Inshakova A.O., Osadchenko E.O. Green Bonds and Industrial Mortgages as Key Financial Instruments for Digital Sustainability Institutions
DOI: https://doi.org/10.15688/lc.jvolsu.2023.1.19
Agnessa O. Inshakova, Doctor of Sciences (Jurisprudence), Professor, Head of the Department of Civil and Private International Law (Base Department of the Southern Scientific Centre of the Russian Academy of Sciences), Volgograd State University, Prosp. Universitetsky, 100, 400062 Volgograd, Russian Federation, This email address is being protected from spambots. You need JavaScript enabled to view it. , https://orcid.org/0000-0001-8255-8160
Elvira O. Osadchenko, Candidate of Sciences (Jurisprudence), Associate Professor, Department of Civil and Private International Law (Base Department of the Southern Scientific Centre of the Russian Academy of Sciences), Volgograd State University, Prosp. Universitetsky, 100, 400062 Volgograd, Russian Federation, This email address is being protected from spambots. You need JavaScript enabled to view it. , https://orcid.org/0000-0002-7709-4821 Introduction. At the present stage of development of the economic system of the Russian Federation, environmental entrepreneurship is of priority importance in the process of informational neo-industrialization of society as the main factor in preserving the environment and increasing the level of climate and energy security of the state and society. In the context of the significance of the problems of legal support for sustainable development, the purpose of the work is to conduct a study of innovative legal mechanisms for financing environmental entrepreneurship that meet the main parameters of this concept. Methods. The methodological framework for the study is determined by the approach of materialistic positivism, which determines the application of a combination of the general scientific and special legal methods of scientific knowledge. In particular, the methods of formal logic, consistency, analysis, and the comparative legal and formal legal methods are used. Results. In the context of a new socio-economic formation that meets the concept of sustainable development, the need to form the legal framework for new financial instruments such as “digital green industrial mortgages” and “digital green bonds”. Conclusions. As a result of the study, it is found that the legal regulation of non-documentary securities, including “digital green industrial mortgages” and “green bonds”, will increase the stability of the regulation of public relations, and allow the formation of a legal conceptual apparatus used in the future when resolving disputes that arise in the process of implementing economic activities by subjects of environmental entrepreneurship. The authors prove the need to include the term “long-term deal of environmental entrepreneurship” in the categorical apparatus of the civil legislation. The authors have substantiated the necessity of making changes to the current legislation aimed at fixing the procedure, conditions and terms for issuing digital securities, whose subject is the financing of environmental protection measures.
Key words: digital economy, investment activity, green banking, industrial mortgage lending, securities, green bonds, industrial green mortgages.
Citation. Inshakova A.O., Osadchenko E.O. Green Bonds and Industrial Mortgages as Key Financial Instruments for Digital Sustainability Institutions. Legal Concept = Pravovaya paradigma, 2023, vol. 22, no. 1, pp. 140-146. (in Russian). DOI: https://doi.org/10.15688/lc.jvolsu.2023.1.19