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Concept of Global Anti-Carbon Fund for Financing Sustainable Low-Carbon Development

  • Ivan Gaidutskiy

    ()

    ('Sigma' Investment Company)

Registered author(s):

    The article highlights restricted opportunities of the existing international environmental funds for sustainable financing the low-carbon development. It has been grounded that these restrictions lay down in such funds Basic Principles already, including the newly established Green Climate Fund. It has been proved that unnecessary requirement for countries and companies to participate, voluntary contributions, lack of systematic income (fiscal-based) do not allow sufficient resources to fill the funds that required for financing anti-carbon events. The concept of the Global Anti-Carbon Fund that provides for all-rounding of carbon emission producers (states, companies), obligatory and regular payment of fiscal payments to the fund on 'whoever the worst polluter pays more' principle has been proposed. The Fuel Global Fund expenditures for anti-carbon activities should be carried out according to the principle 'whoever cleans more gets more funds'. The principles and priorities of the Global Anti-Carbon Fund have been grounded.

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    File URL: http://www.afj.org.ua/pdf/156-koncepciya-globalnogo-antivuglecevogo-fondu-dlya-finansuvannya-stalogo-nizkovuglecevogo-rozvitku.pdf
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    File URL: http://www.afj.org.ua/en/article/156/
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    Article provided by Institute of Accounting and Finance in its journal Accounting and Finance.

    Volume (Year): (2014)
    Issue (Month): 1 (March)
    Pages: 127-132

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    Handle: RePEc:iaf:journl:y:2014:i:1:p:127-132
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