INNOVATIVE TOOLS FOR FINANCING PROJECTS FOR THE CREATION AND RESTORATION OF BLUE-GREEN INFRASTRUCTURE IN URBAN AGGLOMERATIONS

Abstract

Over the past decade, an increasing number of municipal governments have been implementing initiatives to develop innovative municipal policies, the purpose of which is to achieve green urban development, which is based on the integration of natural infrastructure that generates multiple ecosystem services. Over the past nine years, the expert community and municipal authorities have noted the significant importance of blue-green infrastructure in the processes of the formation of environmentally and economically sustainable urban agglomerations. The implementation of projects for the creation and restoration of blue-green urban infrastructure is one of the urgent tasks that require the allocation of additional funding from the municipal authorities. As existing sources of financing may not be sufficient to implement full-scale blue-green infrastructure projects, mobilizing private capital is crucial. Based on a systematic review of the literature, the article presents the existing innovative financial instruments, the use of which will attract the impact of investors to finance projects for the restoration and creation of blue-green infrastructure. The article emphasizes that the integration of innovative financial instruments in the implementation of post-conflict reconstruction projects is crucial for attracting scalable private financing for reconstruction projects and the creation of blue-green infrastructure.