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Author
Tkachenko Volodymyr (Kyiv National University of Construction and Architecture, Ukraine), Ivakhnenko Iryna (Kyiv National University of Civil Engineering and Architecture, Ukraine), Klimchuk Maryna (Kyiv National University of Civil Engineering and Architecture, Ukraine), Ploska Hanna (Kyiv National University of Civil Engineering and Architecture, Ukraine)
Title
Compensatory Financing of Energy Saving Projects in Construction. Modification of "TIF"
Source
Research Papers in Economics and Finance, 2018, vol. 3, nr 1, s. 47-52, rys., bibliogr. 20 poz.
Keyword
Racjonalne zużycie energii, Obligacje komunalne, Inwestycje
Rational use of energy, Communal bonds, Investment
Note
summ.
Abstract
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.(original abstract)
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Bibliography
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ISSN
2543-6430
Language
eng
URI / DOI
http://dx.doi.org/10.18559/ref.2018.1.5
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