ABSTRACT
Making sustainable growth a reality means breaking the cycle of crisis and sanctions to forge a new identity for the financial world. Finance needs to be seen, and to behave, as a cog, a belt, a mechanism. In short, it must become a tool in the service of actual goals. This is where the question of what we do with long-term savings becomes an issue of central importance. Yet it remains difficult to finance innovation, small and mediumsized businesses, or the infrastructure needed by the green economy. However, it is increasingly clear that savings need to be reallocated to the long term, and that private capital has to be channeled into the emergence of a carbon-free world that is socially stable and inclusive. Describing precisely what constitutes a sustainable Public–Private Partnership, a positive infrastructure project, a Responsible Investment fund or a “green” bond, for instance, all fall under the category.
