Analysis of the regional “green” finances and identification of their vulnerable areas: Republic of Bashkortostan case study

Abstract

This article systematizes approaches to the management of public finances directed to the environmental sphere both at the national and regional levels. The author highlights the main trends based on the use of synchronous (within the framework of the analysis of the structure of the management system) and diachronic (in terms of studying the dynamics of financing) analysis of the public administration system in the field of ecology and natural resources in the Republic of Bashkortostan, carried out on the materials of the state program Ecology and natural resources of the Republic of Bashkortostan dated 18 February 2014 No. 61 in its 20 editions. The study identifies vulnerable areas in terms of financing the management of the environmental sphere and natural resources at the regional level (on the example of the Republic of Bashkortostan). Leveling the identified negative factors will increase the economic connectivity of the place, and also contributes to the strengthening of the resilience of the territory. Improving the existing mechanism for financing the environmental sector is achievable by applying best practices, including tax incentives for introducing environmental innovations and investing in environmentally friendly and resource-saving technologies, environmental insurance, grants, debt swaps, national and international climate funds, public procurement of environmental goods and other.

Keywords

• regional finance
• public finance
• green finance
• territory resilience
• environmental financing