Abstract. This study presents the results of an analysis of regulatory and doctrinal approaches to the implementation of green finance, examines secondary legislation of the European Union, and reviews international experience regarding the classification of financial activities as environmentally sustainable. Examples of national legislative regulation in the field of green finance and responsible investment in European Union member states such as Germany, France, the Netherlands, Italy, Poland, and Croatia are provided. The article highlights the features and trends in the development of legislative regulation of green (sustainable) finance in Ukraine and formulates proposals for its improvement.

Keywords: green economy, green finance, green bonds, green investments, taxonomy, ESG risks, European Green Deal, green transition, “greenwashing,” environmentally sustainable economic activity.

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03/2026