The theoretical bases of the definition of capital investment of sustainable development (In Ukrainian)

The need to define the term capital investment of sustainable development is due to the availability of various theoretical and methodological approaches to the definition of capital investment as such, challenges of a socio-economic and environmental nature, the causes and methods of overcoming, which are constantly changing and improving. In view of this, the theoretical foundations for determining capital investments in sustainable development have scientific and methodological value. The study object was capital investments of sustainable development. The study subject was the theoretical and methodological foundations, the current state of socio-economic and environmental problems, mechanisms and tools for their solution, which determine the change in theoretical approaches to determining the term of capital investment of sustainable development. The study purpose was to provide a definition of sustainable development capital investment, considering the latest trends in both approaches to defining capital investment and current characteristics and goals of sustainable development. To achieve the study purpose and solve the tasks set, such scientific methods as generalization, induction, analysis and synthesis were used. The main researchers of sustainable capital investment are Herman E. Daly, John Boswell Cobb, Jr., Thomas Prugh, Gro Harlem Brundtland, J. H. Hulse, A. A. Leiserowitz, R. W. Kates, T. M. Parris. The characteristic features of capital investments identified by us make it possible to formulate our interpretation of the concept of “capital investments of sustainable development” – as investments in the acquisition, creation or restoration of tangible and (or) intangible assets subject to depreciation for a period of more than 1 year, the result of which may be financial, economic, social or environmental effects according to the Sustainable Development Goals. This definition reveals not only the essential characteristic of capital investment – to provide expanded social reproduction with the necessary resources through the acquisition, creation or renewal of tangible and intangible assets of production, but also to contribute to the sustainable development of the country.