Formation of an organizational and economic mechanism for the greening of economic relations in the water use sector
Relevance of the study. In the context of modern environmental challenges, increasing requirements for rational environmental management, and the need to integrate environmental principles into the water use sector, the development of an effective organizational and economic mechanism for the greeni...
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Mahats, N. 2025-05-23T09:28:20Z 2024 Formation of an organizational and economic mechanism for the greening of economic relations in the water use sector / N. Mahats // Економічний вісник Донбасу. — 2024. — № 4 (78). — С. 125-137. — Бібліогр.: 40 назв. — англ. 1817-3772 https://nasplib.isofts.kiev.ua/handle/123456789/203366 338.2:502:628 https://doi.org/10.12958/1817-3772-2024-4(78)-125-137 Relevance of the study. In the context of modern environmental challenges, increasing requirements for rational environmental management, and the need to integrate environmental principles into the water use sector, the development of an effective organizational and economic mechanism for the greening of economic relations is of particular importance. The greening of water use is an important direction of the state policy of Ukraine in the context of adaptation to European standards of sustainable development, which involves introducing innovative technologies, increasing the environmental responsibility of business entities, and improving institutional support. In the war and post-war period, Ukraine will face large-scale challenges in restoring critical infrastructure, which requires the development of mechanisms that will contribute to the effective management of water resources and the ecological transformation of enterprises. Aim and objectives of the study. The study aims to substantiate the theoretical and methodological foundations and develop an organizational and economic mechanism for greening economic relations in the water use sector in Ukraine. The main objectives include: identifying key structural elements of the mechanism, studying the institutional, economic, and technological aspects of its functioning, and substantiating instruments for regulating and stimulating greening in the water use sector in Ukraine. Results. The essence of the concept of an organizational and economic mechanism for the greening of economic relations is determined as a set of organizational forms and economic levers aimed at integrating environmental principles into the practice of using water resources and ensuring the stimulation of environmental protection measures through improving the institutional basis, information and analytical support, technological modernization and financial and economic instruments to achieve the optimal balance between economic, environmental and social goals of water management development. It is determined that the institutional environment of water use in Ukraine requires harmonization with European environmental standards, which involves adapting the regulatory framework to the principles of the blue economy, institutional support for the formation of standards of social responsibility of business in the water sector and the implementation of water management restoration plans considering environmental principles into general projects of post-war economic recovery. The need for technological modernization aimed at the verification and reconstruction of water infrastructure by modern environmental standards, the development of closed cycles of water use, and blue-green infrastructure based on alternative sources of water supply is substantiated. The use of financial and economic levers is proposed financial instruments of "green" growth, mechanisms for market distribution of water resources, environmental insurance, and attraction of international investment resources to support environmental reforms. Conclusions. The implementation of the proposed mechanism will facilitate the transition from traditional resource-intensive models of water use to environmentally responsible economic relations and strengthen the integration of environmental principles into the water resources management system, ensuring the harmonization of economic and environmental interests. Its implementation will allow us to increase the efficiency of water resources use, stimulate enterprises to implement environmental technologies, strengthen institutional support for greening, and attract additional financial resources for the modernization of water infrastructure. The use of economic levers, in particular financial instruments for "green" growth, mechanisms for market allocation of water resources, and the attraction of international financial support, will contribute to ensuring the formation of appropriate conditions for the ecological transformation of the water sector of Ukraine. Актуальність. В умовах сучасних екологічних викликів, посилення вимог до раціонального природокористування та необхідності інтеграції природоохоронних принципів у сферу водокористування особливої значущості набуває розробка ефективного організаційно-економічного механізму екологізації економічних відносин. Екологізація водокористування є важливим напрямом державної політики України в контексті адаптації до європейських стандартів сталого розвитку, що передбачає впровадження інноваційних технологій, підвищення екологічної відповідальності суб’єктів господарювання та вдосконалення інституційної підтримки. У воєнний та повоєнний період Україна стикатиметься з масштабними викликами щодо відновлення критичної інфраструктури, що потребує розробки механізмів, які сприятимуть ефективному управлінню водними ресурсами та екологічній трансформації підприємств. Мета та завдання. Метою дослідження є обґрунтування теоретико-методичних засад та розробка організаційно-економічного механізму екологізації економічних відносин у сфері водокористування в Україні. До основних завдань належать: визначення ключових структурних елементів механізму, дослідження інституційних, економічних і технологічних аспектів його функціонування, обґрунтування інструментів регулювання та стимулювання екологізації у сфері водокористування України. Результати. Визначено сутність поняття організаційно-економічного механізму екологізації економічних відносин як сукупність організаційних форм та економічних важелів, спрямованих на інтеграцію екологічних принципів у практику використання водних ресурсів та забезпечення стимулювання природоохоронних заходів через удосконалення інститу¬ційного підґрунтя, інформаційно-аналітичного забезпечення, технологічну модернізацію та фінансово-економічні інстру¬менти для досягнення. Визначено, що інституційне середовище водокористування в Україні потребує гармонізації з європейськими екологічними стандартами, що передбачає адаптацію нормативно-правової бази до засад блакитної економіки, інституційну підтримку формування стандартів соціальної відповідальності бізнесу у водному секторі та впровадження планів відновлення водного господарства із врахування екологічних принципів у загальні проекти повоєнного відновлення економіки. Обґрунтовано необхідність технологічної модернізації, спрямованої на верифікацію та реконструк¬цію водної інфраструктури відповідно до сучасних екологічних стандартів, розвиток замкнутих циклів використання води та блакитно-зеленої інфраструктури на основі альтернативних джерел водопостачання. Запропоновано застосування фінансово-економічних важелів, зокрема фінансових інструментів «зеленого» зростання, механізмів ринкового розподілу водних ресурсів, екологічного страхування та залучення міжнародних інвестиційних ресурсів для підтримки екологічних реформ. Висновки. Реалізація запропонованого механізму сприятиме переходу від традиційних ресурсомістких моделей водокористування до екологічно відповідальних економічних відносин, посилить інтеграцію екологічних принципів у систему управління водними ресурсами, забезпечуючи гармонізацію економічних та екологічних інтересів. Його реалізація дозволить підвищити ефективність використання водних ресурсів, стимулювати підприємства до впровадження екологічних технологій, зміцнити інституційну підтримку екологізації та залучити додаткові фінансові ресурси для модернізації водної інфраструктури. Застосування економічних важелів, зокрема фінансових інструментів «зеленого» зростання, механізмів ринкового розподілу водних ресурсів та залучення міжнародної фінансової підтримки, сприятиме забезпеченню формування належних умов для екологічної трансформації водного сектора України. en Інститут економіки промисловості НАН України Економічний вісник Донбасу Management of innovations Formation of an organizational and economic mechanism for the greening of economic relations in the water use sector Формування організаційно-економічного механізму екологізації економічних відносин у сфері водокористування Article published earlier |
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| title |
Formation of an organizational and economic mechanism for the greening of economic relations in the water use sector |
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Formation of an organizational and economic mechanism for the greening of economic relations in the water use sector Mahats, N. Management of innovations |
| title_short |
Formation of an organizational and economic mechanism for the greening of economic relations in the water use sector |
| title_full |
Formation of an organizational and economic mechanism for the greening of economic relations in the water use sector |
| title_fullStr |
Formation of an organizational and economic mechanism for the greening of economic relations in the water use sector |
| title_full_unstemmed |
Formation of an organizational and economic mechanism for the greening of economic relations in the water use sector |
| title_sort |
formation of an organizational and economic mechanism for the greening of economic relations in the water use sector |
| author |
Mahats, N. |
| author_facet |
Mahats, N. |
| topic |
Management of innovations |
| topic_facet |
Management of innovations |
| publishDate |
2024 |
| language |
English |
| container_title |
Економічний вісник Донбасу |
| publisher |
Інститут економіки промисловості НАН України |
| format |
Article |
| title_alt |
Формування організаційно-економічного механізму екологізації економічних відносин у сфері водокористування |
| description |
Relevance of the study. In the context of modern environmental challenges, increasing requirements for rational environmental management, and the need to integrate environmental principles into the water use sector, the development of an effective organizational and economic mechanism for the greening of economic relations is of particular importance. The greening of water use is an important direction of the state policy of Ukraine in the context of adaptation to European standards of sustainable development, which involves introducing innovative technologies, increasing the environmental responsibility of business entities, and improving institutional support. In the war and post-war period, Ukraine will face large-scale challenges in restoring critical infrastructure, which requires the development of mechanisms that will contribute to the effective management of water resources and the ecological transformation of enterprises.
Aim and objectives of the study. The study aims to substantiate the theoretical and methodological foundations and develop an organizational and economic mechanism for greening economic relations in the water use sector in Ukraine. The main objectives include: identifying key structural elements of the mechanism, studying the institutional, economic, and technological aspects of its functioning, and substantiating instruments for regulating and stimulating greening in the water use sector in Ukraine.
Results. The essence of the concept of an organizational and economic mechanism for the greening of economic relations is determined as a set of organizational forms and economic levers aimed at integrating environmental principles into the practice of using water resources and ensuring the stimulation of environmental protection measures through improving the institutional basis, information and analytical support, technological modernization and financial and economic instruments to achieve the optimal balance between economic, environmental and social goals of water management development. It is determined that the institutional environment of water use in Ukraine requires harmonization with European environmental standards, which involves adapting the regulatory framework to the principles of the blue economy, institutional support for the formation of standards of social responsibility of business in the water sector and the implementation of water management restoration plans considering environmental principles into general projects of post-war economic recovery. The need for technological modernization aimed at the verification and reconstruction of water infrastructure by modern environmental standards, the development of closed cycles of water use, and blue-green infrastructure based on alternative sources of water supply is substantiated. The use of financial and economic levers is proposed financial instruments of "green" growth, mechanisms for market distribution of water resources, environmental insurance, and attraction of international investment resources to support environmental reforms.
Conclusions. The implementation of the proposed mechanism will facilitate the transition from traditional resource-intensive models of water use to environmentally responsible economic relations and strengthen the integration of environmental principles into the water resources management system, ensuring the harmonization of economic and environmental interests. Its implementation will allow us to increase the efficiency of water resources use, stimulate enterprises to implement environmental technologies, strengthen institutional support for greening, and attract additional financial resources for the modernization of water infrastructure. The use of economic levers, in particular financial instruments for "green" growth, mechanisms for market allocation of water resources, and the attraction of international financial support, will contribute to ensuring the formation of appropriate conditions for the ecological transformation of the water sector of Ukraine.
Актуальність. В умовах сучасних екологічних викликів, посилення вимог до раціонального природокористування та необхідності інтеграції природоохоронних принципів у сферу водокористування особливої значущості набуває розробка ефективного організаційно-економічного механізму екологізації економічних відносин. Екологізація водокористування є важливим напрямом державної політики України в контексті адаптації до європейських стандартів сталого розвитку, що передбачає впровадження інноваційних технологій, підвищення екологічної відповідальності суб’єктів господарювання та вдосконалення інституційної підтримки. У воєнний та повоєнний період Україна стикатиметься з масштабними викликами щодо відновлення критичної інфраструктури, що потребує розробки механізмів, які сприятимуть ефективному управлінню водними ресурсами та екологічній трансформації підприємств.
Мета та завдання. Метою дослідження є обґрунтування теоретико-методичних засад та розробка організаційно-економічного механізму екологізації економічних відносин у сфері водокористування в Україні. До основних завдань належать: визначення ключових структурних елементів механізму, дослідження інституційних, економічних і технологічних аспектів його функціонування, обґрунтування інструментів регулювання та стимулювання екологізації у сфері водокористування України.
Результати. Визначено сутність поняття організаційно-економічного механізму екологізації економічних відносин як сукупність організаційних форм та економічних важелів, спрямованих на інтеграцію екологічних принципів у практику використання водних ресурсів та забезпечення стимулювання природоохоронних заходів через удосконалення інститу¬ційного підґрунтя, інформаційно-аналітичного забезпечення, технологічну модернізацію та фінансово-економічні інстру¬менти для досягнення. Визначено, що інституційне середовище водокористування в Україні потребує гармонізації з європейськими екологічними стандартами, що передбачає адаптацію нормативно-правової бази до засад блакитної економіки, інституційну підтримку формування стандартів соціальної відповідальності бізнесу у водному секторі та впровадження планів відновлення водного господарства із врахування екологічних принципів у загальні проекти повоєнного відновлення економіки. Обґрунтовано необхідність технологічної модернізації, спрямованої на верифікацію та реконструк¬цію водної інфраструктури відповідно до сучасних екологічних стандартів, розвиток замкнутих циклів використання води та блакитно-зеленої інфраструктури на основі альтернативних джерел водопостачання. Запропоновано застосування фінансово-економічних важелів, зокрема фінансових інструментів «зеленого» зростання, механізмів ринкового розподілу водних ресурсів, екологічного страхування та залучення міжнародних інвестиційних ресурсів для підтримки екологічних реформ.
Висновки. Реалізація запропонованого механізму сприятиме переходу від традиційних ресурсомістких моделей водокористування до екологічно відповідальних економічних відносин, посилить інтеграцію екологічних принципів у систему управління водними ресурсами, забезпечуючи гармонізацію економічних та екологічних інтересів. Його реалізація дозволить підвищити ефективність використання водних ресурсів, стимулювати підприємства до впровадження екологічних технологій, зміцнити інституційну підтримку екологізації та залучити додаткові фінансові ресурси для модернізації водної інфраструктури. Застосування економічних важелів, зокрема фінансових інструментів «зеленого» зростання, механізмів ринкового розподілу водних ресурсів та залучення міжнародної фінансової підтримки, сприятиме забезпеченню формування належних умов для екологічної трансформації водного сектора України.
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1817-3772 |
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Formation of an organizational and economic mechanism for the greening of economic relations in the water use sector / N. Mahats // Економічний вісник Донбасу. — 2024. — № 4 (78). — С. 125-137. — Бібліогр.: 40 назв. — англ. |
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N. Mahats
125
Економічний вісник Донбасу № 4(78), 2024 ISSN 1817-3772
DOI: https://doi.org/10.12958/1817-3772-2024-4(78)-125-137
UDC 338.2:502:628
N. Mahats,
PhD student,
ORCID 0000-0003-0799-9462,
e-mail: mahatsnataliia@gmail.com,
State Organization "Institute of Market and Economic & Ecological
Research of the NAS of Ukraine", Odesa
FORMATION OF AN ORGANIZATIONAL AND ECONOMIC MECHANISM
FOR THE GREENING OF ECONOMIC RELATIONS IN THE WATER USE SECTOR
Problem statement. In modern conditions, when
issues of environmental protection and sustainable use
of natural resources are becoming critically important
for ensuring the development of society, a special role
is played by mechanisms that contribute to the
integration of environmental principles into economic
relations. The compliance of economic processes in the
water use sector with environmental principles
necessitates the formation of effective mechanisms for
the integration of environmental approaches into all
aspects of water management activities. In particular,
this involves the transition to a blue economy, which is
based on balanced water resources management,
innovative solutions in the field of recycling, increased
social responsibility of business entities and the state, as
well as verification of water infrastructure.
The relevance of this direction is enhanced by
modern socio-economic and environmental conditions.
The post-war reconstruction of Ukraine requires the
creation of foundations for the reintegration of the
affected regions into the national economy, which is
accompanied by the restoration of critical infrastructure
and increasing its environmental efficiency. The
complex challenges that arise in this area involve the
formation of a new approach to resource management,
specifically the application of the organizational and
economic mechanisms of greening.
Analysis of recent research and publications.
The concept of the organizational and economic
mechanism for the greening of economic relations is
characterized by a multiplicity of interpretations, due to
the diversity of approaches to the definition of the term
"greening" in the context of economic, managerial, and
production systems.
The objective of greening every aspect of
economic relationships is to achieve an optimal
integrated balance between environmental and
economic priorities. This involves both improving the
quality of the environment and the effective
implementation of the chosen model of economic
development. Based on this conceptual premise, most of
the theoretical and applied approaches to defining the
organizational and economic mechanism of greening
have been formed.
As noted in scientific research, in particular in the
scientific work of O. Veklych [1], the mechanism for the
greening of economic relations provides for a set of
forms and methods of management based on an
economic-ecological approach that takes into account
the laws of nature and economic regularities of
economic activity. In particular, it is noted that greening
is implemented through tools that influence the behavior
of business entities and stimulate them to implement
environmental practices.
Scientists A. Dubodelova, O. Yurinets, M. Fedoriv
[2] note that the economic mechanism for the greening
of production is defined as a complex of various levers,
standards, and institutional structures, which through
financial, economic, and organizational assistance
stimulates the implementation of environmental
protection measures. At the same time, its effective
functioning is ensured by the presence of an effective
organizational mechanism both at the intra-economic
and national levels.
Thus, in the study [3] the conceptual foundations
for the greening mechanism are proposed, which
include key components, such as the goal and
objectives, objects and subjects of greening, tools of
direct and indirect motivation, as well as possible
strategies for implementing environmental measures.
The authors focus on considering the mechanism of
ecological and economic development from a
methodological point of view, integrating environmen-
tal goals, tools for their implementation, and
mechanisms for achieving them into the system of
strategic management of the enterprise.
In the work [4] the ecological and economic
mechanism of enterprise management is proposed as a
multi-vector structure, which involves the formation of
a system of mechanisms with adequate levers and tools.
This approach emphasizes the need to create complex
tools that synergistically take into account the economic
and environmental components of management.
M. Petrushenko [5] defines the notion of organiza-
tional and economic mechanisms for the greening of
enterprise activities as a set of principles, levers,
methods, and tools in the enterprise's management
system that aim to achieve the best possible balance
© Publisher Institute of Industrial Economy of National Academy of Sciences of Ukraine, 2024
© Publisher State Higher Education Institution "Luhansk Taras Shevchenko National University", 2024
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between economic development, environmental
management rationalization, and the outcomes of imple-
menting enterprise initiatives in the field of
environmental protection by coordinating the interests
of the enterprise and stakeholders in the enterprise's
activities. The conceptual basis of this mechanism
includes basic elements: subjects (enterprise manage-
ment apparatus, stakeholders in the field of enterprise
activities); objects (key domains of enterprise activity in
the context of ensuring the ecological and economic
functioning balance); levers for achieving ecologically
balanced development (ecologically oriented sustain-
able competitive advantages, ecological standardization
of the management system, etc.); methods for achieving
ecological and economic development (ecological and
economic restructuring, greening of product life cycle
stages, methods of analysis and monitoring of the
enterprise's impact on the environment, etc.); tools for
achieving ecological and economic development
(program for the ecological and economic restructuring
of the enterprise, standards for compliance with product
quality and environmental sustainability, etc.).
The article [6] provides detailed proposals for
building a mechanism for the greening of the
enterprise's activities and indicates that the mechanism
for the greening of the enterprise's activities can be
defined as the main management tool, the use of which
is aimed at the practical implementation of measures for
the ecological transformation of the enterprise. The
authors indicate that the main elements of the economic
mechanism are methods, organizational structure of
management, economic levers, and incentives [7]. For
the greening mechanism, it is proposed to add
management priorities, goals, objective restrictions,
environmental impact, environmental procedures, and a
program of environmental protection measures.
Management priorities determine the directions of
action, and goals are guidelines within the framework of
the greening strategy. Objective restrictions, such as
technological or financial, set the limits for improving
the environmental friendliness of the enterprise. The
current impact on the environment determines the
structure and complexity of the greening mechanism,
the growth of which depends on the level of this impact.
Environmental procedures are periodic actions that
provide monitoring or results, and the program of
environmental protection measures provides for a set of
organized measures implemented in the operational
activities of the enterprise [6].
The article aims to substantiate the theoretical and
methodological principles and develop an organiza-
tional and economic mechanism for the greening of
economic relations in the water use sector in Ukraine.
Results of the study. Taking into account the
analyzed scientific approaches, the organizational and
economic mechanism for the greening of economic
relations in the water use sector can be considered as a
set of organizational forms and economic levers aimed
at integrating environmental principles into the practice
of using water resources and ensuring the stimulation of
environmental protection measures through improving
the institutional framework, information, and analytical
support, technological modernization, and financial-
economic instruments to achieve the optimal balance
between economic, environmental and social goals of
water management development. The interaction of
organizational and economic instruments can contribute
to increasing the economic and environmental
efficiency of water use by introducing innovative
technologies, ensuring social responsibility, effective
verification of water infrastructure, and considering the
specific requirements of post-war reconstruction to
achieve sustainable development.
The main goal of the organizational and economic
mechanism for the greening of economic relations in the
water use sector is to create a comprehensive system that
ensures sustainable water resources management based
on the integration of the principles of circular, blue
economy, and social responsibility.
Within the framework of this mechanism, the
relationship between organizational and economic com-
ponents is ensured to achieve sustainable development.
The organizational component of the mechanism
for the greening of economic relations in the water use
sector includes:
1. Improving the institutional framework, in
particular the legislative regulation of water use in
accordance with the principles of the blue economy,
which involves the adaptation of national norms and
standards to international trends in sustainable water
resources management, considering economic and
environmental aspects.
Over the past few years, the international
community has become increasingly aware of the need
for sustainable development of the blue economy, which
protects and preserves freshwater, coastal and marine
ecosystems. As national governments have the
competence in policy areas that affect the sustainability
and resilience of the blue economy, this highlights the
need for concerted action at all levels of government.
However, national blue economy strategies and policies
are still at an early stage of development compared to
the international level.
In response to the impact of the blue economy on
freshwater, coastal and marine ecosystems, the
international community, in particular the OECD [8],
insists that cities and regions need to develop a
sustainable blue economy that is:
– resilient to economic and climate shocks;
– inclusive of local communities and stakeholders;
– environmentally sustainable, by limiting
environmental impacts while protecting ecosystems and
biodiversity;
– circular, by preventing waste, promoting material
efficiency, and transforming waste into resources [8].
To achieve a sustainable blue economy, it is
necessary to create a system of enabling governance
conditions, which can be roughly divided into three key
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categories: policy development, policy coherence, and
policy implementation.
Policy development consists of defining clear roles
and responsibilities of government bodies, forming
appropriate institutional frameworks, and defining
strategic directions for the development of blue
economy policies. This also includes building and
strengthening institutional capacity to ensure effective
policy implementation at all levels of government, as
well as creating conditions for the collection, processing
and dissemination of relevant data and knowledge
necessary for making informed decisions in this area.
Policy coherence involves ensuring compatibility
of powers, policy initiatives, and objectives between
different government institutions that affect the
development of the blue economy. An important aspect
is also the recognition of the interdependence between
blue economy sectors and ecosystems, as well as the
relationship with other policy issues, such as climate
change, water security, social inequalities, and, in the
case of Ukraine, post-conflict reconstruction.
The implementation of the policy focuses on the
use of various instruments to ensure the effective
implementation of the blue economy. Such instruments
include both financial and economic incentives and
regulatory mechanisms, including management and
control tools. At the same time, it is important to
promote the creation of synergies between blue
economy participants, including enterprises, scientific
institutions, and civil society, which will allow for the
effective integration of efforts from different sectors and
promote the development of innovative initiatives in this
area.
Formation of institutional support for standards of
socially responsible business in the water sector. In
particular, this is implemented through the
implementation of strategic plans that take into account
the principles of a circular economy aimed at reducing
the negative impact of water use on ecosystems.
2. Technological modernization is an important
element of the organizational component of the
mechanism for greening economic relations in the water
use sector, aimed at ensuring the efficient use of water
resources, reducing their negative impact on the
environment, and increasing the environmental sustain-
ability of economic activity. It includes the imple-
mentation of modern solutions that combine economic
feasibility, technological innovation and environmental
responsibility. The main components of technological
modernization are verification of water infrastructure,
the development and implementation of innovative
technologies for water treatment and purification, as
well as creation of conditions for the development of
blue-green infrastructure based on wastewater
recycling.
Verification of water infrastructure consists of a
comprehensive inspection of the technical condition of
water supply, wastewater disposal, and treatment
facilities to determine their compliance with modern
environmental standards. The results of the verification
provide the main basis for making management
decisions and determining priorities in infrastructure
modernization. For example, the reconstruction of
facilities and industries that exceed the limit levels of
pollution should be a priority.
Modern challenges in water resources management
require the introduction of the latest technologies in the
field of water abstraction, water treatment and
purification. Technologies of this level should combine
a high level of water purification with economic
efficiency and minimal impact on the environment.
The introduction of innovative technologies in
water abstraction is aimed at reducing resource losses
and preventing environmental violations. In particular:
– the use of intelligent systems for controlling
water abstraction processes allows optimizing the
allocation of resources, taking into account seasonal
changes and consumption dynamics [9, 10];
– the development of water abstraction
technologies that minimize interference with natural
ecosystems and do not disrupt the ecological balance. In
particular, the modern scientist-economist G. Pauli
described in detail such technologies and solutions
inspired by nature in the book "Blue Economy" [11].
Wastewater recycling, along with the development
of blue-green infrastructure, are important directions for
the modernization of water use systems. They contribute
to the creation of closed water use cycles, support
ecosystems, and ensure the sustainability of water
resources in urban and industrial conditions.
According to the definition of L. Cherchyk and N.
Khumarova [12], green infrastructure is a component of
the urban ecosystem that combines a set of natural
objects that perform economic, environmental, security,
aesthetic, cultural, recreational functions and ensures
the formation of a favorable living space for all elements
of the urban ecosystem. Thus, blue-green infrastructure
can be defined as a complex element of the urban
ecosystem that combines natural objects (green
component) and water resources (blue component),
which interact to perform economic, environmental,
security, aesthetic, cultural, and recreational functions.
For the functioning of blue-green infrastructure,
innovative methods of water management are used, in
particular [13]:
– use of treated water for irrigation of green spaces.
In urban areas, treated wastewater can be used to
maintain parks, squares, or urban gardening;
– bioengineering structures, such as green roofs,
not only accumulate rainwater but also contribute to its
gradual purification by filtering through layers of
substrate;
– construction of multifunctional water and
landscape objects. Water tanks for collecting treated or
rainwater, combined with green spaces, contribute to
effective water conservation and at the same time
improve the urban environment.
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Combining water recycling technologies with the
concept of blue-green infrastructure allows to signi-
ficant reduce the ecological footprint of water use,
improve the quality of the urban environment by re-
ducing the "heat island" and improving the micro-
climate, and provide water reserves for periods of
drought or peak loads.
The development of wastewater recycling and
blue-green infrastructure is an important step in
ensuring sustainable water use. The implementation of
these approaches, in particular within the framework of
the organizational and economic mechanism of
greening, will effectively combine technological
innovations with nature-oriented solutions. This will
contribute to the harmonization of relations between the
economy and ecology, ensuring the sustainability of
water resources for future generations.
3. Information and analytical support contribute to
the greening of water use through the use of digital
technologies, automated monitoring systems, reporting,
and popularization of rational water use. This element
of the organizational component of the greening
mechanism in the water use sector aims to increase the
transparency of water resources management processes,
ensure public awareness, and stimulate the environ-
mental awareness of enterprises and the population.
The use of automated data collection systems for
continuous monitoring of the state of water is essential
for the timely identification of environmental risks and
the development of effective management strategies.
These systems include:
– automatic sensors located in rivers, lakes, water
intakes, and treatment systems that provide data on the
physicochemical properties of water: the level of
pollution, the content of dissolved oxygen, the
concentration of toxic substances, etc. This allows for a
prompt response to exceeding limit values [14];
– remote sensing systems: the use of satellite and
drone technologies to monitor changes in aquatic
ecosystems, such as changes in riverbeds, water levels
or the emergence of new sources of pollution, allows us
to see a holistic picture of the water balance [14];
– intelligent data analysis systems: the use of
artificial intelligence to process large amounts of
information provides for the prediction of environ-
mental crises, automatic generation of reports, and
modeling of water use scenarios [15].
The formation of reporting by enterprises on the
environmental component of their activities in the water
use sector is a key element in ensuring the socio-
ecological responsibility of enterprises in the water use
sector. L. Kupinets and O. Shershun [16] emphasize that
in the further development of national environmentally
oriented information support, in the form of statistical
documents, it is necessary to focus on the "Basic set of
environmental statistics". Given the requirements of the
Basic Set of Environmental Statistics to ensure that
countries that develop and improve national environ-
mental statistics programs are provided with data, it is
worth considering the possibility of creating an
electronic platform for submitting data on environ-
mental protection expenditures, for example, based on
the nationwide automated system "Open Environment".
Information should be provided by filling out the State
Statistical Observation Form №1 – "Report on Environ-
mental Protection Expenditures and Environmental
Payments" online through the Electronic Cabinet.
In the context of Ukraine's accession to the EU and
post-war reconstruction, non-financial reporting is
gaining particular importance as a tool for attracting
investments, including for medium and small enter-
prises. The introduction of such reports will contribute
to increasing business transparency, strengthening
investor and public confidence, as well as popularizing
the principles of socially responsible business conduct.
Non-financial reporting is in the process of
constant improvement, which allows enterprises to
independently choose reporting standards. To increase
the involvement of organizations in the preparation of
Management Reports, it is advisable to introduce
modern Internet technologies for the publication of
interactive online reports with feedback. In addition, it
is important to involve social innovation entities that
will contribute to the formation of investment catalogs
of socially responsible enterprises in digital format [17].
Greening of all spheres of social activity and
consciousness, in particular culture and science, is now
a key principle that shapes the attitude of society and the
individual to the environment. The holistic structure of
ecological culture consists of three interrelated
components: cognitive (knowledge about nature),
value-motivational (views, beliefs, values, responsible
attitude to nature, and motivation for environmentally
oriented behavior), and activity (conscious environ-
mental activity in the professional sphere and everyday
life). In this context, ecological culture is an indicator of
the spiritual maturity of an individual who,
understanding the essence of nature, acts by his own
knowledge and cultural environment [18].
The formation of an ecological culture, which
includes knowledge, values, and conscious activity, is a
necessary condition for the promotion of sustainable
approaches to the use of natural resources. In this
context, rational water use is of particular importance,
which, through educational campaigns and other
educational activities, contributes to the development of
environmental awareness in society.
The main directions for promoting rational and
environmentally responsible water use can be:
– information campaigns: dissemination of
materials in the media, social networks, and specialized
platforms on the rules of rational water consumption and
the consequences of water pollution [19];
– educational programs: implementation of
training courses for schoolchildren, students, and
employees of enterprises with an emphasis on the role
of water resources in sustainable development [20];
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– public involvement in monitoring: participation
of citizens in water resources monitoring projects
contributes to increasing their responsibility for the
environment. For example, the creation of mobile
applications where users can record violations in the use
of water resources [21];
– demonstration projects: involve the implemen-
tation of effective practices of greening water use based
on individual enterprises or territorial communities with
their subsequent use as representative models for
adaptation and implementation in other business entities
or regions.
Information and analytical support are closely
interconnected with other elements of the organizational
and economic mechanism for greening. Data obtained
through automated monitoring systems are used to:
improve technologies for modernizing water use
infrastructure; assess the effectiveness of environmental
measures implemented at enterprises; develop economic
instruments to stimulate rational water consumption;
popularize rational water use to contribute to increasing
the level of public participation in supporting and
implementing greening programs.
The economic component of the organizational and
economic mechanism for greening economic relations
in the water use sector plays a key role in ensuring the
effective implementation of environmental protection
measures and achieving rational environmentally
responsible use of water resources in various sectors of
the economy. Its implementation ensures the formation
of financial and economic conditions that stimulate
business entities to implement environmental techno-
logies, increase the efficiency of water supply and
wastewater disposal, and reduce environmental pollu-
tion. The author identified the following 3 elements of
the economic component of the organizational and
economic mechanism:
1. Economic incentives are an integral part of the
mechanism for greening economic relations in the water
use sector. Its purpose is to create favorable conditions
for the implementation of environmental protection
measures and ensure the rational use of water resources
utilizing economic levers and market mechanisms.
Effective economic incentives encourage water users to
environmentally responsible activities, modernize
infrastructure and introduce innovative technologies.
The main areas of economic incentives are the creation
of financing funds, the introduction of "green" taxes and
subsidies, as well as the implementation of mechanisms
for the market distribution of water resources.
One of the key areas of economic incentives is the
formation of financial funds that provide support for
environmental projects in the water use sector. This
initiative is based on the need to accumulate financial
resources for the implementation of environmental
programs, modernization of water management infra-
structure, and the introduction of advanced technologies
[22; 23].
Within the framework of the post-war recon-
struction of Ukraine's water management, the creation
of funds aimed at restoring the destroyed water
infrastructure is particularly relevant. Such funds can be
formed at the expense of reparations from the aggressor
country and international technical and financial
assistance. International organizations, such as the EU,
the UN, or the World Bank, can allocate grants and loans
for projects that contribute to the greening of water use
and increase the sustainability of water systems. Priority
in financing should be given to modern environmentally
responsible projects aimed at implementing a closed
cycle of water use, wastewater treatment, and mini-
mizing pollution of water bodies. Given the importance
of social and environmental responsibility in the post-
war period in Ukraine, financial support should be
provided to both local communities and water supply
and sewage enterprises (WSSEs) that implement
environmentally responsible programs in the water use
sector. An important aspect is the integration of the
principles of social responsibility of WSSEs aimed at
improving water quality and ensuring access to clean
water for the population. In the post-war period, when
the country is recovering from significant destruction,
social and environmental responsibility is a key factor
in the reconstruction of regions, guaranteeing
sustainable development and improving the well-being
of the population.
It is advisable to carry out the reconstruction of
Ukraine after the war, relying on the principles of
economic instruments of green growth, in compliance
with the obligations to fulfill the goals of the European
Green Deal. "Green" taxation is becoming widespread,
which is aimed primarily at stimulating the transition to
environmentally friendly management and rational use
of natural resources, and not at purely fiscal filling of
the budget [24]. The main task of these taxes is to create
an economic mechanism for influencing economic
entities that carry out activities with a negative impact
on the environment. For example, enterprises that
neglect wastewater treatment or demonstrate inefficient
use of water resources are forced to pay increased rates
of environmental fees. Such a system should ensure the
achievement of the so-called “double effect”, when the
state of the natural environment improves, and budget
revenues increase at the same time [25].
The collected tax funds are directed to specialized
environmental funds that finance environmental
projects. This ensures support for innovative solutions,
such as the development of environmentally friendly
technologies, modernization of enterprises considering
the requirements of sustainable development, as well as
the restoration of natural ecosystems.
Another element of economic and environmental
stimulation is “green subsidies”, which are considered a
tool of state support aimed at achieving a higher level of
sustainability than that which can be provided solely by
market mechanisms. Globally, there is a growing use of
such subsidies, with the main objectives being to
stimulate the development of clean energy sectors,
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gradually reduce dependence on fossil fuels, slow down
the pace of climate change, and support sustainable
production and consumption patterns [26]. Subsidies
include compensation for the costs of upgrading
equipment, installing automated water monitoring
systems, or integrating water recycling systems.
One of the economic incentives aimed at
optimizing water use through market mechanisms of
supply and demand is water markets, which create a
competitive environment that promotes water efficiency
and encourages consumers to use water rationally [27].
Water markets operate on the principle of supply and
demand, where the price of water is determined through
the interaction between buyers and sellers and its
availability. Their main goal is to ensure the efficient
and sustainable use of water resources. This mechanism
is particularly useful in regions where water scarcity is
a critical problem [28].
One of the main advantages of water markets, in
contrast to monopolistic approaches, is their ability to
stimulate entrepreneurial activity in the field of water
use. The conditions under which water rights can be
transferred or sold create new business opportunities,
stimulating the development of innovative solutions for
more efficient water use [29].
Economic incentives are critically important on the
path of Ukraine's integration into the European Union,
as they contribute to the adaptation of national economic
mechanisms to European standards of sustainable
development, environmental protection, and water use.
2. In the context of growing requirements for the
conservation of water resources and improving the
efficiency of water management activities, especially in
the context of European integration, the introduction of
financial mechanisms contributes not only to the
conservation of natural resources but also to economic
development.
Modernization of water management infrastructure
is a key element in increasing the efficiency of water use
and minimizing the environmental impact on water
resources. However, one of the main barriers to moder-
nization is the lack of sufficient funding at the level of
local authorities and water-use enterprises. M. Khvesyk
and V. Golyan [30] note that the European Union
proposes to apply state-direct incentive mechanisms, in
particular soft loans, for the successful implementation
of environmental directives in the field of water use. The
introduction of financial instruments that provide a
reduced cost of loans for such investments can become
an important element of an environmental strategy.
The use of new environmental technologies is
often associated with a high level of risks, such as
imperfection of technical solutions or developments, as
well as uncertainty regarding the further implementation
of such innovations. Environmental insurance is an
effective tool for ensuring environmentally safe use of
water resources and an important component of the
balanced development of the national economy. It
contributes to the formation of financial resources for
the implementation of state policy on the protection and
restoration of natural resources. In addition, environ-
mental insurance not only provides compensation for
losses from environmental pollution but also stimulates
the financing of measures to restore ecological
characteristics. This also helps to create a culture of
environmental responsibility among water resource
users. For the effective development of environmental
insurance, it is necessary to update national legislation,
which will bring Ukrainian practice closer to European
standards in the field of environmental protection and
water use [31].
For the development of innovative technologies, it
is necessary to use instruments aimed at stimulating
investments in energy-saving technologies, which
should provide financial support for projects to improve
energy efficiency and preserve natural resources. The
concept of "green" finance is to encourage capital
investment in "green" economic growth [24]. According
to the definition of UNEP, "green" finance is financial
instruments, the income from which is directed to
environmentally sustainable projects and initiatives,
environmental products and policies, the purpose of
which is to support the transition to a low-carbon,
sustainable, and inclusive economy [32]. Debt and
shares dominate among the main financial instruments
of green finance, while investments in renewable
energy, financing of sustainable infrastructure, and the
issuance of "green" bonds remain the most attractive
areas for investors within the framework of "green"
finance.
Green bonds were introduced into circulation by
the Law of Ukraine “On Amendments to Certain
Legislative Acts of Ukraine on Simplifying Investment
Attraction and Introducing New Financial Instruments”
dated June 19, 2020 No. 738-IX [33] as such, which
provided in their prospectus (issue decision, and for
government bonds of Ukraine – placement conditions)
for the use of the attracted funds exclusively to finance
environmental projects or their stages. The basis for the
issuance of green bonds is defined as a project that is
focused on environmental goals, in particular in the field
of alternative energy, energy efficiency, minimizing the
generation, utilization, and recycling of waste, deve-
loping environmentally friendly transport, organic
farming, preserving biodiversity, water, and land re-
sources, adapting to climate change, as well as other
measures that contribute to environmental protection,
implementing environmental standards and reducing
emissions of harmful substances into the environment
[34].
Green bonds have become a new tool for attracting
investments in environmentally responsible projects,
orienting investors to the principles of sustainable
development. For the successful implementation of this
mechanism in Ukraine, it is necessary to adopt
international standards and regulations and develop
legislation that will ensure the effective use of funds
raised in green projects. The creation of a green bond
market will contribute to the integration of the Ukrainian
economy into European environmental standards and
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will allow attracting financing for domestic environ-
mental initiatives, meeting the requirements of
international financial practice [35].
3. Economic regulation of water use includes the
utilization of various economic instruments that ensure
the effective use of water resources, considering social,
economic, and environmental aspects.
One of the important stages of economic regulation
of water use is the calculation of the real cost of water,
which is based not only on the costs of its abstraction,
transportation, and purification but also considers its
socio-economic and environmental functions. Water is
an important resource not only for industry and
agriculture but also for ensuring the well-being of the
population and maintaining ecological stability. To
effectively integrate all these functions, it is necessary
to develop and implement methods for calculating the
value of water that takes into consideration its
multifaceted nature.
The introduction of tariff and non-tariff regulation
methods that consider the level of impact on ecosystems
is an important step towards environmentally oriented
economic regulation in the water use sector. In
particular, the introduction of progressive tariff rates for
water use, aimed at stimulating economically efficient
and environmentally responsible use of water resources,
provides for the differentiation of tariffs depending on
the volume of water consumed and the level of its
pollution, which, in turn, motivates enterprises and
organizations to implement innovative technologies to
reduce water consumption and improve the quality of
water after its use, in particular by applying modern
methods of wastewater treatment. For the effective
implementation of such tariffs, it is important to develop
systems for monitoring and accounting of water
consumption at all stages, from water intake to water
treatment and use.
The relationship between the field of environ-
mental protection and the use of natural resources is
regulated by various legal acts, in particular the
Criminal Code of Ukraine, where environmental crimes
are provided for in Chapter VIII "Crimes against the
Environment" and some other sections [36]. Significant
problems arise with the application of sanctions for such
crimes, in particular the lack of clear criteria for
calculating fines and their insufficient effectiveness as a
tool for prevention.
Similarly, administrative liability for violations in
the environmental sphere is regulated by the Code of
Ukraine on Administrative Offenses [37]. However, the
established fines are not high enough, which does not
stimulate business entities to modernize production
considering environmental requirements. To ensure the
effectiveness of environmental regulation, it is im-
portant to increase fines to a level that exceeds the
benefit from illegal activities and includes compen-
sation for damage.
In the EU countries, more stringent approaches are
in place, where excessive emissions or discharges of
pollutants are accompanied by significant fines, up to
and including the suspension of the activities of
enterprises. This approach stimulates the use of environ-
mentally friendly technologies and is economically
disadvantageous for violators. In addition to fines,
compensation for damage caused in civil proceedings is
provided for [38].
M. Sirant [38] notes that in Ukraine, the lack of
sufficient economic levers of influence and the anthro-
pocentric nature of legislation creates obstacles to
effective regulation. Legislation is often focused only on
property regulation, and environmental requirements
are ignored. For the effective implementation of the
principle of preventing environmental damage, it is
advisable to develop sanctions that will consider
environmental priorities, and the economic inexpe-
diency of offenses and will correspond to international
agreements and strategies of Ukraine in the field of
nature protection.
Thus, the use of appropriate legal liability
instruments in combination with investment and tariff
incentives ensures the formation of a holistic system of
economic regulation aimed at counteracting irrespon-
sible attitudes to water resources and stimulating the
development and implementation of environmentally
safe technologies and methods of water use.
Stakeholders and objects of the organizational and
economic mechanism of water use greening form the
basis of its functioning, ensuring interaction between
management, production, and natural components to
achieve sustainable use of water resources. The
stakeholders and objects of the organizational and
economic mechanism for greening water use form the
basis of its functioning, ensuring interaction between
management, production, and natural components to
achieve sustainable use of water resources. The
stakeholders of the organizational and economic
mechanism are: state management bodies that carry out
regulatory and legal regulation, develop environmental
standards and control in the water use sector; water-
using enterprises that directly consume resources and
influence the state of the water environment; the
population that also directly consumes water resources,
and also forms public demand for environmentally
friendly practices; scientific research institutions and
higher education institutions that provide the scientific
basis for greening; environmental audit entities
responsible for assessing the environmental efficiency
of enterprises; financial institutions that provide
financial support for environmental projects; public
organizations that play an important role in raising
environmental awareness and public control.
The objects of the mechanism are: water and near-
water resources, which are the basic components of the
natural environment, and require preservation,
restoration, and rational use; technical infrastructure of
water use, which includes structures, equipment, and
technologies aimed at optimizing water consumption
and reducing the negative impact on ecosystems; social
awareness and behavior, which determine the level of
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environmental culture and the readiness of society to
implement innovations in the field of rational water use.
The joint interaction of subjects and objects allows
the formation of a comprehensive system focused on
ensuring sustainable development of water use and
achieving harmony between environmental, economic,
and social goals.
Fig. 1 schematically depicts the Organizational and
economic mechanism for the greening of economic
relations in the field of water use in Ukraine.
Tasks, methods, principles, forms, tools, and levels
act are structural elements of the organizational and
economic mechanism, ensuring its integrity and
functional orientation. Tasks outline strategic guidelines
and operational goals that guide the activities of entities.
Methods and principles determine approaches to
Fig. 1. Organizational and economic mechanism for the greening
of economic relations in water use. sector in Ukraine
Source: author's development based on [1-40].
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decision-making and establish rules for their implemen-
tation, which allows for maintaining a balance between
economic efficiency and environmental responsibility.
Forms and tools are practical means of implementing
the mechanism, contributing to adaptation to the
specifics of water management processes. The
implementation of all elements at different levels of
management allows for a multi-vector impact on the
greening of water use.
Resources, motives, organizational subordination,
political and economic conditions, and natural and
climatic factors are external and internal factors that
affect the effectiveness of the organizational and
economic mechanism for greening. They form the
conditions in which this mechanism functions and
determine its adaptability and dynamism.
Resources, such as financing, technology, and
human resources, are the basis for the implementation
of tasks and achieving the goals of the greening
mechanism, without which the effective implementation
of the planned changes is impossible. Motives act as
internal or external motivating factors that stimulate
participants to act within the framework of greening,
different for each group of stakeholders. Organizational
subordination determines the hierarchy of interaction
and responsibility of stakeholders, which is important
for the implementation of planned measures within the
framework of the overall strategy. Political and
economic conditions directly affect decision-making,
resources, and the legal framework, forming a favorable
or restrictive environment for initiatives. Natural and
climatic factors, in turn, determine the specifics of water
use and affect the need to adapt the mechanism to
environmental changes.
Conclusions and prospects for further research.
In the conditions of Ukraine, where traditional water use
practices characterized by resource-intensive economic
relations in the water use sector predominate, the
comprehensive implementation of components and
elements of the organizational and economic
mechanism plays a key role in the process of greening
economic relations. The organizational and economic
mechanism is a determining factor in the process of
transforming economic relations in the field of water use
in Ukraine, as it creates conditions for the transition
from traditional resource-intensive practices to
environmentally responsible economic relations. The
process of greening the economy of water use occurs
through the integration of environmental principles and
standards into the regulatory framework, management,
and economic activities, which determines the increase
in the efficiency of water use in the context of
sustainable development.
The impact of this mechanism is manifested
through the adaptation of organizational structures and
the distribution of responsibility among water users, the
efficient use of resources, ensuring balanced develop-
ment, and reducing the negative impact on the natural
environment. The use of economic instruments
contributes to the optimal allocation of resources for the
implementation of environmentally friendly techno-
logies that ensure the efficiency and sustainability of
water use processes.
The purpose of the organizational and economic
mechanism is to achieve the integration of economic and
environmental goals through the development of a clear
policy in the water use sector and the creation of
conditions for its implementation. The effectiveness of
this mechanism is determined not only by the
application of regulatory and organizational methods
but also by the successful implementation of control
instruments and incentives for investments in water-
saving and environmental technologies.
The greening mechanism also requires the active
participation of various groups of stakeholders,
including state authorities, water user enterprises,
research institutions, public organizations, and local
communities, which is important for ensuring an
integrated approach and comprehensive control. Given
the changes in the global and local environment, it is
necessary to review the current water use standards and
adapt to new challenges, in particular war and post-war
in Ukraine, as well as global climatic and technological.
Through a comprehensive approach that integrates
legal, economic, investment, and organizational
instruments, the developed organizational and economic
mechanism for greening can contribute to ensuring the
achievement of sustainable development of water
management within the framework of implementing the
goals of the blue economy, introducing effective and
environmentally safe technologies, and increasing
social responsibility in the use of water resources.
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Магац Н. Формування організаційно-економічного механізму екологізації економічних відносин у сфері
водокористування
Актуальність. В умовах сучасних екологічних викликів, посилення вимог до раціонального природокористування та
необхідності інтеграції природоохоронних принципів у сферу водокористування особливої значущості набуває розробка
ефективного організаційно-економічного механізму екологізації економічних відносин. Екологізація водокористування є
важливим напрямом державної політики України в контексті адаптації до європейських стандартів сталого розвитку, що
передбачає впровадження інноваційних технологій, підвищення екологічної відповідальності суб’єктів господарювання та
вдосконалення інституційної підтримки. У воєнний та повоєнний період Україна стикатиметься з масштабними викли-
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ками щодо відновлення критичної інфраструктури, що потребує розробки механізмів, які сприятимуть ефективному
управлінню водними ресурсами та екологічній трансформації підприємств.
Мета та завдання. Метою дослідження є обґрунтування теоретико-методичних засад та розробка організаційно-
економічного механізму екологізації економічних відносин у сфері водокористування в Україні. До основних завдань
належать: визначення ключових структурних елементів механізму, дослідження інституційних, економічних і технологічних
аспектів його функціонування, обґрунтування інструментів регулювання та стимулювання екологізації у сфері
водокористування України.
Результати. Визначено сутність поняття організаційно-економічного механізму екологізації економічних відносин як
сукупність організаційних форм та економічних важелів, спрямованих на інтеграцію екологічних принципів у практику
використання водних ресурсів та забезпечення стимулювання природоохоронних заходів через удосконалення інститу-
ційного підґрунтя, інформаційно-аналітичного забезпечення, технологічну модернізацію та фінансово-економічні інстру-
менти для досягнення. Визначено, що інституційне середовище водокористування в Україні потребує гармонізації з
європейськими екологічними стандартами, що передбачає адаптацію нормативно-правової бази до засад блакитної
економіки, інституційну підтримку формування стандартів соціальної відповідальності бізнесу у водному секторі та
впровадження планів відновлення водного господарства із врахування екологічних принципів у загальні проекти повоєнного
відновлення економіки. Обґрунтовано необхідність технологічної модернізації, спрямованої на верифікацію та реконструк-
цію водної інфраструктури відповідно до сучасних екологічних стандартів, розвиток замкнутих циклів використання води та
блакитно-зеленої інфраструктури на основі альтернативних джерел водопостачання. Запропоновано застосування фінансово-
економічних важелів, зокрема фінансових інструментів «зеленого» зростання, механізмів ринкового розподілу водних
ресурсів, екологічного страхування та залучення міжнародних інвестиційних ресурсів для підтримки екологічних реформ.
Висновки. Реалізація запропонованого механізму сприятиме переходу від традиційних ресурсомістких моделей
водокористування до екологічно відповідальних економічних відносин, посилить інтеграцію екологічних принципів у
систему управління водними ресурсами, забезпечуючи гармонізацію економічних та екологічних інтересів. Його реалізація
дозволить підвищити ефективність використання водних ресурсів, стимулювати підприємства до впровадження екологічних
технологій, зміцнити інституційну підтримку екологізації та залучити додаткові фінансові ресурси для модернізації водної
інфраструктури. Застосування економічних важелів, зокрема фінансових інструментів «зеленого» зростання, механізмів
ринкового розподілу водних ресурсів та залучення міжнародної фінансової підтримки, сприятиме забезпеченню формування
належних умов для екологічної трансформації водного сектора України.
Ключові слова: екологізація, економічні відносини, верифікація інфраструктури, водокористування, організаційно-
економічний механізм, сталий розвиток, соціально-екологічна відповідальність, блакитна економіка, технологічна
модернізація, ринковий розподіл.
Mahats N. Formation of an Organizational and Economic Mechanism for the Greening of Economic Relations in the
Water Use Sector
Relevance of the study. In the context of modern environmental challenges, increasing requirements for rational environmental
management, and the need to integrate environmental principles into the water use sector, the development of an effective
organizational and economic mechanism for the greening of economic relations is of particular importance. The greening of water use
is an important direction of the state policy of Ukraine in the context of adaptation to European standards of sustainable development,
which involves introducing innovative technologies, increasing the environmental responsibility of business entities, and improving
institutional support. In the war and post-war period, Ukraine will face large-scale challenges in restoring critical infrastructure, which
requires the development of mechanisms that will contribute to the effective management of water resources and the ecological
transformation of enterprises.
Aim and objectives of the study. The study aims to substantiate the theoretical and methodological foundations and develop an
organizational and economic mechanism for greening economic relations in the water use sector in Ukraine. The main objectives
include: identifying key structural elements of the mechanism, studying the institutional, economic, and technological aspects of its
functioning, and substantiating instruments for regulating and stimulating greening in the water use sector in Ukraine.
Results. The essence of the concept of an organizational and economic mechanism for the greening of economic relations is
determined as a set of organizational forms and economic levers aimed at integrating environmental principles into the practice of
using water resources and ensuring the stimulation of environmental protection measures through improving the institutional basis,
information and analytical support, technological modernization and financial and economic instruments to achieve the optimal balance
between economic, environmental and social goals of water management development. It is determined that the institutional
environment of water use in Ukraine requires harmonization with European environmental standards, which involves adapting the
regulatory framework to the principles of the blue economy, institutional support for the formation of standards of social responsibility
of business in the water sector and the implementation of water management restoration plans considering environmental principles
into general projects of post-war economic recovery. The need for technological modernization aimed at the verification and
reconstruction of water infrastructure by modern environmental standards, the development of closed cycles of water use, and blue-
green infrastructure based on alternative sources of water supply is substantiated. The use of financial and economic levers is proposed
financial instruments of "green" growth, mechanisms for market distribution of water resources, environmental insurance, and
attraction of international investment resources to support environmental reforms.
Conclusions. The implementation of the proposed mechanism will facilitate the transition from traditional resource-intensive
models of water use to environmentally responsible economic relations and strengthen the integration of environmental principles into
the water resources management system, ensuring the harmonization of economic and environmental interests. Its implementation will
allow us to increase the efficiency of water resources use, stimulate enterprises to implement environmental technologies, strengthen
institutional support for greening, and attract additional financial resources for the modernization of water infrastructure. The use of
economic levers, in particular financial instruments for "green" growth, mechanisms for market allocation of water resources, and the
attraction of international financial support, will contribute to ensuring the formation of appropriate conditions for the ecological
transformation of the water sector of Ukraine.
Keywords: greening, economic relations, infrastructure verification, water use, organizational and economic mechanism,
sustainable development, social and environmental responsibility, blue economy, technological modernization, market distribution.
Received by the editors: 15.10.2024
Reviewed: 06.11.2024
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