The European Green Bond Market – Development, Current State and Regulatory Regime
The European Green Bond Market – Development, Current State and Regulatory Regime

Author(s): Silvia Kirova
Subject(s): Politics / Political Sciences, Politics, Economy, Business Economy / Management, Environmental and Energy policy
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: green bonds; regulation; EU green bond standard
Summary/Abstract: The financial markets, and more specifically the debt markets are expected to play a significant role in the transition to a green economy. One of the instruments that offers several advantages and whose market has seen the most substantial growth in recent years are green bonds. Currently the green bond market regulation is based on private governance and market-based standards, as there is no public regulation. With the launch of the EU green bond standard, the EU is going to pave the way for a public governance in this field. Therefore, the paper aims at exploring the current state and the development of the European green bond market, as Europe is a leading player. Additionally, I try to compare the suggested EU standard to the existing private standards, namely the Green Bond Principles and the Climate Bond Standard.

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