Compensatory financing of energy saving projects in construction: modification of "TIF"
Keywords:energy saving, municipal bonds, investments, emission, building energy cluster
The purpose of the article is to create a mechanism for making investments by enterprises and institutional participants in the building energy cluster. The authors explore the possibility of attracting additional financial resources for implementing energy saving measures through issuance of municipal bonds and compensatory financing on the basis of tax deductions (Tax Increment Financing – TIF). The study of the practice of local borrowing in Ukraine has demonstrated the fragmented nature of the existing system. However, provided the appropriate regulatory and legal framework and the experience of other countries are taken into account, the development of the local borrowing market can be a source of financial resources for the implementation of energy saving projects. According to the results of the study of the financial compensatory technology "Tax Increment Financing" (TIF), proposals for the formation of a mechanism for making investments by enterprises and institutional participants in the building energy cluster are provided, where its structure identifies the levers, tools, methods of funding energy-saving measures, the coordination center of the energy cluster has been determined and participants of this integration formation are proposed.
How to Cite
The Research Papers in Economics and Finance (REF) is committed to open access. All of the REF` s paper are free to access immediately from the date of publication. There are no author charges, known as APCs, before release, and no charge for any reader to download articles.
A Creative Commons Attribution-NonCommercial 4.0 International (CC BY-NC 4.0) license applies to all contents published in REF. Authors and readers are free to: Share — copy and redistribute the material in any medium or format; Adapt — remix, transform, and build upon the material. The licensor cannot revoke these freedoms as long as you follow the license terms. Anyone can copy the articles published on REF for non-commercial purposes if proper credit is given, all materials are released under an open-access license with authors retaining full and permanent ownership of their work.
Contents of the journal will be registered with the CEJSH, BazEkon, CEEOL, EBSCO, and similar repositories.