Financial issues of implementing green technologies in the energy sector

Abstract

The modern economy is characterized by a significant focus on innovative technologies that affect the environmental situation in the country, have a positive impact on resource conservation, etc. Such technologies are now called green technologies, as they are aimed at preserving natural resources and transitioning to the economical use of all types of resources. Obviously, green technologies are financed with the participation of the state, but one of the tasks of the state should be to create a market environment where investors would be financially interested in investing in green projects, which indicates the complexity and multifaceted nature of the problem under consideration. The object of research: Modern opportunities for financing green technologies. Investigated problem: Given the relevance of the topic under study, its purpose is to specify the financial aspects of the introduction of green technologies in the energy sector. The methodological basis of the work is statistical analysis and SWOT analysis, which allows to specify the strengths and weaknesses, as well as opportunities and threats of green technologies. The main scientific results: The study proves that one of the main directions of financial development of green technologies should be green bonds as a tool for raising funds from individuals and legal entities for the implementation of ambitious innovative projects in the field of resource conservation and environmental safety. The analysis of statistical materials also showed that the situation with attracting investments in the field of green technologies has improved somewhat, but after the 2020 pandemic, their growth rate slowed down, as a result, it was proved that the main task of the state in stimulating the financial activity of investors in the green technology market is to popularize private investment in such projects. Despite the considerable interest of the scientific community in the problem of financing green technologies, this issue is quite new and the question of finding the optimal financial instruments for financing innovative resource-saving technologies remains open since legislation and scientific developments in this area are still being formed. The area of practical use of the research results: The scope of application of the research results is quite broad, and the specifics of work on financing green technologies can be useful both in the field of development and implementation of these technologies, and for those companies that are focused on financing green technologies and finding investors for their further development. Innovative technological product: The innovativeness of the technical product lies in the fact that an approach has been formed to create and further improve the conditions for the application of green technologies in various spheres of social and economic life of society. Scope of the innovative technological product: The scope of application is quite broad, in particular, it deals with the specifics of the implementation and development of green technologies in the energy, manufacturing, industrial and other spheres