IDEAS home Printed from https://ideas.repec.org/a/eee/finlet/v58y2023ipbs1544612323007699.html
   My bibliography  Save this article

A blockchain-based framework for effective monitoring of EU Green Bonds

Author

Listed:
  • Christodoulou, P.
  • Psillaki, M.
  • Sklias, G.
  • Chatzichristofis, S.A.

Abstract

The EU recognises green bonds as a critical financing tool for climate and environmental projects. However, there is a pressing need to ensure that these bonds genuinely support green growth instead of allowing greenwashing, where entities present themselves as environmentally friendly without the evidence to support their claims. Greenwashing undermines the credibility of the market and can have a significantly negative environmental impact. To address this issue, a proposed blockchain-based framework called EUGBS-Chain has been introduced to increase transparency and accountability in the EUGB market. The framework utilises blockchain technology to record transactions in a tamper-proof, decentralised ledger that is accessible and verifiable by all stakeholders. With EUGBS-Chain, the EU can ensure that green bonds are used for genuine green growth projects and not just as marketing tools for companies. The proposed framework is open-source and available on the GitHub repository.

Suggested Citation

  • Christodoulou, P. & Psillaki, M. & Sklias, G. & Chatzichristofis, S.A., 2023. "A blockchain-based framework for effective monitoring of EU Green Bonds," Finance Research Letters, Elsevier, vol. 58(PB).
    • Handle: RePEc:eee:finlet:v:58:y:2023:i:pb:s1544612323007699
    DOI: 10.1016/j.frl.2023.104397
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1544612323007699
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.frl.2023.104397?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:finlet:v:58:y:2023:i:pb:s1544612323007699. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/frl .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.