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Tools of the Financial and Economic Mechanism for the Balanced Use of Forestry Land in Ukraine

Author

Listed:
  • Orest Furdychko

    (Institute of Agroecology and Nature Management of NÐ Ð S, Kyiv, Ukraine)

  • Oksana Drebot

    (Institute of Agroecology and Nature Management of NÐ Ð S, Kyiv, Ukraine)

  • Nina Palianychko

    (Institute of Agroecology and Nature Management of NÐ Ð S, Kyiv, Ukraine)

  • Stepan Dankevych

    (Institute of Agroecology and Nature Management of NÐ Ð S, Kyiv, Ukraine)

Abstract

This article presents the author's point of view for to improve of the tools of the financial and economic mechanism of balanced use of forestry land with a description of foreign experience and the definition of priorities for Ukraine. The purpose of the study is to provide a theoretical and methodological justification of the characteristics and organizational and economic factors of improving the tools of financial and economic mechanism and their impact on ensuring balanced use of forestry land. Methods used: dialectical method of cognition – for the analysis of laws and regulations and scientific works of scientists on the issue of balanced use of forest land; analysis of the most pressing problems of functioning of economic and financial tools of the financial and economic mechanism of balanced forestry land use in comparison with the European experience; synthesis and logical generalization of conceptual bases of necessity and preconditions for improving tools; monographic – to identify factors for improving tools; graphical, correlation-regression analysis; abstract-logical theoretical generalizations and formulation of conclusions; method of analogies – the transfer of influences that have been found in other territories with similar objects and properties, to the territory under consideration. It was substantiated that adaptation of foreign experience, introduction of international standards to ensure balanced use of forestry land are impossible without the use of such scientifically grounded and environmentally balanced components of the financial and economic mechanism as environmental, economic, financial and organizational tools. Based on foreign experience, a basis has been prepared for improving the taxation of forestry land use in Ukraine. It was proposed to adopt foreign experience regarding the functioning of the economic and organizational instruments of the financial and economic mechanism for the balanced use of forest lands by creating and registering a commodity right to carbon in forests, trading it and monitoring it.

Suggested Citation

  • Orest Furdychko & Oksana Drebot & Nina Palianychko & Stepan Dankevych, 2020. "Tools of the Financial and Economic Mechanism for the Balanced Use of Forestry Land in Ukraine," Oblik i finansi, Institute of Accounting and Finance, issue 4, pages 144-157, December.
    • Handle: RePEc:iaf:journl:y:2020:i:4:p:144-157
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    References listed on IDEAS

    as
    1. Igor Lytsur & Sofia Tkachiv, 2016. "World experience of use of the mechanism of fiscal regulation in forestry," Economics of Nature and the Environment, Mykhaylo Khvesyk, pages 137-144.
    2. Jezierska-Thöle, Aleksandra & Rudnicki, Roman & Kluba, Mieczysław, 2016. "Development of energy crops cultivation for biomass production in Poland," Renewable and Sustainable Energy Reviews, Elsevier, vol. 62(C), pages 534-545.
    3. Ochieng, R.M. & Visseren-Hamakers, I.J. & Brockhaus, M. & Kowler, L.F. & Herold, M. & Arts, B., 2016. "Historical development of institutional arrangements for forest monitoring and REDD+ MRV in Peru: Discursive-institutionalist perspectives," Forest Policy and Economics, Elsevier, vol. 71(C), pages 52-59.
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    Keywords

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    JEL classification:

    • Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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