#11549. TURNING GOLD INTO GREEN: GREEN FINANCE IN THE MANDATE OF EUROPEAN FINANCIAL SUPERVISION
August 2026 | publication date |
Proposal available till | 31-05-2025 |
4 total number of authors per manuscript | 0 $ |
The title of the journal is available only for the authors who have already paid for |
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Journal’s subject area: |
Law;
Political Science and International Relations; |
Places in the authors’ list:
1 place - free (for sale)
2 place - free (for sale)
3 place - free (for sale)
4 place - free (for sale)
Abstract:
Following the Paris Agreement and pursuant to its objective of reordering financial flows to ensure climate change mitigation and adaptation, green finance has become a legislative priority for the European Union. This was illustrated by a unique, albeit limited, change in the mandate of the European Supervisory Authorities. This article takes this amendment as a starting point to discuss the responsibility of supervisory authorities in facing climate change. Despite clear limits stemming from Union law, a broad legal analysis sheds light on obligations for supervisory authorities across Europe to consider climate change as part of their mandate. This finding is supported by the growing recognition of climate change as a source of financial risks. Consequently, the mandate of European financial supervision is turning green, regardless of a legislative intervention.
Keywords:
Union law; legislative intervention; climate change mitigation; supervisory authorities
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