Financial Mechanisms to Support the Transition to a Circular Economy

Unofficial AI-generated summary based on the public title and abstract. Not an official translation.

🔬研究者:Provides a classification of financial instruments for circular economy and a theoretical link to nature-like economics, useful for scholars in sustainable finance and circular economy transitions.

🏢実務担当者:Limited direct applicability for corporate sustainability teams due to its Russia-specific policy recommendations; general concepts on digital currency and partner finance may inspire innovation.

🏛政策担当者:The proposals for integrating nature-like criteria into taxonomy and experimenting with 'colored' digital ruble offer a regulatory model for other regions exploring sustainable finance mechanisms.

The relevance of the study is determined by the need to transform financial mechanisms to ensure the transition to a circular economy in the context of the instability of the current technogenic development model. The existing gap between the financial sector and the real economy, as well as short-term market benchmarks and difficulties in monetizing externalities, which limits the financing available for sustainable development projects. The aim of the study is to develop theoretical, methodological, and practical recommendations for transforming of financial mechanisms to ensure an effective transition to a circular economy. The research methods used include the systems approach, scientific abstraction, comparative analysis, the classification method, the analysis of statistical data, and the analysis of practical cases. Research results: theoretical approaches to sustainable finance have been systematized. The author’s classification of financial instruments for the circular economy has been developed. The compliance of the partner financial system with the open-book principle necessary for the formation of effective circular ecosystems has been substantiated. The potential of digital currencies for the formation of a two-circuit monetary system that provides targeted financing for sustainable projects has been identified. A mechanism for monetizing externalities through quasi-financial instruments has been proposed. The connection between the proposed financial mechanisms and the goals of creating a naturelike economy that focuses on the regeneration of natural capital has been demonstrated. Conclusions and practical significance: The need to combine market and administrative mechanisms for regulating sustainable finance has been substantiated. Recommendations have been formulated for developing an experiment in partner financing, introducing a “colored” digital ruble, creating a unified platform for the circulation of quasi-financial instruments, and integrating nature-like criteria into the Russian taxonomy of sustainable projects.

• semanticscholar https://doi.org/10.26794/2587-5671-2026-30-2-172-184first seen 2026-05-15 21:08:43 · last seen 2026-06-16 05:17:59