UDC 338

GREEN FINANCE: TOOLS AND MECHANISMS FOR SUPPORTING SUSTAINABLE PROJECTS Green Finance: Tools and Mechanisms for Supporting Sustainable Projects

Published in Journal of Applied Research · Issue 5 · ELocator: 32-39 · Rubric: ECONOMICS. ECONOMIC SCIENCES.
DOI: https://doi.org/10.34755/IROK.2026.71.99.004
Received: 30.07.2026 Accepted: 12.08.2026 Published: 12.08.2026
The article examines the evolution and current state of the green finance market, analyzes key tools for supporting sustainable projects and mechanisms for their stimulation. Based on the analysis of data from the Bank of Russia (market growth by 27% in 2025, the volume of 655 billion rubles for sustainable development bonds), Expert RA research (the portfolio of ESG loans reached 8 trillion rubles) and international initiatives (the General Taxonomy of Natural Financing of multilateral development banks, the framework program of financial incentives of the World Bank) Institutional innovations forming a new architecture of green finance are considered. Special attention is paid to taxonomies as a key element of preventing greenwashing, stimulating regulation of the Bank of Russia, as well as new directions – natural financing and cross-border harmonization of standards. Based on empirical data, two tables are presented that characterize the dynamics of the market and the structure of the taxonomy of natural finance. The conclusion is made about the transition of green finance from a niche segment to a system-forming element of the financial architecture, requiring coordinated actions by regulators, development institutions and market participants.
green finance, sustainable development, taxonomy, ESG lending, green bonds, incentive regulation, natural financing
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