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<article xmlns="https://jats.nlm.nih.gov/publishing/1.1/" xmlns:xlink="http://www.w3.org/1999/xlink" xml:lang="ru" xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" dtd-version="1.1" specific-use="eps-0.1"><front><journal-meta><journal-id journal-id-type="publisher">SciNotesIBI</journal-id><journal-id journal-id-type="ojs">SciNotesIBI</journal-id><journal-title-group><journal-title xml:lang="ru">Ученые записки Международного банковского института</journal-title><trans-title-group xml:lang="en"><trans-title>Proceedings of the International Banking Institute</trans-title></trans-title-group><abbrev-journal-title xml:lang="en">Proceedings of the International Banking Institute</abbrev-journal-title><abbrev-journal-title xml:lang="ru">Ученые записки Международного банковского института</abbrev-journal-title></journal-title-group><contrib-group/><publisher><publisher-name>Международный банковский институт</publisher-name><publisher-loc><country>RU</country><uri>https://www.ibispb.ru/</uri></publisher-loc></publisher><issn pub-type="ppub">2413-3345</issn><self-uri xlink:href="https://journal.ibispb.ru/index.php/SciNotesIBI"/></journal-meta><article-meta><article-id pub-id-type="publisher-id">103</article-id><article-id pub-id-type="EDN">DNRHMF</article-id><article-categories><subj-group subj-group-type="heading" xml:lang="ru"><subject>Статьи</subject></subj-group></article-categories><title-group><article-title xml:lang="ru">Зеленое финансирование: система распределения инвестиционных результатов</article-title><trans-title-group xml:lang="en"><trans-title>Green financing: the system of distribution of investment results</trans-title></trans-title-group></title-group><contrib-group content-type="author"><contrib><name-alternatives><string-name specific-use="display">Ключников О.И.</string-name><name name-style="western" specific-use="primary"><surname>Ключников</surname><given-names>Олег Игоревич</given-names></name></name-alternatives><xref ref-type="aff" rid="aff-1"/><bio xml:lang="en"><p>Candidate of Economic Sciences, Associate Professor</p>
<p>Associate Professor of the Department of Banking Business and Innovative Financial Technologies, Autonomous Nonprofit Organization of Higher Education «International Banking Institute named after Anatoliy Sobchak» (191023, Saint Petersburg, Nevsky pr., 60)</p></bio><bio xml:lang="ru"><p>к.э.н, доцент</p>
<p>Кафедра банковского бизнеса и инновационных финансовых технологий Автономная некоммерческая организации высшего образования «Международный банковский институт имени Анатолия Собчака» (191023, Невский пр., 60, Санкт-Петербург, Россия)</p></bio></contrib></contrib-group><aff id="aff-1"><institution content-type="orgname">Автономная некоммерческая организации высшего образования «Международный банковский институт имени Анатолия Собчака»</institution></aff><pub-date date-type="collection"><year>2023</year></pub-date><pub-date date-type="pub" publication-format="epub"><day>30</day><month>12</month><year>2023</year></pub-date><issue seq="8">4 (46)</issue><issue-id>10</issue-id><fpage>98</fpage><lpage>113</lpage><pub-history><event event-type="received"><event-desc>Received: <date date-type="received" iso-8601-date="2026-04-06T12:40:56+00:00"><day>6</day><month>4</month><year>2026</year></date></event-desc></event></pub-history><permissions><copyright-statement>Copyright (c) 2023 Ученые записки Международного банковского института</copyright-statement><copyright-year>2023</copyright-year><copyright-holder>Ученые записки Международного банковского института</copyright-holder><license xlink:href="https://creativecommons.org/licenses/by-nc/4.0/"><license-p>&lt;a rel="license" href="https://creativecommons.org/licenses/by-nc/4.0/"&gt;&lt;img alt="Лицензия Creative Commons" src="//i.creativecommons.org/l/by-nc/4.0/88x31.png" /&gt;&lt;/a&gt;&lt;p&gt;Это произведение доступно по &lt;a rel="license" href="https://creativecommons.org/licenses/by-nc/4.0/"&gt;лицензии Creative Commons «Attribution-NonCommercial» («Атрибуция — Некоммерческое использование») 4.0 Всемирная&lt;/a&gt;.&lt;/p&gt;</license-p></license></permissions><self-uri xlink:href="https://journal.ibispb.ru/index.php/SciNotesIBI/article/download/103/99/330" content-type="application/pdf"/><self-uri xlink:href="https://journal.ibispb.ru/index.php/SciNotesIBI/article/view/103"/><abstract><p>Цель статьи заключается в анализе развития зеленого финансирования с позиции распределения затрат и доходов как в системе инвестор – предприниматель, так и между всеми потребителями изменений, которые произошли в ходе реализации проекта. В структуре российской̆ экономики доля углеродоемких и смешанных отраслей составляет около 40 %. Выбросы углекислого газа оказывают воздействие на население. При этом имеются региональные асимметрии. Для этого, чтобы учесть в системе доход – прибыль воздействие на окружающую среду грязных производств и зеленого финансирования, меняющих данную ситуацию, необходимы значительные преобразования в сигнальном аппарате, который воздействует на инвесторов. В загрязнении и распределении затрат и выгод от финансирования технологического перевооружения хозяйства между инвесторами и другими участниками потребления природы важная роль отводится внешним экстернальностям. При зеленом финансировании нередко происходит распространение за рамки системы предприниматель-инвестор затрат на изменения и результатов, выраженных в улучшении качества окружающей среды. Механизм учета и распределения расходов и доходов между всеми потребителями изменений, которые происходят в ходе как зеленых, так и коричневых инвестиций, является важной задачей, решение которой позволит создать дополнительные условия для развития зеленого финансирования.</p></abstract><trans-abstract xml:lang="en"><p>The purpose of the article is to analyze the development of green finance from the point of view of the distribution of costs and income both in the investor-entrepreneur system and among all consumers of changes that occurred during the implementation of the project. The share of carbon-intensive and mixed industries in the structure of the Russian economy is about 40%. Carbon dioxide emissions affect the population. At the same time, there are regional asymmetries. To do this, to consider the environmental impact of dirty industries and green financing in the income-profit system, which are changing this situation, significant transformations are needed in the signaling apparatus that affects investors. External externalities play an important role in pollution and the distribution of costs and benefits from financing technological re-equipment of the economy between investors and other participants in nature consumption. With green financing, the costs of change and the results expressed in improving environmental quality often spread beyond the entrepreneur-investor system. The mechanism for accounting and distributing expenses and income among all consumers of the changes that occur during both green and brown investments is an important task, the solution of which will create additional provisions for the development of green finance.</p></trans-abstract><trans-abstract xml:lang="en&lt;p&gt;The purpose of the article is to analyze the development of green finance from the point of view of the distribution of costs and income both in the investor-entrepreneur system and among all consumers of changes that occurred during the implementation of the project. The share of carbon-intensive and mixed industries in the structure of the Russian economy is about 40%. Carbon dioxide emissions affect the population. At the same time, there are regional asymmetries. To do this, to consider the environmental impact of dirty industries and green financing in the income-profit system, which are changing this situation, significant transformations are needed in the signaling apparatus that affects investors. External externalities play an important role in pollution and the distribution of costs and benefits from financing technological re-equipment of the economy between investors and other participants in nature consumption. With green financing, the costs of change and the results expressed in improving environmental quality often spread beyond the entrepreneur-investor system. The mechanism for accounting and distributing expenses and income among all consumers of the changes that occur during both green and brown investments is an important task, the solution of which will create additional provisions for the development of green finance.&lt;/p&gt;"/><kwd-group xml:lang="ru"><title>Ключевые слова</title><kwd>зеленые финансы</kwd><kwd>экстернальность</kwd><kwd>углеродный след</kwd></kwd-group><kwd-group xml:lang="en"><title>Keywords</title><kwd>green finance</kwd><kwd>externality</kwd><kwd>carbon footprint</kwd></kwd-group><funding-group><award-group><funding-source xml:lang="en">This research received no external funding.</funding-source></award-group><award-group><funding-source xml:lang="ru">Настоящее исследование не получило внешнего финансирования.</funding-source></award-group></funding-group><counts><page-count count="16"/></counts><custom-meta-group><custom-meta><meta-name>issue-cover</meta-name><meta-value><inline-graphic xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="https://journal.ibispb.ru/public/journals/1/cover_issue_10_ru.jpg"/></meta-value></custom-meta></custom-meta-group><custom-meta-group/></article-meta></front><body/><back><ref-list><ref id="R1"><mixed-citation xml:lang="ru_RU">Pasupuleti A., Ayyagari L.R. 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