Open AccessSOME ASPECTS OF STATE GOVERNANCE OF NATURAL ASSETS IN UKRAINE
Author(s) -
Borys Burkynskyi,
Ніна Хумарова,
Hanna Shevchenko
Publication year - 2020
Publication title -
ekonomìčnì ìnnovacìïï
Language(s) - English
Resource type - Journals
eISSN - 2616-5430
pISSN - 2524-003X
DOI - 10.31520/ei.2020.22.1(74).8-19
Subject(s) - natural resource , business , natural capital , asset (computer security) , government (linguistics) , corporate governance , reproduction , natural resource economics , environmental resource management , economics , industrial organization , ecosystem services , finance , ecology , linguistics , philosophy , computer security , ecosystem , computer science , biology
Topicality. The state of ecological-economic development in Ukraine demonstrates the exhausted disposition of its natural-resource potential due to exorbitant and consumer use, as well as the unbalance of the government functions of use and reproduction of natural capital.Aim and tasks. The purpose of the article is to substantiate the state governance of natural assets, taking into account the factor of environmental conflict in the framework of sustainable development.Research results. Natural assets are considered as resources as a result of their involvement in economic activity a benefit is received due to increased net cash flows, both from their direct use and from the provision of ecosystem services. Within a certain territory, the total volume of natural resources differs from the volume of natural assets by the amount of the passive part of natural capital. State regulation of natural assets is defined as a type of state activity on forming the policy of organizing the practical activity of state bodies, provision technological process of preparation, adoption and execution of managerial decisions regarding economic entities - users of natural assets.Conclusion. Asset management effectiveness depends on the type of the policy that is chosen traditional, integrated or transformational and, consequently, the level of application alongside regulatory instruments technological and social innovation and, above all, economic incentive instruments, in particular, the consideration of natural resources in price terms, the establishment of a time-differentiated system of penalties on what is directly harm the environment, new development strategies that ensure the relationship between the objectives of economy's social sphere and environmental security. In resolving environmental conflicts that arise in the field of natural assets management the method of ecological consensus was proposed that is inclusive in nature and is as close as possible to comply with the principle of Pareto optimality.