reclaimfinance.org/site/en/2025...

13/ “Beijing is offering cheap, clean power, employment, trade and a route to prosperity. Washington is offering tariffs, policy chaos, White nationalist memes and South Korean workers in shackles after a raid on an EV battery factory.” ht
@davidfickling.bsky.social
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The paper is part of a special issue on sustainable finance entitled "Puzzling, powering, profiting: The politics of sustainable finance in Europe". We are grateful for the kind guidance and support from the guest editors @danmertens.bsky.social and @nataschavanderzwan.bsky.social!

📌 Examining these articulation strategies helps reveal the political dimension of the relationship between financial capital and sustainability, highlighting efforts to engage various stakeholders, privileging some and sidelining others.

📌 By proposing the political strategy of ‘playing the capital market’, the paper emphasizes the strategic malleability of market-related ideas by EU institutions, but also the necessity to relegitimise them in the name of a common good.

📌 In addition, they attempted to reconcile the tension between the goal of redirecting financial flows to meet environmental targets and the need to enhance the competitiveness of the European financial and industrial system.

📌 By introducing sustainable finance into the EU agenda 'as part of' the CMU project in 2016, their strategy sought to ease the tension between the short-termism and volatility of market-based finance, in order to mobilize for investment purposes, and the long-term nature of green investments.

📌 The paper explores how the European Commission and the ECB have simultaneously sought to relegitimise the Capital Markets Union (CMU) and mobilise market-based finance for green investments.

Thanks a lot for the valuable feedback, @sebastianmack.bsky.social ! :)