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7 - A Democratised Public Bank for a Green and Just Transition

A Proposal

Published online by Cambridge University Press:  21 May 2021

Thomas Marois
Thomas Marois
Affiliation:
SOAS University of London & UCL Institute for Innovation and Public Purpose
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Summary

Chapter 7 develops the idea that there are sufficient existing pro-public public banking functions (and resources) to synthesise what a democratised green & just public bank can and should look like. It does so to illustrate how public banks can be made to function in pro-public green & just ways otherwise impossible under the short-term, high-return regime of corporatised and private financiers. The proposal revolves around pursuing a Triple Bottom Line, or mandate, aimed at (1) a green & just transition, (2) financial sustainability, and (3) democratic decision-making.

Keywords

pro-publicpublic bankfunctionsdemocracygreenjusttransitionproposal
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Chapter
Information
Public Banks
Decarbonisation, Definancialisation and Democratisation
 , pp. 222 - 247
Publisher: Cambridge University Press
Print publication year: 2021

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