Financing Resource Efficient and Cleaner Products by SMEs in the EU Eastern Partnership Countries: A Stakeholders’ Guidebook

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dc.contributor.authorOrganisation for Economic Cooperation and Development
dc.contributor.authorUnited Nations Economic Commission for Europe
dc.contributor.authorUnited Nations Industrial Development Organization
dc.contributor.authorEuropean Union
dc.contributor.authorUnited Nations Environment Programme
dc.contributor.authorEaP Green
dc.contributor.organizationEconomy Division
dc.coverage.spatialArmenia
dc.coverage.spatialAzerbaijan
dc.coverage.spatialBelarus
dc.coverage.spatialGeorgia
dc.coverage.spatialRepublic of Moldova
dc.coverage.spatialUkraine
dc.coverage.spatialEurope
dc.date.accessioned2021-11-22T11:12:24Z
dc.date.available2021-11-22T11:12:24Z
dc.date.issued2018
dc.descriptionAn increasing number of small and medium-sized enterprises (SMEs) in the EU Eastern Partnership (EaP) countries consider resource efficient and cleaner production (RECP) to be an important business issue. They are interested in better understanding how they use input materials, what their environmental impact is and what opportunities there are to improve material efficiency of production and reduce pollution. Meanwhile, many SMEs are not fully conversant with the potential of resource efficiency and how to calculate the possible economic benefits of RECP measures. A survey conducted by the United Nations Industrial Development Organization (UNIDO) in the EaP countries showed that SMEs consider insufficient access to finance to be the greatest obstacle to implementing RECP in their operations, followed by insufficient human resources to ensure adequate compliance with environmental regulations. SMEs may be reluctant to take loans from banks, even when such loans are available from local financial institutions. Such factors as high interest rates, short repayment periods, high collateral requirements, currency risks and political and economic instability discourage SMEs in EaP countries from assuming loans to invest in RECP measures. Indeed, internal funding is by far the largest financial channel through which SMEs obtain financial resources.en
dc.formatText
dc.identifier.urihttps://wedocs.unep.org/handle/20.500.11822/37495
dc.languageEnglish
dc.page.number69 p.
dc.rights.accessLevelPublic
dc.subjectresource conservation
dc.subjectsustainable production
dc.subjectsmall enterprise
dc.subjectsmall and medium enterprise
dc.subjectEastern Europe
dc.subjectfinancing
dc.subject.sdgSDG 12 - Responsible Consumption and Production
dc.subject.themeresources
dc.subject.themeresource efficiency
dc.titleFinancing Resource Efficient and Cleaner Products by SMEs in the EU Eastern Partnership Countries: A Stakeholders’ Guidebooken
dc.typeCommunication or other resource

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