SciencesPo Energy Podcast

Fossil Finance: Unpacking the banking system's climate tipping point with Max Falkenberg


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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. 

Tune in to learn: 

  • What makes fossil fuel financing so hard to stop
  • Why just a few powerful banks could make a massive difference
  • How new rules (and global teamwork) could shift the system
  • Whether voluntary climate pledges by banks are actually working
  • What happens to oil and gas companies if the money dries up
  • And what changes he’d like to see next in the finance world
  • 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 “The challenge of phasing-out fossil fuel finance in the banking sector” before listening to the podcast.

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    SciencesPo Energy PodcastBy SciencesPo Energy Podcast