Improving institutional support for climate financing

Introduction. In the context of the enormous impact of growing climate change on all aspects of the country's life, Ukraine's aspiration to fulfil the Sustainable Development Goals (SDGs), the implementation of European environmental standards in the production sector and consumption by our state, and the full-scale war of the Russian Federation against Ukraine, the search for ways to minimize the negative impact on the environment, achieve environmental sustainability, increase the energy efficiency of domestic production, and expand sources of climate financing is of great importance. To fulfil these tasks, it is necessary to improve the institutional support for climate financing. Problem Statement. Improving the institutional support for climate financing is a complex, complex task that requires the application of best foreign practices and modern approaches to solving problems, shortcomings, and unresolved issues in this area that have accumulated recently. Attention should be paid to a clear definition of the directions for improving the institutional support of climate finance in all its supporting subsystems, the central executive bodies of Ukraine responsible for this, and to increasing the coordination of their actions in this area. The purpose is to identify areas for improving the institutional support for climate finance. Methods. A systematic approach, methods of generalization, comparative and expert analysis were applied. Results. The directions for improving the subsystems of institutional support of climate finance in Ukraine were clarified, and their substantive content was proposed. Conclusions. Improving the institutional support of climate finance in Ukraine is possible through a comprehensive solution to the problems of improving scientific, legal, regulatory, methodological / methodical, organizational support subsystems, supplemented by the formation of adequate accounting and reporting, technological, personnel, and financial support for climate finance.

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Publication Details

Journal
Fìnansi Ukraïni
Published
2025-06-30
DOI
https://doi.org/10.33763/finukr2025.06.059
Primary Topic
Climate Change Policy and Economics
Type
article
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article

Improving institutional support for climate financing

Олена Щербакова
Fìnansi Ukraïni
Climate Change Policy and Economics
article

Improving institutional support for climate financing

Олена Щербакова
article en

Abstract

Introduction. In the context of the enormous impact of growing climate change on all aspects of the country's life, Ukraine's aspiration to fulfil the Sustainable Development Goals (SDGs), the implementation of European environmental standards in the production sector and consumption by our state, and the full-scale war of the Russian Federation against Ukraine, the search for ways to minimize the negative impact on the environment, achieve environmental sustainability, increase the energy efficiency of domestic production, and expand sources of climate financing is of great importance. To fulfil these tasks, it is necessary to improve the institutional support for climate financing. Problem Statement. Improving the institutional support for climate financing is a complex, complex task that requires the application of best foreign practices and modern approaches to solving problems, shortcomings, and unresolved issues in this area that have accumulated recently. Attention should be paid to a clear definition of the directions for improving the institutional support of climate finance in all its supporting subsystems, the central executive bodies of Ukraine responsible for this, and to increasing the coordination of their actions in this area. The purpose is to identify areas for improving the institutional support for climate finance. Methods. A systematic approach, methods of generalization, comparative and expert analysis were applied. Results. The directions for improving the subsystems of institutional support of climate finance in Ukraine were clarified, and their substantive content was proposed. Conclusions. Improving the institutional support of climate finance in Ukraine is possible through a comprehensive solution to the problems of improving scientific, legal, regulatory, methodological / methodical, organizational support subsystems, supplemented by the formation of adequate accounting and reporting, technological, personnel, and financial support for climate finance.

Fìnansi UkraïniVol. 2025(6)
Openalex Percentile: Top 75%
Climate Change Policy and Economics
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