Financial support for green economy projects in Russia based on the principles of sustainable development

The article presents the results of the analysis of the Russian eco-finance system: fundamental strategies, key regulatory documents, measures and tools. The analysis was based on the methodology of sustainable development and consideration of ESG factors. We found that the formation of the institutional framework of eco-finance and the development of advanced measures of support and stimulation of projects of green economy takes into account methodological principles for sustainable development: integrating anthropogenic impacts on natural areas; balanced decision-making on establishing regulatory requirements in the field of environmental safety, responsibility for negative impact on the environment; priorityof national interests in the development of measures. The analysis showed that there is an established system of measures to support and stimulate eco-projects, both administrative and financial, direct and indirect, incentives and sanctions. The system is evolving and being modernized: measures have been developed and implemented to support issuers of securities whose target orientation (securities) is related to investing in eco-projects, and a draft article “Environmental tax” has been developed and is being discussed. The features of the Russian system of support and stimulation of environmental projects are its “youth”, being at the stage of formation, and the “lack of configuration” of economic mechanisms, which makes it difficult to assess the effectiveness of the measures taken. When evaluating environmental projects and the effectiveness of support measures, it is advisable to take into account the principles of sustainable economy, as well as the relationship and mutual influence of ESG factors.