The Next Green Frontier: Legal Readiness for Climate Finance

The international debate has increasingly shifted attention to the crucial issue of environmental protection, focusing interest on the transition to a "green" economy. From the Sustainable Development Goals to COP27 in Dubai, the goal is to move towards an economic development model based on decarbonisation. In this context, finance has acquired an increasingly active role through the mobilization of capital directed towards sustainable projects. Green finance is increasingly active and can take on the role that everyone expects as an irreplaceable ally in achieving the climate objectives set out in Paris in 2015; however, several aspects still need to be improved, such as the uniformity of standards and certification criteria. But sadly, many green bonds are actually of little use from an environmental point of view. This is mainly due to a regulatory framework that is still too weak. Green bonds currently cover, in fact, a multitude of realities, with funding for projects that only have a green label. And among the issuers there are also some subjects well known for the pollution they contribute to produce.