Investment and innovation component of financing nature-oriented solutions as nature protection measures from environmental protection funds

Authors

DOI:

https://doi.org/10.33730/2310-4678.3.2025.342538

Keywords:

targeted financing, environmental tax, consolidation of funds, environmental effect, environmental policy

Abstract

It is highlighted that the basic elements of the accumulation of funds for targeted financing of environmental protection measures in Ukraine are the environmental tax, monetary penalties for damage caused by violation of environmental protection legislation as a result of economic activity, as well as targeted and other voluntary contributions from enterprises, institutions, organizations and citizens that accumulate in environmental funds. It has been established that environmental protection funds are a permanent source of budget financing for the environmental protection sector. It was emphasized that the funds of environmental protection funds are concentrated in special accounts and are used only for environmental protection measures. It has been determined that the main directions of using environmental funds should indicate the main environmental problems of both the regions in general and each administrative entity in particular. Environmental funds perform the function of redistributing funds. Consolidation of funds in the environmental protection fund of the united territorial community makes it possible to use them for more significant and relevant measures that requires larger sums and has a greater environmental effect. It was found that environmental protection measures partially overlap with nature-oriented solutions. To bring Ukraine’s environmental policy closer to global environmental protection requirements, it is necessary to identify among environmental protection measures those that correspond to nature-oriented solutions so that they can be financed from environmental funds. It is proposed to include nature-based solutions in political and strategic documents as solutions to existing problems. The need to integrate nature-oriented solutions into regional environmental protection programs, as well as into the List of activities related to environmental protection measures, is emphasized.

References

  1. Labenko, O. M., & Safonyk, О. V. (2024). Analysis of state support for environmental protection measures: Problems of financing budget programs. Modeling the Development of the Economic Systems, 3, 107–114. doi: 10.31891/mdes/2023-10-14
  2. Polishchuk, I. R., & Perin, А. V. (2024). Expenditures on environmental protection measures in statistical reporting and enterprise management reports as indicators of the implementation of the concept of sustainable development during martial law. Economy and Society, 61. doi: 10.32782/2524-0072/2024-61-38
  3. IUCN at UN Climate Change Conference COP30. (n.d.). Defining nature-based solutions. Retrieved from https://portals.iucn.org/library/sites/library/files/resrecfiles/WCC_2016_RES_069_EN.pdf
  4. IUCN at UN Climate Change Conference COP30. (2020). IUCN global standard for NbS. Retrieved from https://www.iucn.org/news/europe/202007/iucn-global-standard-nbs#:~:text=The%20IUCN%20Global%20Standard%20for%20Nature%2Dbased%20Solutions%20is%20a,society)%20and%20resilient%20project%20management
  5. United Nations Environment Assembly of the United Nations Environment Programme. (2022). Resolution adopted by the United Nations Environment Assembly on 2 March 2022 UNEP/EA.5/Res.5. Distr.: General. 7 March 2022. Retrieved from https://wedocs.unep.org/bitstream/handle/20.500.11822/39864/NATURE-BASED%20SOLUTIONS%20FOR%20SUPPORTING%20SUSTAINABLE%20DEVELOPMENT.%20English.pdf?sequence=1&isAllowed=y
  6. Kuchma, T. L., & Tomchenko, O. V. (2019). Assessment of wetland ecosystem services based on Earth remote sensing data. In Ecological safety and balanced nature management in agro-industrial production: Proceedings of the International Scientific and Practical Conference (pp. 147–151). Kyiv: DІА.
  7. Shtohryn, M. O., & Shtohun, A. O. (2017). A system of environmental protection measures for the preservation of rare forest plant species in accordance with the management plan of the Kremenetsk Mountains NNP. Scientific Notes of Volodymyr Hnatyuk Ternopil National Pedagogical University. Series Biology, 4 (71), 54–58. Retrieved from http://catalog.library.tnpu.edu.ua/naukovi_zapusku/biolog/2017/Biol_4_17.pdf
  8. Yakymchuk, A. Yu. (2008). Economics and organization of the nature reserve fund of Ukraine. Rivne: NUWMEM.
  9. Order of the State Statistics Service of Ukraine No. 81 “On the approval of the form of state statistical observation No. 1 — environmental costs (annual) “Report on costs for the protection of the natural environment”. (2024, April). Retrieved from https://zakon.rada.gov.ua/rada/show/v0081832-24#n11
  10. Law of Ukraine No. 1264-XII “On Environmental Protection”. (1991, June). Retrieved from https://zakon.rada.gov.ua/laws/show/1264-12#Text
  11. Resolution of the Cabinet of Ministers of Ukraine No. 1147 “On approval of the list of activities related to environmental protection measures”. (1996, September). Retrieved from https://zakon.rada.gov.ua/laws/show/1147-96-%D0%BF#Text
  12. Budget Code of Ukraine No. 2456-VI. (2010, July). Retrieved from https://zakon.rada.gov.ua/laws/show/2456-17-#Text
  13. Rivne Regional State Administration. (2024). Report on the state of the environment in the Rivne region in 2023. Retrieved from https://www.ecorivne.gov.ua/tmp/dopovid_2023.pdf
  14. Order of the Head of the Rivne Regional State Administration — Head of the Regional Military Administration No. 165 “On approval of the regional environmental protection program for 2022–2026”. (2021, June). Retrieved from https://ror.gov.ua/diyuchi-oblasni-programi
  15. Convention on Biological Diversity. (1992). Ratified by the Law of Ukraine No. 257/94-VR (1994, November). Retrieved from https://zakon.rada.gov.ua/laws/show/995_030#Text
  16. United Nations Convention to Combat Desertification in Those Countries Experiencing Serious Drought and/or Desertification Particularly in Africa. (1994). Law on accession of Ukraine № 61/IV (2002, July). Retrieved from https://zakon.rada.gov.ua/laws/show/995_120#Text
  17. United Nations Framework Convention on Climate Change. (1992, May). Ratified by the Law of Ukraine No. 435/96-VR (1996, October). Retrieved from https://zakon.rada.gov.ua/laws/show/995_044#Text
  18. United Nations Development Programme. (n.d.). Transforming our world: The 2030 Agenda for Sustainable Development. Retrieved from https://www.undp.org/uk/ukraine/publications/peretvorennya-nashoho-svitu-poryadok-dennyy-usferi-staloho-rozvytku-do-2030-roku

Downloads

Published

2025-08-22

Issue

No. 3 (2025)

Section

Articles

License

  1. The authors reserve the right to authorship their work and pass the journal the right to publish this work under a Creative Commons Attribution License license, which allows other persons to freely distribute the published work with the obligatory The authors of the original work and the first publication of this magazine.
  2. The authors have the right to make independent additional agreements on the nonexclusive dissemination of the work in the form in which it was published by this magazine (for example, to post work in the company's electronic storage or to publish as a monograph) , subject to the first publication of the link to this journal.
  3. Journal policy allows and encourages the placement of authors on the Internet (for example, in the repositories of institutions or on personal websites) manuscript work as to the presentation of this manuscript to the editorial board and during its editorial processing, as it contributes to The productive scientific discussion and positively affects the efficiency and dynamics of citation published work (see The Effect of Open Access).