If the question of concrete and urgent actions to be taken against climate change is the headline of the press and mobilizes the younger generations at the global level, the question of their funding is already much less, except to recall that these actions will require very important investments, but as Greta Thunberg said: "If we can save the banks, then we can save the world".
The financial sector, now under the pressure of the civil society enjoining it to divest from fossil fuels, assures us that the solution will go through the intensive promotion of sustainable products (green funds and green bonds) and the financial center of Luxembourg also takes this direction.
But for both Aline Fares and Lora Verheecke, even though all banks and investment funds were getting rid of their fossil investments, financial capitalism would continue according to the same logic of seeking short-term profits that demonstrated their propensity to destroy the world. living. It would also continue to feed a glaring social injustice and inequalities increasingly unsustainable.
They will develop their analyzes of the situation, proposals currently on the table, as well as their proposals. These are part of a radical reform of the financial system, bringing it under control of the community, calling into question the sacrosanct power of shareholders and private property - ideas recently promoted by Thomas Piketty.
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Automagically translated from French
Where does it take place?
Grande Salle Rheinsheim - Altrimenti
5 Avenue Marie-Thérèse
Luxembourg
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