is examined. The results of the research are relevant for application in the national financial system.
The practical significance of the obtained results is that the proposals developed during the research will be used to create organizational support at various stages of the development of the green bond market in Ukraine. This will redirect financial flows toward the development and financing of green projects.
Prospects. The prospects for further research are to utilize innovative mechanisms. Green bonds have created a new way to attract investors to green projects.
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