THE ROLE of FINANCIAL SECTOR in PROVIDING SUSTAINABLE DEVELOPMENT GOALS

Abstract

The article contains the analysis of the current ecological situation in the Republic of Bashkortostan as an oil production region of Russia. It was emerged that the decrease in emissions from means of transport caused by change in the calculation methodology. The statistical data on environmental control costs and payments for the use of natural resources in the Russian Federation for the period from 2008 to 2016 years have been analyzed. The measures aimed to create favorable conditions for the sustainable social and economic development of the region have been determined. The authors proposed alternative sources of financing the environmental protection: the issuance of ecological (green) bonds and the attraction of ecological deposits to finance environment-oriented investment projects. The main significant investment directions of the funds, obtained due to the emission of domestic ecological loan bonds, corporate ecological bonds and concessional environment-oriented bonds have been identified.