The green bonds market in the light of European Commission’s proposal : implications for greenwashing liability

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dc.contributor.authorCERRATO GARCÍA, Elia
dc.contributor.authorAGOSTINI, Federica
dc.date.accessioned2024-01-22T16:08:32Z
dc.date.available2024-01-22T16:08:32Z
dc.date.embargo2025-10-20en
dc.date.issued2023
dc.descriptionPublished online: 20 October 2023en
dc.description.abstractThe chapter discusses the strengths and weaknesses of the European Green Bond Regulation (EUGBR) as a tool to mitigate “greenwashing” risks. It first examines the policy objectives and the core aspects of the initial Proposal for a Regulation and of the European Parliament’s and EU Council’s negotiating positions. The chapter later focusses on the “greenwashing effects” (i.e., the potential adverse impacts of the EUGBR based on environmental and science-based evidence) and on the legal consequences for false and misleading statements on environmental matters (“greenwashing liability”). It concludes that, despite the strong emphasis on “greenwashing” in the preparatory documents and text of the EUGBR, it fails to adequately address this risk. Drawing from the shortcomings, we propose some changes to the review process as well as to external supervision and enforcement mechanisms, which could more effectively assuage “greenwashing” concerns.en
dc.embargo.terms2025-10-20
dc.embargo.terms2025-10-20en
dc.identifier.citationDavid RAMOS MUÑOZ and Agnieszka SMOLEŃSKA (eds), Greening the bond market : a European perspective, Cham : Palgrave MacMillan, 2023, EBI Studies in Banking and Capital Markets Law book series (ESBCML), pp. 127-174en
dc.identifier.doi10.1007/978-3-031-38692-3_6
dc.identifier.isbn9783031386916
dc.identifier.isbn9783031386923
dc.identifier.issn2730-9088
dc.identifier.issn2730-9096
dc.identifier.urihttps://hdl.handle.net/1814/76353
dc.language.isoenen
dc.orcid.putcode1814/80685:151942038
dc.orcid.uploadtrue*
dc.publisherPalgrave Macmillanen
dc.titleThe green bonds market in the light of European Commission’s proposal : implications for greenwashing liabilityen
dc.typeContribution to booken
dspace.entity.typePublication
person.identifier.orcid0009-0001-0093-8125
person.identifier.other53280
relation.isAuthorOfPublicationb07a8de7-e426-45f3-b881-af6fe5433ada
relation.isAuthorOfPublication.latestForDiscoveryb07a8de7-e426-45f3-b881-af6fe5433ada
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