Mechanism for financing sustainable development at various institutional levels

Анотація

Subject of research – a set of theoretical and methodological aspects and practical measures for financing sustainable development. Purpose of the research – development of theoretical and methodological bases and drafting recommendations concerning mechanism forfinancing sustainable development at various institutional levels. Method, methodology of work. Theoretical basis of the research is the position of economics, environmental economics, theory of sustainable development, institutional analysis, international affairs, and methodological basis is a set of general and special scientific methods. Results of the research: institutional framework for financing sustainable development issystematized, content mechanism for financing sustainable development at various institutional levels is substantiated; recommendations for improvement of financing sustainable development in Ukraine are drafted. Practical implications. Results of the research can be applied in the economy and governance in the decision making process on nature use and environmental protection. Conclusions. Effective mechanism for financing sustainable development impliescoordination of private interests with public objectives, and establishment the institutional framework that stimulate profitable investment,simultaneouslymobilization of public resources for mandatory activities in the field of sustainable development. It is necessary to improve the mechanism for financing, in particular in terms of changes in the structure of stimulation. In Ukraine, it is advisable to specify regulatory and legal frame work concerning instruments of mechanism for financing, with particular attention to stimulate the achievement of set objectives and activation of activitiesat all institutional levels for the mobilization of financial resources from available sources.

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