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<article article-type="research-article" dtd-version="1.3" xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xml:lang="ru"><front><journal-meta><journal-id journal-id-type="publisher-id">upravlenie</journal-id><journal-title-group><journal-title xml:lang="ru">Государственное и муниципальное управление. Ученые записки</journal-title><trans-title-group xml:lang="en"><trans-title>State and municipal management. Scholar notes</trans-title></trans-title-group></journal-title-group><issn pub-type="ppub">2079-1690</issn><issn pub-type="epub">2687-0290</issn><publisher><publisher-name>Южно-Российский институт управления</publisher-name></publisher></journal-meta><article-meta><article-id pub-id-type="doi">10.22394/2079-1690-2024-1-3-78-85</article-id><article-id custom-type="edn" pub-id-type="custom">HFDLKQ</article-id><article-id custom-type="elpub" pub-id-type="custom">upravlenie-176</article-id><article-categories><subj-group subj-group-type="heading"><subject>Research Article</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="ru"><subject>ПРОБЛЕМЫ ЭКОНОМИКИ</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="en"><subject>PROBLEMS OF ECONOMICS</subject></subj-group></article-categories><title-group><article-title>Финансовые инструменты стимулирования «зеленой» трансформации региональной экономики</article-title><trans-title-group xml:lang="en"><trans-title>Financial incentive instruments of regional economy’ «green» transformation</trans-title></trans-title-group></title-group><contrib-group><contrib contrib-type="author" corresp="yes"><contrib-id contrib-id-type="orcid">https://orcid.org/0009-0007-2352-3161</contrib-id><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Лэй</surname><given-names>Лю</given-names></name><name name-style="western" xml:lang="en"><surname>Lei</surname><given-names>Liu</given-names></name></name-alternatives><bio xml:lang="ru"><p>Лю Лэй – аспирант кафедры «Инновационный и международный менеджмент» факультета управления ЮФУ; преподаватель, Синьянский университет сельского и лесного хозяйства</p><p>Ростов-на-Дону; Синьян</p></bio><bio xml:lang="en"><p>Liu Lei – PhD student, Department "Innovative and International Management", Southern Federal University; Lecturer, Xinyang Agriculture and Forestry University</p><p>Rostov-on-Don; Xinyang</p><p> </p></bio><email xlink:type="simple">leiliu@sfedu.ru</email><xref ref-type="aff" rid="aff-1"/></contrib><contrib contrib-type="author" corresp="yes"><contrib-id contrib-id-type="orcid">https://orcid.org/0000-0001-5829-5372</contrib-id><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Лазарева</surname><given-names>Е. И.</given-names></name><name name-style="western" xml:lang="en"><surname>Lazareva</surname><given-names>E. I.</given-names></name></name-alternatives><bio xml:lang="ru"><p>Елена Иосифовна Лазарева – доктор экономических наук, профессор, зав. кафедрой «Инновационный и международный менеджмент» факультета управления ЮФУ</p><p>Ростов-на-Дону</p></bio><bio xml:lang="en"><p>Elena I. Lazareva – Dr. Sci. (Econ.), Professor, Head of Department "Innovative and International Management" of the Faculty of Management </p><p>Rostov-on-Don</p></bio><email xlink:type="simple">elazareva@sfedu.ru</email><xref ref-type="aff" rid="aff-2"/></contrib></contrib-group><aff-alternatives id="aff-1"><aff xml:lang="ru">Южный федеральный университет; &#13;
Синьянский университет сельского и лесного хозяйства<country>Россия</country></aff><aff xml:lang="en">Southern Federal University; &#13;
Xinyang Agriculture and Forestry University<country>Russian Federation</country></aff></aff-alternatives><aff-alternatives id="aff-2"><aff xml:lang="ru">Южный федеральный университет<country>Россия</country></aff><aff xml:lang="en">Southern Federal University<country>Russian Federation</country></aff></aff-alternatives><pub-date pub-type="collection"><year>2024</year></pub-date><pub-date pub-type="epub"><day>21</day><month>11</month><year>2025</year></pub-date><volume>0</volume><issue>3</issue><fpage>78</fpage><lpage>85</lpage><permissions><copyright-statement>Copyright &amp;#x00A9; Лэй Л., Лазарева Е.И., 2025</copyright-statement><copyright-year>2025</copyright-year><copyright-holder xml:lang="ru">Лэй Л., Лазарева Е.И.</copyright-holder><copyright-holder xml:lang="en">Lei L., Lazareva E.I.</copyright-holder><license license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>This work is licensed under a Creative Commons Attribution 4.0 License.</license-p></license></permissions><self-uri xlink:href="https://upravlenie-uriu.ranepa.ru/jour/article/view/176">https://upravlenie-uriu.ranepa.ru/jour/article/view/176</self-uri><abstract><p>Трансформация и развитие экономики в сторону озеленения – важная мера для различных регионов по решению глобальных проблем изменения климата и растущего уровня загрязнения окружающей среды, а также необходимый путь для достижения устойчивого развития. Будь то модернизация и трансформация «зеленых» технологий в традиционных отраслях или «зеленое» управление общественной средой, необходима внешняя финансовая поддержка, чтобы компенсировать недостаточные инвестиции субъектов микроэкономики. Цель исследования – анализ ключевых финансовых инструментов, стимулирующих «зеленую» трансформацию региональной экономики, а также попытка определить направления использования этих инструментов для увеличения эффективного предложения «зеленых» фондов и обеспечения их возрастающей роли в содействии экономической трансформации на пути строительства экологической цивилизации. Методологическую основу исследования составили аналитический и компаративный методы, а также актуальные труды ученых, посвященные изучению проблем стимулирования экологически-ориентированных трансформационных процессов, прежде всего, в региональном разрезе. Результаты анализа показывают, что, учитывая важную вспомогательную роль финансов в «зеленой» трансформации экономики и тот факт, что соответствующие исследования все еще находятся на начальной стадии, системный механизм финансового стимулирования «зеленой» трансформации региональной экономики должен базироваться на трех элементах: финансовой поддержке, распределении капитала и диверсификации рисков. Продемонстрировано, что развитие «зеленой» экономики не может быть отделено от возрастающей инновационной динамики «зеленых» финансовых продуктов, вследствие чего необходимо наращивать усилия в сфере разработки и внедрения финансовых инноваций, обеспечения приоритетной финансовой поддержки ключевых отраслей «зеленой» экономики.</p></abstract><trans-abstract xml:lang="en"><p>Transformation and development of the economy towards greening is an important measure for different regions to address the global challenges of climate change and rising pollution levels, and a necessary pathway to achieve sustainable development. Whether it is modernization and transformation of green technologies in traditional industries or green management of the public environment, external financial support is needed to compensate for the insufficient investment of micro-economic actors. The purpose of the study is to analyze the key financial instruments that stimulate the green transformation of the regional economy, as well as an attempt to determine the directions of using these instruments to increase the effective supply of green funds and ensure their increasing role in promoting economic transformation on the path of building an ecological civilization. The methodological basis of the study was formed by analytical and comparative methods, as well as relevant works of scientists devoted to the study of the problems of stimulating environmentally-oriented transformation processes, primarily in the regional context. The results of the analysis show that, given the important supporting role of finance in the green transformation of the economy and the fact that the relevant research is still at the initial stage, the systemic mechanism of financial stimulation of the regional economy’ green transformation should be based on three elements: financial support, capital allocation and risk diversification. It is demonstrated that the development of green economy cannot be separated from the increasing innovation dynamics of "green" financial products, so it is necessary to increase efforts in the field of development and implementation of financial innovations, to provide priority financial support to key sectors of the green economy.</p></trans-abstract><kwd-group xml:lang="ru"><kwd>финансовое стимулирование</kwd><kwd>финансовая поддержка</kwd><kwd>экономические преобразования</kwd><kwd>зеленая экономика</kwd><kwd>распределение капитала</kwd><kwd>диверсификация рисков</kwd></kwd-group><kwd-group xml:lang="en"><kwd>financial stimulation</kwd><kwd>financial support</kwd><kwd>economic transformation</kwd><kwd>green economy</kwd><kwd>capital allocation</kwd><kwd>risk diversification</kwd></kwd-group><funding-group xml:lang="ru"><funding-statement>Исследование выполнено в Южном федеральном университете при поддержке Российского научного фонда (проект № 24-28-01624) и Фонда исследований молодых преподавателей Синьянского сельскохозяйственного и лесотехнического университета Китая (грант № QN2021043).</funding-statement></funding-group><funding-group xml:lang="en"><funding-statement>The research was carried out at the Southern Federal University with the support of the Russian Science Foundation (project No. 24-28-01624) and of the Young Teachers' Research Fund of Xinyang Agricultural and Forestry University China (Grant No. QN2021043).</funding-statement></funding-group></article-meta></front><back><ref-list><title>References</title><ref id="cit1"><label>1</label><citation-alternatives><mixed-citation xml:lang="ru">Лопатников Д.Л., Горбанев В.А. 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