Green Bond tra legislazione europea e principi di diritto interno: le sfide negoziali e normative per il perseguimento degli obiettivi di sostenibilità dichiarati nelle condizioni di emissione di un prestito obbligazionario

The present research work aims to evaluate the effectiveness of green bonds as instruments for the pursuit of the sustainability objectives declared in the terms&conditions of issue. From the study on the legal nature of green bonds and from their systematic framing in the current Italian legal system, we proceed subsequently to an empirical analysis of some case studies aimed at photographing the current state of green conventional clauses. In the second part of the thesis, we reason on the international legal framework of green bonds: in the light of the main voluntary and soft law standards developed at international level as well as the main legislative policy options available to the European legislator, we examine the legislative choices actually made by the recently approved European Regulation on green bonds.