Using Finance to Shatter the Fossil Fuel Economy
Nick Silver — actuary, economist and onetime mainstream finance professional — understands the consequences of the financial system continuing in its current form. Which is why his new book, "Finance, Society and Sustainability: How to Make the Financial System Work for the Economy, People and Planet," argues that to avoid collateral damage to the economy, society and the environment, we need to re-engineer the system.
Silver is also the managing director of Callund Consulting, a specialist consultancy that advises developing country governments on social insurance. He has advised the U.N., U.K. and EU on carbon markets, climate finance in developing countries and managing risk from climate change.
Bard MBA faculty member Kathy Hipple spoke recently with Silver about his background in finance and how it led him to write his book. Their conversation explores both the book and Silver's work with Climate Bonds Initiative, which Silver co-founded to mobilize the $100 trillion bond market for climate change solutions.