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Coordinated and published by The Grassroots Institute, the Grassroots Journal of Natural Resources (GJNR) is an international journal dedicated to the latest advancements in natural resources throughout the world. The goal of this journal is to provide a platform for scientists, social scientists, policy analysts, managers and practitioners (on all academic and professional levels) all over the world to promote, discuss and share various new issues and developments in different arenas of natural resources.
Ruslana Opalchuk*1, Andreii Shepel2, Ivan Dimov3, Ruslana Andrushko4, Mykola Andrushko5
1Department of Banking and Insurance, Faculty of Economics, National University of Life and Environmental Sciences of Ukraine, Kyiv, Ukraine. Email: tagrin@ukr.net ORCID: https://orcid.org/0000-0002-3733-8182
2Department of Agriculture, Faculty of Agronomy, Kherson State Agrarian and Economic University, Kherson, Ukraine. Email: andrey.inessa_shepel@ukr.net | ORCID: https://orcid.org/0000-0002-9955-4569
3Interregional Academy of Personnel Management, Kyiv, Ukraine.
Email: dimovivan0307@gmail.com ǀ ORCID: https://orcid.org/0009-0008-1850-3200
4Department of Accounting and Taxation, Lviv National Environmental University, Lviv, Ukraine.
Email: andrp1992@ukr.net ǀ ORCID: https://orcid.org/0000-0003-1235-4511
5Department of Technology in Crop Production, Lviv National Environmental University, Lviv, Ukraine.
Email: mikolapan1993@ukr.net ǀ ORCID: https://orcid.org/0000-0002-4099-7605
*Corresponding Author
Grassroots Journal of Natural Resources, 7(3ukr): s349-s377. Doi: https://doi.org/10.33002/nr2581.6853.0703ukr18
Received: 25 October 2024
Reviewed: 15 November 2024
Provisionally Accepted: 19 November 2024
Revised: 29 November 2024
Finally Accepted: 05 December 2024
Published: 31 December 2024
Climate change significantly impacts the agricultural sector, causing reduced yields and deteriorating growing conditions. There is an urgent need to make agriculture more climate-resilient conditions to ensure food security and sustainable development. The research assesses the effectiveness of financial instruments in adapting agriculture to climate change. We performed an in-depth literature review, economic and environmental analysis, and comparative analysis of various financial instruments. The results show that green bonds and investment funds demonstrate the highest economic efficiency and significant investment volume in sustainable technologies. Crop insurance and credit programmes reduce farmers' financial risks, contributing to their income stability. Subsidies and grants facilitate the introduction of new technologies and adaptive measures, increasing farmers' productivity and incomes. Environmental sustainability is achieved through green bonds and subsidies, which help reduce carbon emissions and improve the state of the environment. However, insufficient awareness, difficulties accessing finance, and the lack of effective climate risk assessment models remain significant obstacles. Solving these problems requires a comprehensive approach and cooperation between the public and private sectors. The practical significance of the results lies in developing recommendations for improving the use of financial instruments to enhance the resilience of agriculture to climate change.
Climate change; Financial instruments; Sustainable development; Green bonds; Crop insurance; Economic efficiency; Environmental sustainability; Agricultural risks; Cultivation technologies
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Opalchuk, R., Shepel, A., Dimov, I., Andrushko, R. and Andrushko, M. (2024). Ensuring Sustainable Development of the Agricultural Sector through Financial Instruments in the Context of Climate Change. Grassroots Journal of Natural Resources, 7(3): s349-s377. Doi: https://doi.org/10.33002/nr2581.6853.0703ukr18
Opalchuk, R., Shepel, A., Dimov, I., Andrushko, R., & Andrushko, M. (2024). Ensuring Sustainable Development of the Agricultural Sector through Financial Instruments in the Context of Climate Change. Grassroots Journal of Natural Resources, 7(3), s349-s377. https://doi.org/10.33002/nr2581.6853.0703ukr18
Opalchuk R., Shepel A., Dimov I., Andrushko R., Andrushko M. Ensuring Sustainable Development of the Agricultural Sector through Financial Instruments in the Context of Climate Change. Grassroots Journal of Natural Resources, 2024, 7 (3), s349-s377. https://doi.org/10.33002/nr2581.6853.0703ukr18
Opalchuk, Ruslana, Shepel, Andreii, Dimov, Ivan, Andrushko, Ruslana, Andrushko, Mykola. 2024. “Ensuring Sustainable Development of the Agricultural Sector through Financial Instruments in the Context of Climate Change”. Grassroots Journal of Natural Resources, 7 no. 3: s349-s377. https://doi.org/10.33002/nr2581.6853.0703ukr18
Opalchuk, Ruslana, Andreii Shepel, Ivan Dimov, Ruslana Andrushko and Mykola Andrushko. 2024. “Ensuring Sustainable Development of the Agricultural Sector through Financial Instruments in the Context of Climate Change”. Grassroots Journal of Natural Resources, 7 (3): s349-s377. https://doi.org/10.33002/nr2581.6853.0703ukr18
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