Journal of Global Economics, Public Policy and Development

Vol. 1 (2026)
Articles

Green Climate Fund and Eurasian Economic Union: Towards Convergent Interaction of Member States in Climate Finance Area

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  • Mark Shugurov
Mark Shugurov
Department of International law of Saratov State Law Academy, Chernyshevsky st., 104, Saratov, Russia, 410056

Published 2026-11-06

Keywords

  • Green climate fund,
  • Climate agenda,
  • Green finance,
  • EAEU,
  • Climate projects

How to Cite

Green Climate Fund and Eurasian Economic Union: Towards Convergent Interaction of Member States in Climate Finance Area . (2026). Journal of Global Economics, Public Policy and Development, 1, 114-144. https://doi.org/10.65638/2979-5842.2026.1.07

Abstract

The purpose of this study was to form and substantiate a theoretical model of coordinated interaction between the EAEU member states and the Green Climate Fund as one of the directions of the Union’s climate agenda. Achieving this purpose was based on the following key methods: 1) the comparative method made it possible to compare the achieved level of cooperation between the member states of the EAEU and the Fund and also the degree of their progress towards direct interaction with latter; 2) the analytical method was used during the consideration of statistical material concerning the negative impact of climate change on the EAEU member states; 3) a systematic approach became the basis for identifying the integration of cooperation with the Fund into the mainstream of the climate agenda of the Union and its member states; 4) the modeling method made it possible to formulate a theoretical structure of possible interaction between the EAEU as an integration association of states and the Fund. The study demonstrated that several EAEU member states (Kyrgyzstan, Kazakhstan and Armenia) are actively is carrying out programs and projects supported by the Fund, which not only relate to various sectors, but also support the formation of a mature climate policy in these states. In general, this group of countries is in a stage of transition to a mature institutional phase of interaction with the Fund. The second group of states (Russia and Belarus) do not participate in the Fund’s projects, but maintain specific relations with it. The author substantiates that, despite such divergence, the Union’s climate agenda involves interaction with the Fund at the integration level as some international track for the Union’s positioning. The essence of this track is inclusion in interaction with the global climate finance system.

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