Fossil Finance: Unpacking the banking system's climate tipping point with Max Falkenberg
<p>Banks play a crucial role in the climate story, but not in the way most people think. In this episode, we speak with Dr. Max Falkenberg, climate finance researcher and Marie Skłodowska-Curie Fellow, to talk about how big banks around the world are still pouring trillions into fossil fuels—and why that needs to change fast. </p>
<p>Tune in to learn: </p>
<ul>
<li>What makes fossil fuel financing so hard to stop</li>
<li>Why just a few powerful banks could make a massive difference</li>
<li>How new rules (and global teamwork) could shift the system</li>
<li>Whether voluntary climate pledges by banks are actually working</li>
<li>What happens to oil and gas companies if the money dries up</li>
<li>And what changes he’d like to see next in the finance world</li>
</ul>
<p>If you've ever wondered how your money, or your bank, might be connected to the climate crisis, this episode is for you. We recommend you to have a quick look at Dr. Max Falkenberg's paper entitled <a href="https://www.nature.com/articles/s41467-024-51662-6">“The challenge of phasing-out fossil fuel finance in the banking sector”</a> before listening to the podcast.</p>
