Original scientific paper

Environmental Financing in the Republic of Croatia - What are the Options?

Ana Pavičić-Kaselj ; Institute for International Relations, IMO, Zagreb, Croatia

Abstract

Sustained provision of sufficient financial resources for environmental investments is a prerequisite for addressing environmental challenges in the Republic of Croatia. It is of high importance to set out optimal use of the various available sources of environmental finance, including domestic public expenditure, international assistance, loans from international financing institutions and financial contributions by the private sector. Governments need to prioritize the environment in public expenditure framework and create suitable climate for the private sector participation in environmental financing. The international community must ensure more accessible loans from international financing institutions for environmental investments and provide grant co-financing possibility. Private sector involvement requires the establishment of mechanisms that will facilitate private sector contributions to public sector infrastructure projects.

Keywords

Environmental policy; Environmental financing; Environmental protection expenditure; European Union; Croatia

Hrčak ID:

24505

URI

https://hrcak.srce.hr/24505

Publication date:

1.5.2008.

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