Credit Instruments as Part of the «Green» Finance Policy
The article is aimed at studying the credit instruments of «green» finances. The Kyoto Protocol calls for the use of credit instruments to effectively counter climate change. The article substantiates the need for active use in the world of such credit instruments for environmental management («green» finances), such as carbon credit, «green» certificates, «green» bonds. The current tendencies in the use of credit instruments to counter environmental risks are considered. The authors also consider the process of trading CO2 emissions certificates (emissions trading system). One of the main instruments of «green» financing - «green» credit - has been researched. The essence of the emissions trading system, carbon credit, «green» bonds and «green» certificates is considered. The need to use «green» certificates and «green» bonds in Ukraine is discovered. The bond market and the value of «green» bonds in the world are analyzed. A number of advantages and risks of the introduction of «green» bonds in Ukraine is defined. Measures to popularize credit instruments in Ukraine are proposed. Prospect for further research in this direction is to consider increasing the attractiveness of the above mentioned credit instruments.