green economy, public policy, market incentives, business, system of instruments, economic growth, climate change
Abstract
This article presents a comprehensive study of green economy instruments and their impact on Ukraine’s economic growth amid contemporary climate challenges and post-war recovery. The instruments are systematically categorized into regulatory, financial-economic, market based, techno-technological, innovative, informational, and educational types, which allows for assessing their role in ensuring sustainable economic development and long-term resilience. Special attention is given to the interaction between these groups of instruments, which generates a synergistic effect, achieving economic, environmental, and social outcomes more effectively than isolated measures. Regulatory mechanisms provide predictability and legal enforceability for projects; financial-economic and tax incentives reduce barriers related to high capital and operational costs that limit investment activity; market-based instruments, including certification and emission trading systems, facilitate the monetization of environmental benefits; techno-technological and innovative solutions contribute to emissions reduction, energy efficiency, and resource conservation; informational and educational tools create demand, strengthen awareness, and enhance business capacity to implement changes effectively. The study synthesizes research by leading Ukrainian scholars, identifying existing gaps, challenges, and opportunities in the application of green economy instruments, and proposes an integrated approach for their strategic implementation. The analysis demonstrates that comprehensive adoption of these instruments yields tangible economic benefits, including increased budget revenues, improved export competitiveness, job creation, innovation development, and enhanced quality of life. The proposed approach serves as a key instrument for developing Ukraine’s sustainable economic growth and post-war recovery strategies, combining government policy, market incentives, and business engagement in a coherent framework. The findings can inform scientific, analytical, and practical efforts in designing strategic programs, policies, and projects in the field of green economy, contributing to international discussions on sustainability and climate action.
Author Biography
Roman Iskiv, National University of Water and Environmental Engineering, Rivne
