Features of Green Banking Development in Sustainable Economy for Ukraine’s Reconstruction
Sloboda L. Y., Dunas N. V., Mysko N. V.

Sloboda, Larysa Ya., Dunas, Nataliia V., and Mysko, Nestor V. (2024) “Features of Green Banking Development in Sustainable Economy for Ukraine’s Reconstruction.” The Problems of Economy 3:261–275.
https://doi.org/10.32983/2222-0712-2024-3-261-275

Section: Finance and banking

UDC 336.502

Abstract:
The article substantiates the necessity to mobilize internal investment resources by channeling bank capital into the restoration of green financing and the development of sustainable green projects in Ukraine. The characteristics of financial instruments that contribute to the development of the green economy and can be implemented in green banking models are disclosed. Based on the analysis of the historical retrospective of the formation and activity of international organizations in the field of green financing, the perspective directions of the regulation of green banking in Ukraine are outlined, in particular, an assessment of the monetary and financial policy of the central banks of the leading countries of the world with regard to its impact on green investment is carried out. Further, an assessment of the current state of implementation of green financing projects by leading banks of Ukraine is carried out, which made it possible to determine the level of their orientation to the regulation of ESG risks and to identify the prospects of mobilizing private capital to invest in the green national growth. Taking into account the characteristics of the indicators of social and environmental corporate responsibility of Ukrainian banking, recommendations have been developed on the activation of banks' participation in green banking projects. This article can help regulators related to the achievement of ESG projects by using the sharing economy and green energy financing.

Keywords: sustainable economy, green finance, green banking, instruments of green financing, innovation banking policy, methods of green banking, banks’ programs of green finance, ESG risks in banking.

Fig.: 1. Tabl.: 6. Bibl.: 36.

Sloboda Larysa Ya. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, IT STEP University (83a Zamarstynivska Str., Lviv, 79000, Ukraine)
Email: larisabaht@gmal.com
Dunas Nataliia V. – Candidate of Sciences (Economics), Associate Professor, Leading Specialist, Department of International Relations, Ivan Franko National University of Lviv (1 Unіversytetska Str., Lvіv, 79000, Ukraine)
Email: natadunas28@gmail.com
Mysko Nestor V. – Postgraduate Student, Lviv University of Business and Law (99 Kulparkіvska Str., Lviv, 79021, Ukraine)
Email: n@remoteua.com

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