Akademik Məlumat İdarəetmə Sistemi
TRENDS OF THE MODERN ERA: "GREEN ECONOMY AND SUSTAINABLE DEVELOPMENT" , Baku, Azerbaijan, 16 - 17 December 2024, pp.193-199, (Full Text)
The article is dedicated to researching and systematizing the experience of the developed countries of the world on the mechanism of using financial instruments in the formation and development of the green economy and improving the application of green financial instruments in this direction in our country. The purpose of the study is to study the financial mechanism of the formation of the green economy in Azerbaijan and justify recommendations for its improvement. General scientific and special research methods, including monographic, comparative, statistical, table, analysis, induction and deduction methods were used in the research process. The article first justified the need to develop a financial mechanism in the formation and development of the green economy and determined the initial conditions, the national level of the implementation of the financial mechanism during the formation of the green economy, and the financial instruments contributing to the development of the green economy and their application characteristics were examined. At the end of the study, the author emphasized the importance of green tariff, investment and tax factors in stimulating the development of the green economy, and gave relevant suggestions and recommendations on the topic. The scientific innovation consists in the development of a theoretical approach to the financial mechanism of the formation of the green economy by determining the relevance of the application of the market of financial instruments in Azerbaijan.