Importance This article discusses the role of revolving funds as a tool for environmental projects financing. Objectives The article aims to study and analyze the world experience of revolving fund use and formation scheme classification to select the optimal one. Methods For the study, I used the systems approach, comparative analysis, statistical analysis, and modeling. Results The article presents the detailed functioning schemes of revolving funds. The work reveals the advantages of revolving funds use such as the return of investment, stable profitability, and the purposeful use. On the basis of some other countries' experience, the article develops a classification of these funds. Conclusions and Relevance The proposed systematization of theoretical and practical materials in the field of the use of revolving funds for the financing of environmental projects and the proposed classification will help develop the optimal scheme depending on the economic situation in the country and peculiarities of the ecological project. The proposals can be of interest to the State authorities in the management of public and municipal finances in the field of environmental protection.
Maiorano J. Barriers to Energy Efficiency and the Uptake of Green Revolving Funds in Canadian Universities. International Journal of Sustainability in Higher Education, 2015, no. 2, pp. 200–216. URL: https://doi.org/10.1108/IJSHE-07-2012-0062
Streitferdt V., Chirarattananon S. Energy Efficiency Finance Support in Thailand: Lessons Learned from the Energy Efficiency Revolving Fund. Journal of Sustainable Energy & Environment, 2015, no. 6, pp. 13–16.
Painuly J.P. Financing Energy Efficiency: Lessons from Experiences in India and China. International Journal of Energy Sector Management, 2009, vol. 3, iss. 3, pp. 293–307. URL: https://doi.org/10.1108/17506220910986815
Taylor R.P., Govindarajalu C., Levin J. et al. Financing Energy Efficiency: Lessons from Brazil, China, India, and Beyond. The International Bank for Reconstruction and Development, 2008, 286 p. URL: http://bookre.org/reader?file=1080635&pg=3
Arbuckle G.J. Jr. Clean Water State Revolving Fund Loans and Landowner Investments in Agricultural Best Management Practices in Iowa. Journal of the American Water Resources Association, 2012, no. 1, pp. 67–75. URL: https://doi.org/10.1111/j.1752-1688.2012.00688.x
Bond D.L., Platz D., Magnusson M. Financing Small-Scale Infrastructure Investments in Developing Countries. DESA Working Papers, 2012, no. 114, 16 p.