ECONOMIC ASPECTS OF CARBON AGRICULTURE IN UKRAINE

Climate change is recognized by the international community as a general consequence of human activity. The main cause of warming is considered to be an increase in carbon dioxide (CO2) emissions, 18.4% of a total volume accounts for the world's agricultural production. It was determined that the producers of agricultural products need to direct agriculture towards compliance with the goals of the Paris Agreement on climate change, since the support of governments and international organizations in the coming decades will be focused precisely on the global problems of humanity. A high level of plowed agricultural land in Ukraine (68.8%) and large-scale cultivated areas of agricultural crops (2.3% of the world's cultivated areas, which corresponds to the 8th place in the world) were established, which indicates the imbalance of the land use structure. The need of urgent implementation of the policy of carbon farming in Ukraine has been determined. The role of organic production in the system of transition to carbon neutrality of the agrarian sector of the economy, which is intended to raise the standard of living of the population and the environmental awareness of citizens, is determined. Taking into account the experience of developed countries of the world proves the high efficiency of sustainable forestry in the transition to carbon neutrality. The need to develop and implement a program to absorb accumulated carbon for agriculture and forestry and separately for settlements has been proven. The level of economic feasibility of participation in commercial projects of carbon farming was determined, depending on the size of the territory of land use. The low level of interest of medium and small agricultural enterprises was established, which is explained by the high risks of loss and the lack of sources of financing during the transition to new agricultural technologies. The prospect of joining Ukraine to voluntary carbon markets, which contribute to the commercialization of carbon neutrality of agricultural producers, is considered, which will facilitate the path to achieving the goals of the Paris Climate Agreement. The possibility of obtaining financing from the IMF credit trust (Resilience and Sustainability Trust, RST) for the formation of low-carbon agriculture through the implementation of carbon farming projects has been identified.