The Role of Green Finance in Supporting Maritime Sustainable Development

This chapter introduces an observation of the achievement of a green economy that requires a stable and growing financial system. In this regard, the announcement of the European Green Deal, at the end of 2019, testified to the commitment to strengthening one of the crucial factors for achieving an increasingly sustainable economy, i.e., the financial instrument represented by Green Bonds. For this reason, this study focuses on Green Bonds which, within the European Union, from the very early stages of drafting the post-Covid-19 Recovery Plan, have been attributed a crucial role in achieving the objectives of the ecological transition. To strengthen the green bond market, it is necessary to mobilize the resources of investors on environmental issues. The underlying logic that contributed to the birth of these new financial instruments, and differentiates them from traditional bonds, is the need to finance investment projects capable of minimizing the negative effects produced by business operations.