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A Financial Renaissance?

In: Finance, Society and Sustainability

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  • Nick Silver

    (University London)

Abstract

I have spent the last few years trying to move the financial system to get capital invested at scale into the low carbon economy so that we can avoid dangerous climate change. I thought this was a good use of my time because the financial system is the control centre for allocating capital in the economy, and if you want to try and transform the economy to avoid environmental catastrophe, the financial system will have to allocate capital in a different way. Whilst working on this problem, I came to the realisation that this was not what the financial system is for, the finance system does not do investment, its purpose is to feed the helminths.

Suggested Citation

  • Nick Silver, 2017. "A Financial Renaissance?," Palgrave Macmillan Books, in: Finance, Society and Sustainability, chapter 10, pages 247-278, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-137-56061-2_10
    DOI: 10.1057/978-1-137-56061-2_10
    as

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