ACTUAL PROBLEMS OF FINANCING ON THE WAY OF UKRAINE’S ACCESSION TO THE EUROPEAN GREEN COURSE

Abstract

The purpose of this publication is to identify current problems in the field of financing Ukraine’s accession to the European Green Course and to present possible ways of solving them. This issue is particularly relevant in view of the deepening of environmental problems because of active military operations in Ukraine. To achieve the set goal, general scientific methods were used: the method of scientific generalization - to confirm the relevance of the study in modern economic conditions, analysis - to identify the most pressing problems of financing on the way of Ukraine’s accession to the European Green Course based on official statistical data, forecasting and scientific extrapolation - to form proposals for solving the identified author’s problems of financing Ukraine’s movement towards the European Green Course. The main results of the study, which form its scientific novelty, were: analysis of the current state of investment in measures that contribute to Ukraine’s declared intentions to achieve climate neutrality by 2060; laying down the principles of circular economy as the basis for necessary economic changes in the country on its way to following the European Green Course; identifying the most important problems, including financial ones, that hinder declared intentions to achieve climate neutrality; identifying possible sources of financing for necessary changes by individual sectors of Ukraine’s economy that produce the largest volumes of emissions into the atmosphere; proposal of possible ways for further more productive movement of Ukraine’s economy towards the European Green Course. About the sources of investment financing for following the European Green Course, such sources can be funds of the state and local level, the costs of large, medium and small businesses, as well as the peculiarities of the cost, structure and volumes, which differ depending on the sector of the economy and the required volume financing. The practical significance of the obtained results due to the proposals identified by the author and identification of sources of financing for necessary measures on Ukraine’s way to comply with the European Green Course lies in their possible application by national economic entities with a view to achieving climate neutrality.