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Problems of Fund Raising for Projects on Accumulated Damage Repair: Experience from Russian Regions

In: Contemporary Issues in Business and Financial Management in Eastern Europe

Author

Listed:
  • N. G. Kuznetsov
  • N. D. Rodionova
  • M. A. Ponomareva

Abstract

The chapter is devoted to the problem of creating effective tools for attracting extra-budgetary sources and increasing the interest of contemporary Russian enterprises in implementing projects to repair past (accumulated) environmental damage. The objective of the research is the regions of the Russian Federation (constituent entities of the Russian Federation) and the mechanisms for financing the projects in the field of accumulated damage repair being implemented at the state level. This is possible by financing the project with the participation of the company involved in the accumulated damage in the regions. The chapter deals with the investigation of the basic concepts of the problems of accumulated damage and the identification of the main problems and the contradictions in attracting financing for the implementation of damage repair projects in the Russian law enforcement field. The analysis of indicators characterizing the dynamics of financing of such projects in the Russian regions and the methodology of selecting priority objects of accumulated damage for their financing at the federal level is also examined. The research resulted in the authors’ conclusion that the problem of attracting extra-budgetary sources to repair accumulated damage is connected not only with the contradictions in the Russian environmental legislation, but also with the insufficient development of such institutions as public-private and municipal-private partnerships. The chapter contains proposals for the development of results-based tools using the mechanism of public-private partnership to repair the accumulated damage.

Suggested Citation

  • N. G. Kuznetsov & N. D. Rodionova & M. A. Ponomareva, 2018. "Problems of Fund Raising for Projects on Accumulated Damage Repair: Experience from Russian Regions," Contemporary Studies in Economic and Financial Analysis, in: Contemporary Issues in Business and Financial Management in Eastern Europe, volume 100, pages 31-40, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:csefzz:s1569-375920180000100005
    DOI: 10.1108/S1569-375920180000100005
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    Citations

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    Cited by:

    1. Krzysztof Surowka, 2021. "Role of EU Funds in Financing the Activity of a Local Government in Poland from 2011 to 2020," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 1), pages 1096-1109.

    More about this item

    Keywords

    Region (a constituent entity of the Russian Federation); accumulated environmental damage; public-private and municipal-private partnerships; fund raising; extra-budgetary funds; environmental programme; Q01; Q56; Q58;
    All these keywords.

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • 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
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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