A US green investment bank for all: Democratized finance for a just transition

Main author: Marois, Thomas
Other authors: Güngen, Ali Rıza
Format: Monographs and Working Papers           
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id eprints-31655
recordtype eprints
institution SOAS, University of London
collection SOAS Research Online
language English
language_search English
description What is urgently required is strategy and action on a green and just transition for all. Democratized finance will be key. Low-carbon infrastructure needs constructing, local jobs protecting, fossil fuels need to remain in the ground, the planet needs cooling, and social equity needs action. Yet there is no hope of this type of green and just transition without financial institutions that can be democratically commanded to function in the public interest. It is for this reason that we propose the creation of a democratized US Green Investment Bank (GIB). A democratized GIB has the potential to catalyze a transition to a socially just and environmentally sustainable future that is otherwise impossible under the short-term, high-return regime of private financiers (regardless of the extent of their financial resources).
format Monographs and Working Papers
author Marois, Thomas
author_facet Marois, Thomas
Güngen, Ali Rıza
authorStr Marois, Thomas
author_letter Marois, Thomas
author2 Güngen, Ali Rıza
author2Str Güngen, Ali Rıza
title A US green investment bank for all: Democratized finance for a just transition
publisher Democracy Collaborative
publishDate 2019
url https://eprints.soas.ac.uk/31655/