Financial Mechanism for Implementing the Ideas Concepts of Sustainable Development and «Green Economy»
Journal Title: Економічний часопис Східноєвропейського національного університету імені Лесі Українки - Year 2018, Vol 4, Issue
Abstract
It is proved in the article that the main common feature of the concepts of sustainable development and the «green» economy is their focus on preserving nature and preventing warming of the climate, as this leads to deterioration of the social conditions of reproduction not only at the present moment, but also in the future. At the same time, the concept of a «green» economy provides for an accelerated transition to the use of renewable energy sources, which could lead to the closure of many enterprises and a significant reduction of jobs in traditional sectors of the economy. It is revealed that the main problem for most countries of the world is the lack of financial resources for the transition to an ecological economy in which there would be no significant unemployment. In addition, the global trend is a gradual increase in carbon tax rates, which is an overwhelming burden for most developing countries. It is proved that carbon tax is one of the main structural elements of the financial mechanism of the combination of sustainable development and the «green» economy, which besides it includes a range of financial incentives and fines (international investments and innovations, «green» tariffs, «warm» loans , «green» bonds, loans from «green» banks, etc.). It has been found that international environmental organizations and developed countries can not yet allocate appropriate funds to less developed countries for their transition to a «green» economy. Therefore, each country is now looking for ways to combine sustainable development with a green economy that does not hurt its development, but often it does not correspond to the international environmental and climate agreements that have been signed. Therefore, the international community must seek financial incentives to comply with these agreements. It has been proved that the form of solving the problems of financing climate projects in developing countries could be the creation of a Joint International Climatic Fund. It is found that in order to provide conditions for sustainable development, it is possible to use global taxes on financial transactions; taxes on export of oil in developed countries; funds of international development banks; carbon charges, for example, from international transport; part of the direct or indirect subsidies for the extraction and consumption of fossil fuels.
Authors and Affiliations
Mykola Karlin
Keywords
Related Articles
- EP ID EP427505
- DOI 10.29038/2411-4014-2018-04-108-113
- Views 129
- Downloads 0
Methodological Bases of Formation of the Socioeconomic and Environmental Constraints Ownership of Natural Recreation and Tourism Resources
It is proved that the essence of the concept of economic and environmental constraints form of ownership of natural recreation and tourism resources lies in the fact that regardless of the form of ownership of the natura...
Reporting on Sustainable Development: Perspective for Stakeholders’ Decision Making and Problem for Presentation in an Integrated Format
The article deals with key prospects and challenges in compiling and reporting on sustainable development, describing trends in its distribution. The author summarizes the key benefits of reporting on sustainable develop...
Content Description of the Functioning of Regional Real Estate Markets
In article scientific approaches to the essence «of the regional real estate market», worked out a considerable number of scientific publications standardized basic provisions and statements regarding meaningful definiti...
The Genesis of the Theory of Taxation in the Western Scientific Tradition
The historical retrospective of the divergence of scientific theories of the taxation in the western scientific tradition and their influence on the formation of modern approaches to the construction of an efficient tax...
Evaluation Market Investment Resources in Construction Industry
The market of investment resources in construction industry is a complicated open system of relations between different subjects of investment process and has special characteristics as well as some features common for a...