Economy of Ukraine
Published since September 1958

№ 10/2022

Ekon Ukr. 2022 (10): 76–92


УДК 338:504

JEL: Q57, H23, R58

KHVESYK Mykhailo1, ILINA Maria2

1Institute of Environmental Economics and Sustainable Development of the NAS of Ukraine, Research ID :
OrcID ID :
2Institute of Environmental Economics and Sustainable Development of the NAS of Ukraine, Research ID : 1259674
OrcID ID :


Growing environmental threats and the depletion of natural resources urge to review the scientific concepts of society's interaction with nature. At the same time, the ecosystem approach is slowly being implemented in environmental economics, although theoretical and methodological principles of the approach have not yet been properly put into practice in Ukraine. In this regard, peculiarities of transformation of the present natural resource management mechanism with implementation of ecosystem approach applying its key economic tool – the ecosystem payments – are substantiated.
The ecosystem approach to natural resource management is the management strategy considering complicated biological relations within ecosystems, the natural resources of which are used if planning and implementing any nature management measures. The approach also represents the comprehension that these relations are worthy, since they are able to affect the state, capacity and output of key ecological functions of ecosystems. The hierarchical structure of the ecosystem approach implementation procedure in the natural resource management has been reflected in the guiding principles of the Convention on Biological Diversity. From both theoretical and practical points of view the principles should be divided into organizational-economic and ecological-economic.
Ecosystem payments are payments for usage, non-usage of ecosystem resources or services, compensation for their pollution or degradation; all payments paid in the framework of the ecosystem approach aiming to protect and preserve ecosystems, provide rational use of their resources and support the functions. They include obligatory payments for the usage of ecosystem resources, their pollution, depletion or degradation; compensatory payments which the state pays to citizens for the usage of their ecosystems or to farmers for non-usage of ecosystems or usage if introducing new technologies; payments for ecosystem services; equivalent payments. The criteria to determine the type of payments are their optionality; the type of budget they are paid from; predominance of ecosystem’s worth over market prices; goal of the payments; the possibility to regulate payments with civil contracts, delay payments and change the amount; dependency of payments on the results of economic activity; mutual benefits.

Keywords:ecosystem; ecosystem approach; ecosystem service; ecosystem payment; economic mechanism for nature resource management.

Article original in Ukrainian (pp. 76 - 92) DownloadDownloads :42
The article was received by the Editorial staff on August 25 , 2022


1. Natural resource potential of Ukraine: ensuring the well-being and ecological safety of the population. M.A. Khvesyk (Ed.). Kyiv, 2021 [in Ukrainian].

2. Lutsiv O.V. Investment support for the reproduction of ecosystems. Natural resource economics and environmental protection, 2013, pp. 188-193 [in Ukrainian].

3. Zahvoyska L. Conceptualization of ecosystem services in modern ecological-economic discourse. Proceedings of the Forestry Academy of Sciences of Ukraine, 2013, Vol. 11, pp. 178-185 [in Ukrainian].

4. Suietnov Ye.P. International legal obligations of Ukraine for the conservation and restoration of natural ecosystems and the implementation of the ecosystem approach. Problems of Legality, 2021, Vol. 153, pp. 56-80 [in Ukrainian].

5. Cherkashyna M.K. Legal regulation of water relations in Ukraine based on the ecosystem approach. Integración de las ciencias fundamentales y aplicadas en el paradigma de la sociedad post-industrial, 2020, Vol. 5, pp. 76-81 [in Ukrainian].

6. Soloviy I., Kuleshnyk T. Comprehensive evaluation of ecosystem services in forest-agricultural landscape. Proceedings of the Forestry Academy of Sciences of Ukraine, 2011, Vol. 9, pp. 174-178, available at: [in Ukrainian].

7. Mishenin Ye.V., Degtyar N.V. Economics of ecosystem services: theoretical and methodological foundations. Marketing and Management of Innovations, 2015, Vol. 2, pp. 243-257 [in Ukrainian].

8. Nechyporenko O.M. The role of ecosystem approach in irrigated agriculture management. Odessa National University Herald. Economy, 2017, Vol. 22, No. 8 (61), pp. 33-39 [in Ukrainian].

9. Fayfura V., Nadvynychnyi S. Ecosystem payments in the context of formation and optimization of environment. Regional aspects of development of production forces of Ukraine, 2016, No. 21, pp. 28-33 [in Ukrainian].

10. Khvesyk M.A., Horbach L.M., Kulakovskyi Yu.P. Economic and legal regulation of nature resource management. Kyiv, 2004 [in Ukrainian].

11. Ray G. Habitat Equivalency Analysis: A Potential Tool for Estimating Environmental Benefits. ERDC TN-EMRRP-EI-02, January 2008, available at:

12. Ilina M., Shpyliova Yu. Ecosystem services as the tool of environmentally friendly design of rural areas. Business Navigator, 2020, No. 2 (58), pp. 54-58 [in Ukrainian].

13. Mishenin Ye.V., Oliynyk N.V. Development of the ecosystem services market as a direction of the post-crisis growth for Ukrainian economy. Mechanism of Economic Regulation, 2010, Vol. 3, No. 3, pp. 104-116 [in Ukrainian].

14. Gavrylenko O. Managing ecosystem services: strategy of implementation in Ukraine. Bulletin of Taras Shevchenko National University of Kyiv, Geography, 2018, No. 1 (70), pp. 29-35 [in Ukrainian].

15. Costanza R., Groot R., Sutton P. Changes in the global value of ecosystem services. Global Environmental Change, 2014, No. 26, pp. 152-158.

16. The Economics of Ecosystems and Biodiversity: Ecological and Economic Foundations. Ph. Kumar (Ed.). London, Washington, Earthscan, 2011, available at:

17. Havrylenko O., Tsyhanok E. Degradation of ecosystem services of protected areas in urbanized zones. Bulletin of Taras Shevchenko National University of Kyiv, Geography, 2018, No. 4 (73), pp. 10-14 [in Ukrainian].

18. Ilina M., Shpylova Yu. Algorithm of implementation of ecosystem services evaluation methods. Economy and Society, 2022, No. 35 [in Ukrainian].

19. Duchynska N.I., Osaul A.O. Financial interventions in ecosystem service markets. Bulletin of Taras Shevchenko National University of Kyiv. Economics, 2009, No. 111, pp. 15-17 [in Ukrainian].

20. Glazyrina I.P. Payments for Ecosystem Services and the Heredia Declaration. Environmental Economics, 2012, No. 5, pp. 59-69 [in Russian].

21. Komorna O.M. Perspective directions for the ecosystem services development in the context of sustainable nature using. Scientific Bulletin of Kherson State University. Series «Economic Sciences», 2016, Vol. 18, No. 1, pp. 138-141 [in Ukrainian].