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Green Financial Instruments of Cleaner Production Technologies

Author

Listed:
  • Viktor Koval

    (Department of Business and Tourism Management, Izmail State University of Humanities, 68600 Izmail, Ukraine)

  • Olga Laktionova

    (Department of Finance and Banking, Pryazovskyi State Technical University, 87555 Mariupol, Ukraine)

  • Dzintra Atstāja

    (Legal Department, Faculty of Law, Rīga Stradiņš University, LV-1007 Riga, Latvia)

  • Janis Grasis

    (Legal Department, Faculty of Law, Rīga Stradiņš University, LV-1007 Riga, Latvia)

  • Iryna Lomachynska

    (Faculty of Economics and Law, Odessa I.I. Mechnikov National University, 65000 Odessa, Ukraine)

  • Roman Shchur

    (Department of Finance, Vasyl Stefanyk Precarpathian National University, 76018 Ivano-Frankivsk, Ukraine)

Abstract

Despite the rather long period of solving environmental issues and research, the problems of attracting green financial instruments as sources of financing and stimulating the development and implementation of clean technologies have not been sufficiently studied. The aim of the study is to: conduct a theoretical analysis of the available data; identify trends and study green financial instruments and propose their classification; formulate hypotheses for the development of green financial instruments; and apply empirical methods of analysis to identify the dynamics of the development of environmental taxation in the EU budget. A theoretical analysis of available sources identified existing green financial instruments, which were classified as: (a) aimed at improving existing technologies for the production of goods and services through the development of greening and eco-modernization projects that contribute to the reduction of greenhouse gas emissions; (b) aimed at the development and implementation of innovative projects that change the technology for the production of goods and services, completely eliminating the emission of greenhouse gases. The hypotheses put forward for the study of the management of green financial instruments through the use of financial management mechanisms are formulated through theoretical analysis based on the environmental taxation of production technologies.

Suggested Citation

  • Viktor Koval & Olga Laktionova & Dzintra Atstāja & Janis Grasis & Iryna Lomachynska & Roman Shchur, 2022. "Green Financial Instruments of Cleaner Production Technologies," Sustainability, MDPI, vol. 14(17), pages 1-17, August.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:17:p:10536-:d:896157
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    References listed on IDEAS

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