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    Rights statement: The final, definitive version of this article has been published in the Journal, Environment and Planning A: Economy and Space, 52 (1), 2019, © SAGE Publications Ltd, 2019 by SAGE Publications Ltd at the Environment and Planning A: Economy and Space page: https://journals.sagepub.com/home/epn on SAGE Journals Online: http://journals.sagepub.com

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Stretching scales?: Risk and sociality in climate finance

Research output: Contribution to journalJournal article

Published

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Stretching scales? Risk and sociality in climate finance. / Christophers, Brett ; Bigger, Patrick; Johnson, Leigh.

In: Environment and Planning A, Vol. 52, No. 1, 01.02.2020, p. 88-110.

Research output: Contribution to journalJournal article

Harvard

Christophers, B, Bigger, P & Johnson, L 2020, 'Stretching scales? Risk and sociality in climate finance', Environment and Planning A, vol. 52, no. 1, pp. 88-110. https://doi.org/10.1177/0308518X18819004

APA

Christophers, B., Bigger, P., & Johnson, L. (2020). Stretching scales? Risk and sociality in climate finance. Environment and Planning A, 52(1), 88-110. https://doi.org/10.1177/0308518X18819004

Vancouver

Christophers B, Bigger P, Johnson L. Stretching scales? Risk and sociality in climate finance. Environment and Planning A. 2020 Feb 1;52(1):88-110. https://doi.org/10.1177/0308518X18819004

Author

Christophers, Brett ; Bigger, Patrick ; Johnson, Leigh. / Stretching scales? Risk and sociality in climate finance. In: Environment and Planning A. 2020 ; Vol. 52, No. 1. pp. 88-110.

Bibtex

@article{c554bbd063cf4fd4aa42835fd1b19afa,
title = "Stretching scales?: Risk and sociality in climate finance",
abstract = "The heterodox literature on financial risk has in recent years focused predominantly on how risk is distributed, and on the market instabilities and social inequalities that different risk distributions seed. Typically much less discussed is the constitution of financial risk, which is this article{\textquoteright}s concern. Drawing empirical examples from two climate financial instruments, its particular interest is in the changing scale – social, spatial and temporal – of the “risk pools” associated with different financial products: the populations across which the products in question serve to aggregate underlying risk. The article explores how, against a historical backdrop of four decades of scale compression in the shape of risk individualization under neoliberalism, certain novel climate financial products seemingly indicate a contrary stretching of the risk pool. The article critically examines sovereign catastrophe insurance pools and green (climate) bonds, highlighting both the significance of the stretching that they effect but also the tensions and limits apparent in this emergent dynamic.",
keywords = "climate change, scale, risk, climate finance, sociality",
author = "Brett Christophers and Patrick Bigger and Leigh Johnson",
note = "The final, definitive version of this article has been published in the Journal, Environment and Planning A: Economy and Space, 52 (1), 2019, {\textcopyright} SAGE Publications Ltd, 2019 by SAGE Publications Ltd at the Environment and Planning A: Economy and Space page: https://journals.sagepub.com/home/epn on SAGE Journals Online: http://journals.sagepub.com",
year = "2020",
month = feb
day = "1",
doi = "10.1177/0308518X18819004",
language = "English",
volume = "52",
pages = "88--110",
journal = "Environment and Planning A",
issn = "0308-518X",
publisher = "SAGE PUBLICATIONS INC",
number = "1",

}

RIS

TY - JOUR

T1 - Stretching scales?

T2 - Risk and sociality in climate finance

AU - Christophers, Brett

AU - Bigger, Patrick

AU - Johnson, Leigh

N1 - The final, definitive version of this article has been published in the Journal, Environment and Planning A: Economy and Space, 52 (1), 2019, © SAGE Publications Ltd, 2019 by SAGE Publications Ltd at the Environment and Planning A: Economy and Space page: https://journals.sagepub.com/home/epn on SAGE Journals Online: http://journals.sagepub.com

PY - 2020/2/1

Y1 - 2020/2/1

N2 - The heterodox literature on financial risk has in recent years focused predominantly on how risk is distributed, and on the market instabilities and social inequalities that different risk distributions seed. Typically much less discussed is the constitution of financial risk, which is this article’s concern. Drawing empirical examples from two climate financial instruments, its particular interest is in the changing scale – social, spatial and temporal – of the “risk pools” associated with different financial products: the populations across which the products in question serve to aggregate underlying risk. The article explores how, against a historical backdrop of four decades of scale compression in the shape of risk individualization under neoliberalism, certain novel climate financial products seemingly indicate a contrary stretching of the risk pool. The article critically examines sovereign catastrophe insurance pools and green (climate) bonds, highlighting both the significance of the stretching that they effect but also the tensions and limits apparent in this emergent dynamic.

AB - The heterodox literature on financial risk has in recent years focused predominantly on how risk is distributed, and on the market instabilities and social inequalities that different risk distributions seed. Typically much less discussed is the constitution of financial risk, which is this article’s concern. Drawing empirical examples from two climate financial instruments, its particular interest is in the changing scale – social, spatial and temporal – of the “risk pools” associated with different financial products: the populations across which the products in question serve to aggregate underlying risk. The article explores how, against a historical backdrop of four decades of scale compression in the shape of risk individualization under neoliberalism, certain novel climate financial products seemingly indicate a contrary stretching of the risk pool. The article critically examines sovereign catastrophe insurance pools and green (climate) bonds, highlighting both the significance of the stretching that they effect but also the tensions and limits apparent in this emergent dynamic.

KW - climate change

KW - scale

KW - risk

KW - climate finance

KW - sociality

U2 - 10.1177/0308518X18819004

DO - 10.1177/0308518X18819004

M3 - Journal article

VL - 52

SP - 88

EP - 110

JO - Environment and Planning A

JF - Environment and Planning A

SN - 0308-518X

IS - 1

ER -