THE EU GREEN BOND MARKET

Abstract

Climate change is the current awareness in our daily life and is considered as a catastrophe that we will face in a near future if no urgent action is taken in place. This reality is expanding the need for more responsible investment and innovation to improve sustainable performance and projects aligned with the Paris Agreement and the UN Agenda 2030, directing Countries able to reach a net zero transition withing the next 30 years. Therefore, green finance has been considered very important nowadays to stimulate low carbon transition. This is where green bond contributes. The European Union participation in the green bond market has been considerable increasing. Furthermore, the EU is also refereed as the global voice spreading the importance that all Countries shall work together so that we can save our Planet. And the numbers are quite impressive for the current year, despite the still economic shock caused by the energy crises due to Russia x Ukraine war. In summary, the European Union is trying its best to be aligned with the Paris Agreement and the United Nations Agenda for 2030. With the European Union's new green deal, it is expected Europe to implement more measures to better improve policies toward environmentally friendly goals. It is expected that the EU will maintain leadership among ESG issuers in the long term. Green bonds are and will be seen for a long time as key instruments to guarantee Europe's energy independence in the upcoming years and to mitigate the climate change problem.