This dissertation was written as part of the LL.M. in Transnational and European Commercial Law,
Banking Law, Arbitration/Mediation at the International Hellenic University.
In order to address the adverse effects of climate change the European Commission has set out a
range of legislative actions since 2018. Especially, this dissertation discusses the European Green
deal and the Action Plan established by the Commission, in order to set concrete environmentally
sustainable objectives and use the right instruments to achieve them. Moreover, the three
building blocks of the EU’s sustainability strategy are presented. First, the EU Taxonomy
Regulation, which aims at defining the criteria for the investments that can be considered
environmentally sustainable, i.e. “green” and, in turn, to be eligible for funding. Second, the
Sustainable Finance Disclosure Regulation (SFDR) is examined, which obliges financial market
participants and advisers to comply with certain disclosure requirements, in order investors to be
informed of the sustainability choices they have before they make any investment decision.
Finally, the proposed regulation on an EU Green Bond Standard, as green bonds constitute a great
part of the green finance market the existing inefficiencies of which shall uncontrovertibly be
addressed.
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