By Tomaso Ferrando and Giedre Jokubauskaite
This post introduces a blog series where multiple authors explore the role of debt as one of the most popular financial tools behind the ‘green transition’. Green and sustainability bonds, green microfinance, insurance and loan-enabled ‘loss and damage’ finance, are but a few of many variations of the governance logic, which uses debt to ‘green’ the economic system, while at the same time fuelling the financial and economic structures that lead to ecological destruction and a breakdown of social cohesion in the first place. If debt is so key, it must first of all be understood in its legal or financial construction and, more importantly, in the material and ideological implications that its use produces and consolidates.
Continue reading “Debt and green transition: An Introduction”