Improvement of the Economic Mechanism of Nature Use in Conditions of Institutional Transformations: Goals, Global and National Determinants

• Published in: Bìznes ìnform (Multilingual ed.) Vol. 7; no. 534; pp. 122 - 132
• Main Authors: Medynska, Nataliia V., Holian, Vasyl A., Zastavnyy, Yuriy B.
• Format: Journal Article
• Language: English
• Published: Research Centre of Industrial Problems of Development of NAS of Ukraine 01.07.2022
• Subjects: decentralization; economic mechanism; environmental architecture; european integration; nature management; public sector
• ISSN: 2222-4459; 2311-116X
• DOI: 10.32983/2222-4459-2022-7-122-132

It is substantiated that in the conditions of deepening institutional transformations in the natural resource sector of the national economy, which involve the reform of the natural resource management system, the diversification of ownership of natural resource and natural economic assets, the institutionalization of new organizational and legal forms of environmental protection and environmental economic entrepreneurship, the problem of improving the economic mechanism of nature management both at the national and local levels is being updated. It was revealed that the main prerequisite for the formation of a modern economic mechanism of nature use is the development of regulatory and legal support for the diversification of methods, tools and levers of regulatory influence on nature users. It has been established that the following are the main global determinants that must be taken into account when modernizing the budget-tax, monetary-credit, regulatory-permissive and advisory components of the economic mechanism of nature use: the European integration vector of Ukraine's development; modern global environmental protection architecture; the conjuncture of world commodity markets. Studies have shown that the main national determinant of the development of measures to improve the economic mechanism of nature management is the decentralization of power and the reform of local self-government, which provide for the transfer of a significant bundle of powers, in particular in the system of natural resource management and environmental protection, to the level of territorial communities. It is substantiated that when institutionalizing and differentiating the level of regulatory influence on nature users, it is necessary to take into account the specifics of the functioning of the public and corporate sectors and the household sector in the field of nature use. It was established that the list of main goals for improving the economic mechanism of nature management should include: increasing the level of capitalization of the economic development of natural resource potential and the use of ecosystem services; provision of integrated nature management and environmental protection in the public and corporate sectors, as well as in the household sector; increasing the level of social and environmental responsibility of business; creation of conditions for accelerated development of various types of bioenergy.