Towards a Green Public Bank in the Public Interest

Marois, Thomas

Abstract

This paper discusses the rediscovery of public banks and their potential—to finance low-carbon, climate-resilient development, and as a public sector alternative that can overcome the shortcomings of the private sector and market approaches mentioned above. The paper suggests an ideal-type public bank that would be needed for a green transformation that is also in the public interest. The ideal type is crafted around five central features: mandated role; financial sustainability; operational strategy; democratization of governance; and integral integration of workplace and community. The defining characteristics of each feature can be found in existing public banks.

Citation

Marois, T. Towards a Green Public Bank in the Public Interest. Geneva

• Working Paper Type: Working Paper
• Deposit Date: Apr 16, 2018
• Publicly Available Date: Mar 16, 2025
• Pages: 1-24
• Related Public URLs: http://www.unrisd.org/80256B3C005BCCF9/search/6F7C5293F1419157C125823D00520D91?OpenDocument