INVESTMENT PROGRAMS IMPLEMENTATION IN THE WASTE MANAGEMENT SYSTEM OF UKRAINE: CURRENT STATE AND PROSPECTS

Abstract

In recent years, Ukraine, like the rest of the world, has faced an acute problem of environmental degradation caused by a complex of factors, the most significant of which is anthropogenic impact. Increased household waste, soil and water pollution, and depletion of natural resources seriously threaten the ecosystem and human health. Recognising the criticality of the situation, the Ukrainian government launched the National Waste Management Strategy until 2030 in 2020. One of the crucial tools for implementing the National Strategy is investment programmes in household waste management. Investment programmes are a powerful tool for developing the waste management sector but require effective control and regulation. It is necessary to ensure the targeted use of funds, prevent corruption and abuse, and increase investment efficiency. The purpose of the study is to analyse the current waste management policy and methods of its financing on the example of investment programmes, to research the algorithm for submission, approval and implementation of investment programmes and, on this basis, to provide recommendations for improving the legislative framework of environmental policy and the mechanism for submission, approval and control of investment programmes. The research materials are: 1) a regulatory framework for the development, coordination and approval of investment programmes; 2) existing investment programs of new and old models. The following scientific methods were used in the research process: system analysis, in which the process of developing, submitting and approving investment programs is considered as a single system; functional analysis was used to analyze the feasibility of developing an investment program; structural analysis took place in the study of agreed investment programs in the field of household waste management; information analysis was used to study the legislative framework; comparative analysis - to find common and distinctive features in investments. The research article examines the problem of waste management and the legislation designed to solve it. Investment programs are considered one of the tools for financing waste management. Relevant laws and governmental documents related to the development, coordination and approval of investment programs are analyzed and recommendations for improving this process are proposed. Information on the current waste management program and investment programs as a tool for financing them can be used to improve the system of financing environmentally oriented measures related to the processing and/or disposal of various types of waste, which will help bring Ukraine closer to European standards of environmental awareness. This work was supported by the Ministry of Education and Science of Ukraine (research topic 0123U100112 “Post-war recovery of the energy industry of Ukraine: Optimization of waste management taking into account the health of the population, environmental, investment, tax determinants”) and the Executive Agency for Education and Culture of the European Union (Jean Monet module, project No. 101047530 “Healthy economy and policy: European values for Ukraine”).