Shkodkina Y. Transformation of the financial mechanism of environmentally sustainable development of Ukraine in the age of globalization

Research object: the transformation of the financial mechanism of environmentally sustainable development within the system of global economic relations. Research aim: to improve theoretical and methodological approaches to the transformation of the financial mechanism of sustainable development of Ukraine in the context of globalization. Research methods: logical generalization, scientific abstraction, system structural and retrospective analysis; regression and correlation analysis, vector autoregressive analysis; factorial comparative and structural analysis. Theoretical and practical results: the results are methodological development and practical suggestions on managing the transformation of the financial mechanism for sustainable development taking into account the impact of financial leverage on the level of achievement of the objectives ecologically sustainable development under the influence of globalization. Novelty: the scientific and methodical approach to evaluating the effectiveness of financing environmentally sustainable development, based on the assessment of financial transmission, which is represented through a set of channels that characterize direct communication and feedback between changes of financial instruments and level of carbon intensity of GDP. Degree of implementation: scientific, methodical and practical results have been implemented in the management of the Sumy Regional Council and in the educational process of Sumy State University. Field (indusrty) use: environmental economics.