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Financial Analytics: Science and Experience
 

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Institutions and instruments of green financing in Russia and foreign countries

Vol. 13, Iss. 4, DECEMBER 2020

Received: 2 July 2020

Received in revised form: 16 July 2020

Accepted: 30 July 2020

Available online: 13 November 2020

Subject Heading: FINANCIAL INSTRUMENTS

JEL Classification: G20, G23

Pages: 398–413

https://doi.org/10.24891/fa.13.4.398

Tyutyukina E.B. Finance University under Government of Russian Federation, Moscow, Russian Federation
ebtyutyukina@fa.ru

https://orcid.org/0000-0001-5195-7230

Sedash T.N. Finance University under Government of Russian Federation, Moscow, Russian Federation
tnsedash@fa.ru

https://orcid.org/0000-0003-0067-4323

Subject. This article analyzes the accumulated experience of various foreign countries to create a national system of green financing in Russia.
Objectives. The article aims to identify the main instruments and institutions of green financing in world practice and determine the directions of their development in Russia to reduce potential threats to economic development in the long term.
Methods. For the study, we used general scientific cognition methods and a systems analysis.
Results. The article offers certain recommendations on the development of green financing in Russia.
Conclusions and Relevance. In Russia, the trust management industry is poorly developed. The investment policy of management companies does not provide green instruments and directions of green financing. The total volume of green bonds in Russia is at the level of funds of one foreign investment fund. The proposed recommendations can help accelerate the implementation of the ESG concept in all companies.

Keywords: areas of green financing, instruments, institutions

References:

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ISSN 2311-8768 (Online)
ISSN 2073-4484 (Print)

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