Smart Governance and Investment in Green Infrastructure: Analysis of Financial Mechanisms for Sustainable Urban Development
Zhumabekova M. Mukanov B.
Fall 2025RITHA Publishing House
Journal of Applied Economic Sciences
2025#20Issue 3561 - 572 pp.
This study addresses the challenge of sustainable urban development in the context of global climate imperatives and accelerating urbanisation. We analyse the economic and implementation nexus between smart governance, green infrastructure, and sustainable financing. The core objective is to conduct a technical and economic analysis of the governance mechanisms, financial instruments, that facilitate the successful implementation of green infrastructure projects in emerging economies. Utilising a mixed-methods approach, this research combines a quantitative analysis of investment trends and project outcomes with a qualitative assessment of institutional frameworks and case studies drawn from Kazakhstan’s urban development experience. Our findings indicate that effective smart governance is a critical enabler for attracting and sustaining investment in green infrastructure. Key success factors include the establishment of robust financial mechanisms, such as public-private partnerships, green bonds, and performance-based funding, along with strategic planning and regulatory coordination among various stakeholders. The primary contribution of this research is the development of a comprehensive implementation framework that integrates technical, economic, and institutional dimensions.
green infrastructure , investment strategies , smart governance , sustainable urban development
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Karaganda University of Kazpotrebsoyuz, Karaganda, Kazakhstan
Karaganda Buketov University, Karaganda, Kazakhstan
Karaganda University of Kazpotrebsoyuz
Karaganda Buketov University
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