INVESTMENTS IN ENYIRONMENTAL PROJECTS AS AN ELEMENT OF A POLICY FOR SUSTAINABLE DEVELOPMENT IN THE REGION OF OPOLE IN 1993-2004 - FROM A STRUCTURAL POINT OF YIEW

This article is devoted to the generating of Capital for environmental projects in the region of Opole through investments. The period analysed is from 1993, when there was a significant change in the financing of environmental projects in Poland. This was due to a change in the structure of the major institutions subsidising environmental projects. The regional funds for environmental protection and water management were given legal  status as corporate identities. This enabled them to carry out an active financial policy, reducing the level of dotations in favour of preferential loans. In addition, local government funds for environmental protection were set up, which reduced the transaction costs for environmental projectsat the level of local goyernment.1 This has influenced the level of investments in environmental projects. &nbsp