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RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS of Ukraine (KHARKIV, UKRAINE)

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Liburkina L. M.

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Green Bonds and Other Sustainable Development Instruments in the EU: Practices of Application and Prospects for Ukraine’s Postwar Recovery
Shubenko I. A., Kurovska N. O.

Shubenko, Inna A., and Kurovska, Nataliia O. (2026) “Green Bonds and Other Sustainable Development Instruments in the EU: Practices of Application and Prospects for Ukraine’s Postwar Recovery.” Business Inform 3:137–147.
https://doi.org/10.32983/2222-4459-2026-3-137-147

Section: Foreign Experience

Article is written in Ukrainian
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UDC 336.76:330.34:338.2(477)

Abstract:
The intensification of climate challenges and the need to transition to a low-carbon economy are driving the growing role of green financial instruments. In the European Union countries, a developed system of sustainable finance has been formed, in which green bonds and other financial mechanisms supporting environmentally oriented investments play an important role. For Ukraine, especially in the context of postwar recovery, studying European experience in the use of such instruments is relevant. The aim of the study is to examine the main green financial instruments in the European Union, in particular green bonds, and to substantiate the prospects for their use in the process of Ukraine’s postwar recovery. The study used general scientific and specialized methods: analysis and synthesis – to generalize theoretical approaches to green financing; comparative analysis – to compare the practice of applying sustainable financial instruments in EU countries and in Ukraine; economic-statistical method – to analyze the dynamics of green bond issuance in the EU; method of systematization and generalization – to classify green financial instruments. The article examines the main sustainable financial instruments, including: green loans, environmental taxes, green insurance, green leasing, and green bonds. The article analyzes the development dynamics of the green bond market in EU countries, identifies the role of the regulatory framework, in particular the EU Taxonomy and the European Green Bond Standard. The significance of these instruments for mobilizing investments in energy efficiency projects, renewable energy, and ecological modernization of the economy is substantiated. It has been found that green finance instruments are an important mechanism for ensuring sustainable economic development and can become an efficient source of financing for the postwar reconstruction of Ukraine. The implementation of European standards and the development of the national market of green financial instruments will contribute to attracting investments and integrating Ukraine into the European financial space.

Keywords: green finance, green bonds, green insurance, green leasing, sustainable development, postwar recovery of Ukraine, instruments.

Fig.: 2. Tabl.: 1. Bibl.: 21.

Shubenko Inna A. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Finance and Credit, Polissia National University (7 Staryi Blvd, Zhytomyr, 10008, Ukraine)
Email: [email protected]
Kurovska Nataliia O. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Finance and Credit, Polissia National University (7 Staryi Blvd, Zhytomyr, 10008, Ukraine)
Email: [email protected]

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