Environmental financing in the European Union and Ukraine

The aims of this paper are to analyze and estimate the financing system of environmental protection in Ukraine and studying the experience of EU countries. Analyzing the costs used for environmental protection activities will give an idea about that which funds, in which way – directly or indirectly – in which sectors spent money for environmental protection. The efficiency of financing the environmental activities may be estimated by the impacts of financing the measures on reducing pollution. In coming years, the development of financing the improvement of ecologic situation in Ukraine is associated with the development of environmental funds. Currently in Ukraine, a number of state-operated environmental funds are in operation. These funds were formed at the expense of the environmental taxes, fees for special use of natural resources, penalties for violation of rules and regulations on the protection of the environment and the damage caused a violation of the legislation of environmental protection. Mentioned taxes and fees will lead exclusively fiscal direction and will ignore regulatory, a restrictive and stimulating functions that is not conducive to the effective use of natural or ecological benefits of social productio