Public Finance and the Climate Crisis

How can public financial institutions such as the European Investment Bank help finance a sustainable future? EIB President Dr Werner Hoyer delivered this keynote address to Ethical Finance 2021, focusing on the need to address the triple crisis of climate change, the pandemic and the wider social landscape.

He argued that we need to tackle all three crises simultaneously, embracing new technologies. Public finance has a special role to play, as it is able to finance riskier projects, particularly around innovation.