FINANCIAL SUPPORT FOR CLIMATE SECURITY MANAGEMENT

In the 21st century, climate change is becoming a key constraint on the sustainable development of industries, regions, countries, and the world community as a whole. Climate risk management therefore requires increased financial support, both to compensate for the damage caused by hydrometeorological hazards and to implement policies to reduce anthropogenic greenhouse gas emissions and adapt to changes. The article examines the main sources of financing for climate security management in Russia and foreign countries. Their positive aspects and problems of practical use have been identified. Each financial instrument is considered from the point of view of regulatory influence on subjects of market economy and climate risks. It has been shown that a number of elements of fiscal policy used on an ongoing basis or as an experiment in Russia require refinement or replacement. Practical recommendations for improving the situation are proposed, including the use of innovative tools for our country (climate innovation bank, weather and temperature options, etc.). The author's recommendations are aimed at changing the vector of climate regulation from state paternalism to the application of entrepreneurial initiative by creating effective market incentives. The result will be not only a decrease in greenhouse gas emissions and energy intensity of the economy, but also an increase in profitability and competitiveness, the investment attractiveness of organizations, territorial entities, the country, as well as an increase in the employment and well-being of the population and national wealth of the Russian Federation.