Greening the Bond Market -

Greening the Bond Market

A European Perspective
Buch | Hardcover
XVI, 313 Seiten
2023 | 1st ed. 2023
Springer International Publishing (Verlag)
978-3-031-38691-6 (ISBN)
192,59 inkl. MwSt
Green bond issuance has surged in recent years in response to growing investor appetite and borrowers' needs as they embark on the sustainability transition. The EU leads the way, with over 40% of all sustainable bond issuances denominated in euro. The EU's 'Regulation on European Green Bonds and optional disclosures for bonds marketed as environmentally sustainable and sustainability-linked bonds' is the first comprehensive legislative text covering such issuance, and a cornerstone of EU's Sustainable Finance strategy. This book explores in an interdisciplinary way the challenges and opportunities of green bonds and sustainable finance from a legal, regulatory and economic perspectives. First, it analyses green bonds as a new financial instrument in the context of the existing capital markets law. Second, it studies green bond impact on the market and on investor protection. Third, it assesses green bonds' relevance for prudential supervision and central banking. The variety of viewpoints ensures a highly comprehensive analysis of green bonds' impact in a European and global context.


lt;p>David Ramos Muñoz is Associate Professor of Commercial Law at the Universidad Carlos III de Madrid, Spain, where he leads several research projects on finance and climate change, and is part of its Climate Strategic Initiative. He is a Fellow Member ad personam of the Academic Board of the European Banking Institute (EBI), where he leads its Working Group on Finance, Climate Change and Sustainability, and a member of the European Law Institute (ELI).

Agnieszka Smolenska is Assistant Professor at the Institute of Law Studies of the Polish Academy of Sciences and Principal Investigator of "The EU's sustainability capitalism: identifying the varieties of financial markets transition" research project. She is Associate Researcher with the European Banking Institute, contributing to EBI's Working Group on Finance, Climate Change and Sustainability.

1 Introduction.- 2 Towards a European Green Bond Standard: A European initiative to promote sustainable finance.- 3 Member States sovereign green bond issuance and the development of local green bond markets in the EU.- 4 Issuing a green bond - a practical perspective.- 5 Issuing green bonds without a Green Bonds Regulation: Canadian experiences.- 6 The Green Bonds Market in the light of European Commission's Proposal: Implications for greenwashing liability.- 7 Integrating sustainability in the MiFID II package-based regulation: effects on financial intermediaries' accountability and potential conflict between regulatory objectives.- 8 Discussion: green bonds and banking and capital markets from a practitioner's perspective.- 9 Method transparency for Green Bonds: Learnings from climate transition risk metrics.- 10 The Role of Prudential Requirements in Fostering Green Bond Markets: The Experience of Hungary.- 11 Discussion: Micro- and macro-prudential issueson green bonds from a practitioner's perspective.- 12 Green bonds and the ECB: A Tale of (Measured) Promise and (Required) Caution.- 13 Green bonds and monetary policy. 

Erscheinungsdatum
Reihe/Serie EBI Studies in Banking and Capital Markets Law
Zusatzinfo XVI, 313 p. 12 illus., 10 illus. in color.
Verlagsort Cham
Sprache englisch
Maße 148 x 210 mm
Gewicht 560 g
Themenwelt Naturwissenschaften Biologie Ökologie / Naturschutz
Wirtschaft Betriebswirtschaft / Management Finanzierung
Wirtschaft Volkswirtschaftslehre
Schlagworte Capital markets law • EU Green Bond Standard • financial market development • Financial stability • Green Bonds • Green securities • Investor Protection • NextGenerationEU • prudential regulation • Prudential Supervision • Sustainable Finance
ISBN-10 3-031-38691-4 / 3031386914
ISBN-13 978-3-031-38691-6 / 9783031386916
Zustand Neuware
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