The role of green bonds in financing sustainable development projects: experience and prospects for the Russian economy

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In the context of the global transition to sustainable development, green bonds are becoming an effective tool for financing projects in the field of environmental protection, renewable energy development and socially significant initiatives. The relevance of the topic is due to the increasing trend towards issuing bonds to finance sustainable development projects on the global and domestic markets. This article examines the role of green bonds as a tool for financing sustainable development projects in the Russian market, establishes their current status in the context of international and national standards, identifies the main factors preventing their rapid integration into the Russian economy, and analyzes the conditions that determine the further development of this instrument in the Russian Federation. The key results demonstrate the successful experience of issuing green issues by Russian issuers with a relatively small number of projects, demand from the government, development institutions, financial organizations and companies in the real sector, active formation of a regulatory framework and the development of support mechanisms in the field of sustainable development. The existing barriers to the growth of the green bond market are also highlighted, including regulatory uncertainty and lack of incentive measures, unfavorable economic conditions, limited access to international capital markets and verifiers, the loss of «greenium», as well as low awareness of companies and investors amid a lack of expertise in the organization of green issues.

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Green bonds, sustainable development, ESG transformation, financial instruments, environmental projects, green finance market

Короткий адрес: https://sciup.org/142245986

IDR: 142245986   |   УДК: 336.763   |   DOI: 10.17513/vaael.4339