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  • Harmonizing Green Bond Certification Standards in Small Financial Markets: A Legal Framework Analysis of Macau's Integration with the Greater Bay Area Green Finance Ecosystem

    Zhen Cao (Author)
    1-30
    2025-07-22
    Abstract: This study examines the challenges small financial markets face in developing green bond certification frameworks, with a focus on Macau’s integration into the Greater Bay Area (GBA) green finance ecosystem. Despite global growth in green bonds, small jurisdictions like Macau struggle with technical capacity gaps, legal fragmentation, and market barriers. By analyzing regulatory frameworks across the GBA, this paper identifies key obstacles—including reliance on external verification and misaligned regional standards—and proposes a harmonized legal model based on proportionality, mutual... [Read More]
    DOI: https://doi.org/10.63802/jlpcs.v1.i1.30
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