Logic of Legal System in Preventing and Resolving the Risk of"Greenwashing"of Green Finance under the Vision of"Dual Carbon"
Green finance represents a significant innovation and reform in the financial sector,shaping the future trajectory of financial development.However,the diverse phenomenon of"greenwashing"that has emerged with the development of green finance has resulted in various risks,posing a serious threat to the orderly operation and healthy growth of green finance.The root cause lies in the systemic flaws of the legal framework governing green finance,rendering it incapable of fulfilling its intended functions and thus allowing"greenwashing"practices to persist.This paper,considering the current trends in green finance and its dual nature encompassing both"green"and"financial"elements,proposes a strat-egy starting with strengthening the systemic aspects of the legal framework.It suggests integrating"green"into"financial"to enhance the robustness of financial legal systems,and integrating"financial"into"green"to advance the compilation of environmental codes.The external and internal systems of the legal framework governing green finance should be refined to address its inherent deficiencies,guide de-velopment of green finance toward standardization and regularization,and facilitate the prevention and resolution of"greenwashing"risks.
green financegreenwashingrisk mitigationlegal system
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