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PUBLIC AND PRIVATE INTERESTS IN THE PROCESS OF CAPITALIZATION OF FOREST RESOURCES (ON THE EXAMPLE OF UKRAINE)

Published in AgroLife Scientific Journal, Volume 10, Number 1
Written by Oksana SAKAL, Nataliia TRETIAK, Andrii KOVALENKO, Halyna SHTOHRYN, Ihor SKOLSKYI

In the paper the social, environmental and resource (i.e. raw materials or financial) interests of use of forest resources in accordance with their multifunctional potential are identified based on the hypothesis that the definition of forest resources in the forest legislation of Ukraine as an object of legal relations, the modern mechanism of forest relations does not reflect adequate economic value, and the functioning market cannot balance supply and demand for forest products environmental protection, as well as the mechanism of extraction and distribution of forest rents. It is noted that the resource interest of use of forest resources (i.e. raw materials or financial) can be both public and private. The public and private interests of use of forest resources in the process of their capitalization on the example of Ukraine, which may be mutually exclusive, are analyzed. It is substantiated that management decisions on forest resources should reconcile public (state) and private interests, in particular, through project analysis. In order to successfully capitalization of forest resources, which is also true for other types of natural resources, taking into account the full range of environmental interests of their use, rather than exclusively resource (raw materials or financial), the use of “environmental” and “resource” instruments are proposed (the name of instruments indicates the object of regulatory influence - the function or value of a natural resource in the public imagination). Features of “environmental” and “resource” instruments for capitalization of forest resources are analyzed. The structures that form the instruments are researched. It is noted that an important factor in the powers and responsibilities of such structures is also the form of ownership, which determines, in particular, the economic aspect of their functions.

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