Final published version
Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - Financing Reparative Climate Infrastructures
T2 - Capital Switching, Repair, and Decommodification
AU - Webber, S.
AU - Nelson, S.
AU - Millington, N.
AU - Bryant, G.
AU - Bigger, P.
PY - 2022/5/31
Y1 - 2022/5/31
N2 - Despite geographical critiques of the financialisation of climate governance, the realities of deteriorating environmental conditions, entrenched market logics, and the concentration of capital in the hands of financiers demand new strategies to contend with climate finance. We envision routes to better futures by surveying “financialised” responses to climate catastrophe that might be harnessed towards more reparative and decommodified ends. We combine ideas of “repair” and “capital switching” to evaluate financial tools for “reparative climate infrastructures” in five cases centred on energy, land, and water in the United States, Australia, Indonesia, and Brazil. Through these cases, we identify three key themes—governance, scale, and the state—that illuminate the socioecological, material, and political dimensions of reparative capital switching. The cases are each hopeful and cautionary. Together they offer a window into the contested terrain of climate finance in the present and highlight the need for critical attention to its strategic possibilities.
AB - Despite geographical critiques of the financialisation of climate governance, the realities of deteriorating environmental conditions, entrenched market logics, and the concentration of capital in the hands of financiers demand new strategies to contend with climate finance. We envision routes to better futures by surveying “financialised” responses to climate catastrophe that might be harnessed towards more reparative and decommodified ends. We combine ideas of “repair” and “capital switching” to evaluate financial tools for “reparative climate infrastructures” in five cases centred on energy, land, and water in the United States, Australia, Indonesia, and Brazil. Through these cases, we identify three key themes—governance, scale, and the state—that illuminate the socioecological, material, and political dimensions of reparative capital switching. The cases are each hopeful and cautionary. Together they offer a window into the contested terrain of climate finance in the present and highlight the need for critical attention to its strategic possibilities.
KW - capital switching
KW - decommodification
KW - financialisation
KW - infrastructure
KW - repair
U2 - 10.1111/anti.12806
DO - 10.1111/anti.12806
M3 - Journal article
VL - 54
SP - 934
EP - 958
JO - Antipode
JF - Antipode
SN - 0066-4812
IS - 3
ER -