The link between banking and sustainability: what are the issues?

CUSP/CES Seminar with Prof Richard Werner
Guildford, 09 February 2017

That banking has in many countries been operated in a way that is not sustainable has become obvious since the 2008 crisis. However, what is the link between banking and the structure of the banking sector and environmental sustainability of economic activity, if any? There is a debate among ecological economists concerning whether debt, interest and bank based monetary systems are sustainable or encourage environmental destruction. What are the issues in this ongoing debate? What can we say empirically about this?

Podcast

The audio recording of the event can be accessed via Mixcloud below:

ABOUT

Professor Richard Werner is Chair in International Banking, Director, Centre for Banking, Finance and Sustainable Development; within Southampton Business School at the University of Southampton. He obtained his first degree in economics from the London School of Economics with first class honours. His doctoral thesis at the University of Oxford was on monetary economics and economic policy. Richard has been at the University of Southampton since 2004, first as Reader and since 2005 as Professor and Chair in International Banking.