The Mechanism for Investing the Enterprises as Institutional Participants in a Construction Energy Cluster

Abstract

The article is aimed at forming a mechanism for investing the enterprises as institutional participants in a construction energy cluster, within the terms of which there will be a possibility to research the attracting of additional financial resources for the implementation of energy saving measures through the issue of municipal bonds. Studying the practice of local borrowing in Ukraine has demonstrated the fragmentation of the existing system, however, provided an appropriate regulatory framework and taking account of the experience of other countries, the development of local borrowing market can become a source of financial resources for the implementation of energy saving projects. Based on the results of the carried out research, proposals on the formation of a mechanism for investing the enterprises as institutional participants in a construction energy cluster are presented; levers, instruments, methods of financing energy saving measures are identified in the structure of such a mechanism; the coordinating center of construction energy cluster is defined, and participants of this integration formation are suggested. Depending on the level of economic system, the advantages of implementing the mechanism for investing the enterprises as institutional participants in a construction energy cluster are allocated.

Keywords

• energy saving
• municipal bonds
• investments
• emission
• construction energy cluster