Innovative trends of use of green finance instruments in Kazakhstan

The article reveals the opportunities for the Kazakhstani financial market to become a regional center of “green” financing. The authors examined innovative technologies and new financial instruments of the global market focused on solving environmental problems. The analysis of the positive world experience of countries successfully working in the field of “green” financing is carried out. A qualitatively new content of “green” banking and “green” securities is disclosed. The authors highlighted the key areas of using “green” financial instruments in financing environmental projects. More than half of the “green” investments of the global market are supposed to be directed to preserving the ecosystem, a fifth should be allocated to projects related to climate change and about 5% should be used for the implementation of projects for the development of renewable energy sources and other natural resource activities. The “green” banking sector is a key source of financing for the “green” economy. Syndicated “green” credit amounted to almost 80 percent of the total global market for these loans. A promising and fast-growing segment of the global “green” financial market is the “green” bond market. AIFC is already working on the creation of a regulatory framework governing “green” financing. AIX developed the Rules for the issue and circulation of green bonds in accordance with international requirements. Work is underway to launch “green” sukuk. The authors believe that the use of a wide range of “green” financial instruments will allow Kazakhstan to achieve real success in the implementation of environmental infrastructure projects.

финансовый рынок, «зеленая» экономика, «зеленые» финансы, инновационные финансовые инструменты, «зеленые» кредиты, «зеленые» облигации, financial market, “green” economy, “green” finance, innovative financial instruments, “green” loans, “green” bonds, қаржы нарығы, «жасыл» экономика, «жасыл» қаржылар, инновациялық қаржы құралдары, «жасыл» несиелер, «жасыл» облигациялар

1. Как будут работать «зеленые» финансы в Казахстане: https://www.zakon.kz/4985356kak-budut-rabotat-zelenye-finansy-v.html.

2. Эксперты по «зеленым» финансам собрались на форуме МФЦА в столице: https://www.inform.kz/ru/eksperty-po-zelenym-finansam-sobralis-na-forume-mfca-v-stolice_a3564214.

3. Архипова В.В. «Зеленые» финансы как средство для решения глобальных проблем // Экономический журнал ВШЭ. - 2017. - Т. 21. - № 2. - С. 312-332: https://ej.hse.ru/data/2017/06/28/1171154329/%D0%90%D1%80%D1%85%D0%B8%D0%BF%D0%BE%D0%B2%D0%B0.pdf.

4. Climate Bonds Initiative: https://www.climatebonds.net/.

5. Принципы «зеленых» облигаций: https://www.icmagroup.org/green-social-and-sustainability-bonds/green-bond-principles-gbp/.