Green finance as a tool to stimulate investments in environmentally sustainable projects

Autor: U. S. Karimov
Jazyk: English<br />Russian
Rok vydání: 2024
Předmět:
Zdroj: Вестник университета, Vol 0, Iss 7, Pp 162-169 (2024)
Druh dokumentu: article
ISSN: 1816-4277
2686-8415
DOI: 10.26425/1816-4277-2024-7-162-169
Popis: This article discusses one of the most effective methods of financing investments in fixed assets through loans or bonds. The mechanism of green financing is a tool that can attract part of the necessary investments to achieve ambitious goals of the designated strategy. The ESG (environmental, social, governance) agenda has recently become one of the most popular and widely discussed topics in global communities, including financial ones, as any transformation and change in business and economic conjunctures often require a significant amount of investment. The largest number of questions is raised by the E (environmental) component which is responsible for ecology, namely for ensuring decarbonisation of economic and social processes as well as for adapting to the challenges associated with the global energy transition, for protecting and multiplying natural capital, and reducing the harmful human impact on the environment. The article also provides a methodology for calculating the greenium that investors are willing to pay the issuer. The main attention is paid to a detailed analysis of the current state of the green bond market and to the process of forming a greenium in the Russian green finance market which will help investors make informed decisions when choosing investments.
Databáze: Directory of Open Access Journals