• 1.bestellen
  • 2.Warenkorb ändern
  • 3.zur Kassa gehen
Sprache: EnglischSeiten: 129 - 154https://doi.org/10.20446/JEP-2414-3197-36-4-129
Soederberg, Susanne; Tawakkol, Lama

The Humanitarian-Development Nexus and the Jordan Compact: Tensions and Trajectories in Global Capitalism

 

 

Andere Artikel in dieser Ausgabe
Jäger, Johannes; Schmidt, Lukas

Global Green Finance and Sustainability: Insights for Progressive Strategies

Sprache: EnglischSeiten: 4 - 30https://doi.org/10.20446/JEP-2414-3197-36-4-4
  • Abstract
  • Literatur
  • Keywords

Green finance has been increasingly presented as being an effective solution to global environmental problems and climate change. However, today’s global financial structures tend to reproduce global inequali-ties and contribute to continued, highly unequal over-use and destruction of the environment, as well as a global ecological crisis. This paper introduces the topic with a specific emphasis on green finance, and provides an over-view of the contributions to this special issue on Global Finance and Socio-Ecological Transformation. We discuss the implications of global green finance and propose a typology that differentiates between neoliberal, reformist and progressive transformative types of green finance. Based on this, we present insights for progressive strategies and policies for financing a socio-ecological transformation towards global sustainable welfare.

AK Wien Abteilung EU & Internationales (2020): Warum wir jetzt Menschen und Klima und nicht Banken und Konzerne retten müssen. https://emedien.arbe-iterkammer.at/viewer/ppnresolver?id=AC15644760_2020_3, 20.11.2020.

Anderson, David A. (2019): Environmental Economics and Natural Resource Management. London: Routledge. https://doi.org/10.4324/9781351121477

 

Bergmann, Luke (2013): Bound by chains of carbon: Ecological–economic geogra-phies of globalization. In: Annals of the Association of American Geographers 103 (6), 1348-1370. https://doi.org/10.1080/00045608.2013.779547

 

Berrou, Romain/Ciampoli, Nicola/Marini, Vladimiro (2019b): Defining Green Finance. In: Migliorelli, Marco/Dessertine, Philippe (ed.): The Rise of Green Finance in Europe. Opportunities and challenges for Issuers, Investors and Marketplaces. London: Palgrave Macmillan, 31-52. https://doi.org/10.1007/978-3-030-22510-0_2

 

Berrou, Romain/Dessertine, Philippe/Migliorelli, Marco (2019a): An Overview of Green Finance. In: Migliorelli, Marco/Dessertine, Philippe (ed.): The Rise of Green Finance in Europe. Opportunities and challenges for Issuers, Investors and Marketplaces. London: Palgrave Macmillan, 3-30. https://doi.org/10.1007/978-3-030-22510-0_1

 

Bracking, Sarah (2020). Financialization and the Environmental Frontier. In: Philip Mader/Daniel Mertens/Natascha van der Zwan (eds.): The Routledge Interna-tional Handbook of Financialization. London: Routledge. 213-223. https://doi.org/10.4324/9781315142876-18

 

Brand, Ulrich/Wissen, Markus (2014): The Financialization of Nature as Crisis Strategy. In: Journal für Entwicklungspolitik 30 (2), 16-45. https://doi.org/10.20446/JEP-2414-3197-30-2-16

 

Brunnengräber, Achim (2009): Prima Klima mit dem Markt? Der Handel mit dem Recht, die Luft zu verschmutzen. In: Prokla 39 (156), 407-424. https://doi.org/10.32387/prokla.v39i156.422

Castro, Carlos J. (2004): Sustainable Development: Mainstream and Critical Perspectives. In: Organization Environment 17 (2), 195-225. https://doi.org/10.1177/1086026604264910

 

Donald, Kate (2019): Unsustainable? The IMF’s approach to the Sustainable Devel-opment Goals. Bretton Woods Project. www.brettonwoodsproject.org/2019/04/unsustainable-the-imfs-approach-to-the-sustainable-development-goals/, 20.11.2020

 

Eisenmenger, Nina/Pichler, Melanie/Krenmayr, Nora/Noll, Dominik/Plank, Barbara/Schalmann, Ekaterina/Wandl, Marie-Theres/Gingrich, Simone (2020): The Sustainable Development Goals prioritize economic growth over sustainable resource use: a critical reflection on the SDGs from a socio-ecolog-ical perspective. In: Sustainability Science 2020 (15), 1101-1110. https://doi.org/10.1007/s11625-020-00813-x

 

EuroMemo Group (2020): A Green New Deal for Europe – Opportunities and Challenges.

 

European Commission (2019): European Green Deal. Brussels: European Commission.

 

European High Level Expert Group in Sustainable Finance (2018): Financing a sustainable European economy. Brussels: European Commission.Fink, Larry (2020): A fundamental investment relationship of finance. www.black-rock.com/corporate/investor-relations/larry-fink-ceo-letter, 20.11.2020

 

Fischer-Kowalski, Marina/Pallua, Irene (2016): Ressourcenextraktion und Ressourcenverbrauch – globale Trends, regionale Muster. In: Fischer, Karin/Jäger, Johannes/Schmidt, Lukas (eds.): Rohstoffe und Entwicklung. Aktuelle Auseinandersetzungen im historischen Kontext. Wien: New Academic Press, 65-84.

 

Fletcher, Robert/Rammelt, Crelis (2017): Decoupling: A Key Fantasy of the Post-2015 Sustainable Development Agenda. In: Globalizations 14 (3), 450-467. https://doi.org/10.1080/14747731.2016.1263077

 

Gallagher, Kevin P/Kozul-Wright, Richard (2019): A New Multilateralism for Shared Prosperity: Geneva Principles for a Global Green New Deal. Boston and Geneva: Boston University Global Development Policy Center and UNCTAD.

 

Hallegatte, Stephane/Bangalore, Mook/Bonzanigo, Laura/Fay, Marianne/Kane, Tamaro/Narloch, Ulf/Rozenberg, Julie/Treguer, David/Vogt-Schilb/Adrien (2016): Shock Waves: Managing the impacts of climate change on Poverty. Washington: World Bank Group. https://doi.org/10.1596/978-1-4648-0673-5

 

Harris, Jonathan M./Roach, Brian (2013): Environmental and Natural Resource Economics. London: M.E. Sharpe. https://uk.reuters.com/article/global-bonds-idUKL8N1YO502

 

Hubacek, Klaus/Baiocchi, Giovanni/Feng, Kuishuang/Muñoz Castillo, Raúl/Sun, Laixiang/Xue, Jinjun (2017): Global carbon inequality. In: Energy, Ecology and Environment 2 (6), 361-369.

 

Ivanova, Diana/Wood, Richard (2020): The unequal distribution of household carbon footprints in Europe and its link to sustainability In: 3 (e18), 1-12. https://doi.org/10.1017/sus.2020.12

 

Johnson, Jay/Pecquet, Gary/Taylor, Leon (2007): Potential Gains from Trade in Dirty Industries: Devisting Lawrence Summers’ Memo. In: Cato Journal 27 (3), 397-410.

 

Kleinhückelkoten, Silke/Neitzke, H.-Peter (2016): Repräsentative Erhebung von Pro-Kopf-Verbräuchen natürlicher Ressourcen in Deutschland (nach Bevölkerungsgruppen). Berlin: Umwelt Bundesamt.Koch, Max/Buch-Hansen, Hubert (2020). The IPE of degrowth and sustain-able welfare. In: Ernesto Vivares (ed.): The Routledge Handbook to Global Political Economy. London: Routledge, 375-390. https://doi.org/10.4324/9781351064545-26

 

Lagoarde-Segot, Thomas (2020): Financing the Sustainable Development Goals In: Sustainability 12 (7), 2275. https://doi.org/10.3390/su12072775

 

Lagoarde-Segot, Thomas/Paranque, Bernard (2018): Finance and sustainability: From ideology to utopia. In: International Review of Financial Analysis 55, 80-92. https://doi.org/10.1016/j.irfa.2017.10.006

 

Lapavitsas, Costas (2013): Profiting Without Producing: How Finance Exploits Us All. London: Verso.Laser, Stefan/Schlitz, Nicolas (2019): Facing Frictions. Waste and Globalised Inequalities. In: Journal für Entwicklungspolitik 35(2/3), 5-32. https://doi.org/10.20446/JEP-2414-3197-35-2-5

 

Liodakis, George (2016): Mainstream and alternative theorising of the conditions and policies of sustainable development. In: International Journal of Sustain-able Development 19 (2), 147-161. https://doi.org/10.1504/IJSD.2016.077206

 

Löffler, Karsten (2020): Statement. Sustainable Finance Beirat der Bundesregierung. https://sustainable-finance-beirat.de/en/home/, 20.11.2020Marsh, Alastair (2020): ‘Social Washing’ Is Becoming Growing Headache for ESG Investors. Bloomberg www.bloomberg.com/news/articles/2020-04-09/-social-washing-is-becoming-growing-headache-for-esg-investors, 20.11.2020

 

Novy, Andreas/Bärnthaler Richard/Heimerl Veronika (2020): Zukunftsfähiges Wirtschaften. Basel: Belitz Juventa.

 

Oxfam (2015): Extreme Carbon Inequality. Why the Paris climate deal must put the poorest, lowest emitting and most vulnerable people first. https://oi-files-d8-prod.s3.eu-west-2.amazonaws.com/s3fs-public/file_attachments/mb-extreme-carbon-inequality-021215-en.pdf, 5.7.2020.

 

Pan, Chen/Peters, Glenn P./ Andrew, Robbie M./ Korsbakken, Jan Ivar/ Li, Shan-tong/Zhou, Dequen/Zhou, Peng (2017): Emissions embodied in global trade have plateaued due to structural changes in China. In: Earth’s Future 5, 934–946. https://doi.org/10.1002/2017EF000625

 

Reuters (2018): Corporate bond issuance shrinks to 7-year low as selloff deepens. www.reuters.com/article/global-bonds-idUSL8N1YO502, 20.11.2020

 

Reyes, Oscar (2020): Change Finance, not the Climate. Amsterdam and Wash-ington: Trans National Institute / Institute for Policy Studies.

 

Rezende de Carvalho Ferreira, Carolina Maria/Amorim Sobreiro, Vinicius/Kimura, Herbert/Luiz de Moraes Barboza, Flavio (2016): A systematic review of litera-ture about finance and sustainability. In: Journal of Sustainable Finance & Investment 6 (2), 112-147. https://doi.org/10.1080/20430795.2016.1177438

 

Ritchie, Hannah/Roser, Max (2020): CO2 and greenhouse gas emissions. Our world in data. www.OurWorldInData.org, 20.11.2020

 

Schultheiß, Jana/Buxbaum, Adi/Feigl, Georg/Wukowitsch, Florian (2020): AK-Wohlstandsbericht 2020. Wien: AK Wien.

 

Sustainable Finance Beirat der Bundesregierung (2020): Zwischenbericht. Die Bedeutung einer nachhaltigen Finanzwirtschaft für die große Transformation.https://sustainable-finance-beirat.de/wp-content/uploads/2020/03/200306_SFB-Zwischenbericht_DE.pdf, 20.11.2020

 

Trade Unions for Energy Democracy (2019): The Green New Deal, net-zero carbon, and the crucial role of public ownership. Conference Report. http://unionsfor-energydemocracy.org/tued-gnd-conference-report-2019

 

UNCTAD (2019): Trade and Development Report 2019. Financing a Global Green New Deal. Geneva: UNCTAD

 

UNCTAD (2020): World Investment Report 2020. Geneva: UNCTAD.UNEP (2016): Definitions and concepts. Background note. http://unepinquiry.org/wp-content/uploads/2016/09/1_Definitions_and_Concepts.pdf, 20.11.2020

 

UNEP (2019a): Global Emissions GEP Report 2019. www.unenvironment.org/swstatic-201223060258/swstatic-210420030003/swstatic-230228014759/swstatic-241011044445/resources/emissions-gap-report-2019

 

UNEP (2019b): Global Resource Outlook 2019. Natural resources for the future we want. https://wedocs.unep.org/bitstream/handle/20.500.11822/27517/GRO_2019.pdf

 

Wang, Yao/Zhi, Qiang (2016): The Role of Green Finance in Environmental Protec-tion: Two Aspects of Market Mechanism and Policies. In: Energy Procedia 104, 311-316. https://doi.org/10.1016/j.egypro.2016.12.053

 

Weber, Heloise (2017): Politics of ‘Leaving No One Behind’: Contesting the 2030 Sustainable Development Goals Agenda. In: Globalizations 14 (3), 399-414. https://doi.org/10.1080/14747731.2016.1275404

 

Weber, Olaf (2017): Corporate sustainability and financial performance of Chines banks. In: Sustainability Accounting, Management and Policy Journal 8 (3), 358-385. https://doi.org/10.1108/SAMPJ-09-2016-0066

 

Weber, Olaf/ElAlfy, Amr (2019): The Development of Green Finance by Sector. In: Migliorelli, Marco/Dessertine, Philippe (ed.): The Rise of Green Finance in Europe. Opportunities and challenges for Issuers, Investors and Marketplaces. London: Palgrave Macmillan, 53-78. https://doi.org/10.1007/978-3-030-22510-0_3

 

Zeller, Christian (2020): Revolution für das Klima. Warum wir eine ökosozialistische Alternative brauchen. München: oekom.

Green Finance, Sustainability, Socio-ecological Transforma-tion, Strategies, Environmental Policies

Jäger, Johannes; Schmidt, Lukas

The Global Political Economy of Green Finance: A Regulationist Perspective

Sprache: EnglischSeiten: 31-50https://doi.org/10.20446/JEP-2414-3197-36-4-31
  • Abstract
  • Literatur
  • Keywords

Green finance is often presented as being essential for sustainability. In the tradition of critical political economy, this paper focuses on (green) finance and its impact on the use of natural resources and the environment. Given the global dimension of many environmental problems and the economic interconnections of the use of global natural resources, the paper takes a global view, focusing in particular on global asymmetries and dependency relation-ships between core and periphery. Against this background, global financial structures and the role of green finance, and their implications, are analysed. However, adopting a regulationist perspective, this paper discusses different forms of green finance, their regulation, and the implications for national devel-opment models and the environment. Neoliberal green finance, reformist green finance and progressive transformative green finance are distinguished. We conclude that neoliberal forms of green finance tend to deepen core-periphery dependencies and to contribute to a highly unequal and growing (over-)use of nature and a transfer of natural resources from the core to the periphery. In part, reformist forms of green finance may change this. However, in order to stop the global, highly uneven over-use of nature, a progressive transformative form of green finance is needed to contribute to a fundamental socio-ecological transformation that ends the unequal over-use of natural resources.

Aglietta, Michel (2000 [1979]): A Theory of Capitalist Regulation. The US Experi-ence. London: Verso.

 

Akyüz, Yilmaz (2018): External Balance Sheets of Emerging Economies: Low-Yielding Assets, High-Yielding Liabilities. In: PERI Working Paper Series (476).

 

Amazon Watch (2020): BlackRock’s big problem: Amazon Destruction. https://amazonwatch.org/work/blackrocks-big-problem, 21.9.2020

 

Becker, Joachim/Jäger, Johannes/Leubolt, Bernhard/Weissenbacher, Rudy (2010): Peripheral Financialization and Vulnerability to Crisis: A Regulationist Perspective. In: Competition & Change 14 (3-4), 225-247. https://doi.org/10.1179/102452910X12837703615337

 

Becker, Joachim/Jäger, Johannes/Weissenbacher, Rudy (2015). Uneven and dependent development in Europe: the crisis and its implications. In: Johannes Jäger/Elisabeth Springler (eds.): Asymmetric Crisis in Europe and Possible Futures. Critical Political Economy and Post-Keynesian Perspectives. Oxon: Routledge, 81-97.

 

Becker, Joachim/Raza, Werner (2000): Theory of Regulation and Political Ecology. An Inevitable Divorce? In: Économie et sociétés, Série „Théorie de la régula-tion“ (11), 55-70.

 

Berrou, Romain/Dessertine, Philippe/Migliorelli, Marco (2019): An Overview of Green Finance. In: Migliorelli, Marco/Dessertine, Philippe (ed.): The Rise of Green Finance in Europe. Opportunities and challenges for Issuers, Investors and Marketplaces. London: Palgrave Macmillan, 3-30. https://doi.org/10.1007/978-3-030-22510-0_1

 

Bortz, Pablo G./Kaltenbrunner, Annina (2018): The International Dimension of Financialization in Developing and Emerging Economies. In: Development and Change 49 (2), 375-393. https://doi.org/10.1111/dech.12371

 

Bracco, Stefania (2016): The Economics of Biofuels. The impact of EU bioenergy policy on agricultural markets and land grabbing in Africa. London: Rout-ledge. https://doi.org/10.4324/9781315621111

 

Brand, Ulrich/Wissen, Markus (2013): Imperiale Lebensweise und die politische Ökonomie natürlicher Ressourcen. In: Karin Fischer/Johannes Jäger/Lukas Schmidt (eds.): Rohstoffe und Entwicklung. Aktuelle Auseinandersetzungen im historischen Kontext. Wien: New Academic Press. 235-248.Brand, Ulrich/Wissen, Markus (2014): The Financialization of Nature as Crisis Strategy. In: Journal für Entwicklungspolitik 30 (2), 16-45. https://doi.org/10.20446/JEP-2414-3197-30-2-16

 

Buchner, Barbara et al. (2019): Global Landscape of Climate Finance. https://climatepolicyinitiative.org/publication/global-landscape-of-climate-finance-201946Jff2011fl6 J95fl7, L4o06 Sh2anesCastro, Carlos J. (2004): Sustainable Development: Mainstream and Crit-ical Perspectives. In: Organization Environment 17 (2), 195-225. https://doi.org/10.1177/1086026604264910

 

Christophers, Brett (2015): The limits to financialization. In: Dialogues in Human Geography 5 (2), 183-200. https://doi.org/10.1177/2043820615588153

 

Clapp, Jennifer/Isakson, S. Ryan (2018): Risky Returns: The Implications of Finan-cialization in the Food System. In: Development and Change 49 (2), 437-460. https://doi.org/10.1111/dech.12376

 

Clark, Brett/Longo, Stefano B. (2017): Marxism and Ecology. In: Brennen, David M./Kristjanson-Gural, David/Mulder, Catherine P./Olsen, Erik K. (ed.): Rout-ledge Handbook of Marxian Economics. London: Routledge, 399-408. https://doi.org/10.4324/9781315774206-37

 

Dietz, Kristina/Engels, Bettina (2016): Umkämpfter Rohstoff boom. Akteure und Strategien in Konflikten um Bergbau in Subsahara-Afrika. In: Karin Fischer/Johannes Jäger/Lukas Schmidt (eds.): Rohstoffe und Entwicklung. Aktuelle Auseinandersetzungen im historischen Kontext. Wien: New Academic Press. 220-234.Dikau, Simon/Ryan-Collins, Josh (2017): Green Central Banking in Emerging Markets and Developing Country Economies. London: New Economics Foun-dation.

 

Ehrlich Reifer, Thomas (2011): Global Inequalities, Alternative Regionalisms and the Future of Socialism. In: Journal für Entwicklungspolitik 27 (1), 72-94. https://doi.org/10.20446/JEP-2414-3197-27-1-72

 

EuroMemo Group (2020): A Green New Deal for Europe – Opportunities and Challenges. http://www2.euromemorandum.eu/uploads/euromemo-randum_2020.pdf

 

European Commission (2019): European Green Deal. Brussels: European Commis-sion.Fairhead, James/Leach, Melissa/Scoones, Ian (2012): Green Grabbing: a new appro-priation of nature? In: Journal of Peasant Studies 39 (2), 237-261. https://doi.org/10.1080/03066150.2012.671770

 

Fischer-Kowalski, Marina/Pallua, Irene (2016): Ressourcenextraktion und Ressour-cenverbrauch – globale Trends, regionale Muster. In: Karin Fischer/Johannes Jäger/Lukas Schmidt (eds.): Rohstoffe und Entwicklung. Aktuelle Ausein-andersetzungen im historischen Kontext. Wien: New Academic Press, 85-106.

 

Foster, John Bellamy (2013): Marx and the Rift in the Universal Metabolism of Nature. In: Monthly Review 65 (7), 1-19. https://doi.org/10.14452/MR-065-07-2013-11_1

 

Foster, John Bellamy/Holleman, Hannah (2014): The theory of unequal ecological exchange: a Marx-Odum dialectic. In: The Journal of Peasant Studies 41 (2), 199-233. https://doi.org/10.1080/03066150.2014.889687

Franco, Jennifer C./Borras Jr., Saturnino M. (2019): Grey areas in green grabbing: subtle and indirect interconnections between climate change politics and land grabs and their implications for research. In: Land Use Policy 84, 192-199. https://doi.org/10.1016/j.landusepol.2019.03.013

 

G20 Sustainable Finance Group (2018): Synthesis Report. http://www.g20.utoronto.ca/2018/g20_sustainable_finance_synthesis_report.pdf, 21.9.2020

 

Gosh, Jayati (2013): Microfinance and the challenge of financial inclusion for devel-opment. In: Cambridge Journal of Economics 37, 1203–1219. https://doi.org/10.1093/cje/bet042

 

Gowan, Peter (1999): The Global Gamble. Washington’s Faustian Bid for World Dominance. London: Verso.Harvey, David (2009). The ‘New’ Imperialism: Accumulation by Dispossession. In: Leo Panitch/Colin Leys (eds.): The New Imperial Challenge. Socialist Register. London: Merlin Press, 63-87.

 

Harvey, David (2014): Seventeen Contradictions and the End of Capitalism. London: Profile Books.Heuwieser, Magdalena (2015): Grüner Kolonialismus in Honduras. Land Grabbing im Namen des Klimaschutzes und die Verteidigung der Commons. Wien: Promedia.

 

Hubacek, Klaus/Baiocchi, Giovanni/Feng, Kuishuang/Muñoz Castillo, Raúl/Sun, Laixiang/Xue, Jinjun (2017): Global carbon inequality. In: Energy, Ecology and Environment 2 (6), 361-369. https://doi.org/10.1007/s40974-017-0072-9

 

Huybrechs, Frédéric/Bastiaensen, Johan/Van Hecken, Gert (2019): Exploring the potential contribution of green microfinance in transformations to sustaina-bility. In: Current Opinion in Environmental Sustainability 41, 85-92. https://doi.org/10.1016/j.cosust.2019.11.00

 

1IFC (2017): Green Finance. A bottom up approach to tracking existing flows. IFC: Washington D.C.IMF (2019): Global Financial Stability Report. Lower for Longer. Washington D.C .: IMF.

 

Jäger, Johannes (2020). From Marx to Critical International Political Economy. In: Ernesto Vivares (ed.): The Routledge Handbook to Global Political Economy. London: Routledge, 247-261. https://doi.org/10.4324/9781351064545-17

 

Jäger, Johannes/Horn, Laura/Becker, Joachim (2016). Critical International Political Economy and Method. In: Alan Cafruny/Leila Simona Talani/Gonzalo Pozo (eds.): The Palgrave Handbook of Critical International Political Economy. London: Palgrave Macmillan, 101-118. https://doi.org/10.1057/978-1-137-50018-2_7

 

Jäger, Johannes/Leubolt, Bernhard/Schmidt, Lukas (2014): Alles Extraktivismus in Südamerika? Rohstoffrenten und Politik in Brasilien, Chile und Venezuela. In: Journal für Entwicklungspolitik 30 (3), 9-26. https://doi.org/10.20446/JEP-2414-3197-30-3-9

 

Koch, Max/Buch-Hansen, Hubert (2020). The IPE of degrowth and sustainable welfare. In: Ernesto Vivares (ed.): The Routledge Handbook to Global Political Economy. London: Routledge, 375-390. https://doi.org/10.4324/9781351064545-26

 

Lagoarde-Segot, Thomas (2020): Financing the Sustainable Development Goals In: Sustainability 12 (7), 2275. https://doi.org/10.3390/su12072775

 

Lagoarde-Segot, Thomas/Paranque, Bernard (2018): Finance and sustainability: From ideology to utopia. In: International Review of Financial Analysis 55, 80-92. https://doi.org/10.1016/j.irfa.2017.10.006

 

LICADHO (2019): Collateral Damage: Land Loss and Abuses in Cambodia’s Microfinance Sector. www.licadho-cambodia.org/reports.php?perm=228, 27.5.2020Lust, Jan (2014): Peru: Mining capital and social resistance. In: Veltmeyer, Henry/Petras, James (eds.): The New Extractivism. A post-neoliberal development model or imperialism of the twenty-first century? London: Zed Books, 192-221.

 

Maconachie, Roy (2019): Green grabs and rural development: How sustainable is biofuel production in post-war Sierra Leone? In: Land Use Policy 81, 871-877. https://doi.org/10.1016/j.landusepol.2017.01.013

 

Marini, Ruy Mauro (1991 [1973]): Dialéctica de la dependencia. Ciudad de México: Ediciones Era.Marx, Karl (2012 [1867]): Capital. A Critique of Political Economy. London: Penguin Classics.Matković, Alexksandar (2019): Climate change and imperialism: what connects the Amazon fires and the EU-Mercosur agreement? http://cadtm.org/Climate-change-and-imperialism-what-connects-the-Amazon-fires-and-the-EU, 21.9.2020

 

Oliveira, Gustavo de LT/McKay, Ben/Plank, Christina (2017): How biofuel poli-cies backfire: Misguided goals, inefficient mechanisms, and political-ecolog-ical blind spots, ENERG POLICY 108: 765-775. https://doi.org/10.1016/j.enpol.2017.03.036

 

Ouma, Stefan/Johnson, Leigh/Bigger, Patrick (2018): Rethinking the financializa-tion of ‘nature’. In: Environment and Planning A: Economy and Space 50 (3), 500-511. https://doi.org/10.1177/0308518X18755748Ryner, Magnus/Cafruny, Alan (2017): The European Union and Global Capitalism. Origins, Development, Crisis. London: Palgrave. https://doi.org/10.1057/978-1-137-60891-8

 

Schandl, Heinz/FischerKowalski, Marina/West, James/Giljum, Stefan/Dittrich, Monika/Eisenmenger, Nina/Geschke, Arne/Lieber, Mirko/Wieland, Hans-peter/Schaffartzik, Anke/Krausmann, Fridolin/Gierlinger, Sylvia /Hosking, Karin/Lenzen, Manfred/Tanikawa, Hiroki/Miatto, Alessio/Fishman, Tomer (2018): Global Material Flows and Resource Productivity: Forty Years of Evidence. In: Journal of Industrial Ecology, 22(4), 827-838. https://doi.org/10.1111/jiec.12626

 

Scheidel, Arnim/Work, Courtney (2018): Forest plantations and climate change discourses: New powers of ‘green’ grabbing in Cambodia. In: Land Use Policy 77, 9-18. https://doi.org/10.1016/j.landusepol.2018.04.057

 

Smith, John (2016): Imperialism in the Twenty-First Century. Globalization, Super-Exploitation, and Capitalism’s Final Crisis. New York: Monthly Review Press.

 

Smith, Neil (2007): Nature as Accumulation Strategy. In: Socialist Register, 16-36.

 

Soederberg, Susanne (2014): Debtfare States and the Poverty Industry. Money, discipline and the surplus population. London: Routledge. https://doi.org/10.4324/9781315761954

 

UN (2015): Transforming our world: the 2030 Agenda for Sustainable Development. New York. UN.UNDP (2019): Human Development Report 2019. Beyond Income, Beyond Aver-ages, Beyond Today - Inequalities in Human Development in the 21st Century. New York: United Nations.

 

UNCTAD (2019): Trade and Development Report 2019. Financing a Global Green New Deal. Geneva: UNCTAD UNCTAD (2020): World Investment Report 2020: Geneva: UNCTAD.

 

Van der Pijl, Kees (2007): Nomades, Empires, States. Modes of Foreign Relations and Political Economy, Volume I. London: Pluto Press.World Bank (2020): Net official development assistance received (current US$). https://data.worldbank.org/indicator/DT.ODA.ODAT.CD, 21.9.2020

Green finance, sustainability, critical political economy, regulation theory, global development

Decker, Samuel

On The Transformative Potential of the 'Green New Deal'

Sprache: EnglischSeiten: 51 - 73https://doi.org/10.20446/JEP-2414-3197-36-4-51
  • Abstract
  • Literatur
  • Keywords

This article examines the transformative potential of various Green New Deal concepts that are currently being discussed in response to multiple crisis symptoms of globalised capitalism. The main focus is on the development of a systematic analytical framework, which will allow the defi-nition and assessment of the transformative potential of different political programmes. Throughout three constitutive characteristics of capitalist produc-tion (separation of wage labour and property, of enterprises among themselves and of the totality of enterprises and the state), three levels of transformation are presented (redistribution, socialisation and planning). Subsequently, different Green New Deal concepts are examined in order assess to what extent they can contribute to a transformation of capitalism.

Böhm, Steffen/Misoczky, Maria Cezi/Moog, Sandra (2012): Greening Capitalism? A Marxist Critique of Carbon Markets. Organization Studies 33 (11), 1617-1638. https://doi.org/10.1177/0170840612463326

 

Brand, Ulrich (2016): How to get out of the multiple crisis? Contours of a critical theory of social-ecological transformation. In: environ values 25 (5), 503-525. https://doi.org/10.3197/096327116X14703858759017

 

Brand, Ulrich/Daiber, Birgit (2012): Socialecological tranformations. In: Austrian Journal of Development Studies 28 (3), 4-6. Brand, Ulrich/Wissen, Markus (2012): Global Environmental Politics and the Imperial Mode of Living: Articulations of State–Capital Relations in the Multiple Crisis. In: Globalizations 9, 547-560. https://doi.org/10.1080/14747731.2012.699928

 

Chattopadhyay, Paresh (2018): On Market Socialism. In: Paresh Chattopad-hyay (ed.): Socialism and Commodity Production. Essay in Marx Revival. Boston: Brill (Historical materialism book series), 199-231. https://doi.org/10.1163/9789004377516_010

 

Decker, Samuel (2019): Contours of a critical transformative science. In: Decker, Samuel/Elsner, Wolfram/Flechtner, Svenja (Ed.): Principles and pluralist approaches in teaching economics. Towards a transforma-tive science. Abingdon, Oxon, New York: Routledge, 287-297. https://doi.org/10.4324/9781315177731-19DiEM25

 

Democracy in Europe Movement 2025 (2019): European Spring Mani-festo. https://diem25.org/wp-content/uploads/2019/01/EuropeanSpring-Mani-festo-2019.ENG_.pdf, 31.03.2020.DiEM25

 

Democracy in Europe Movement 2025 (2019): The Green New Deal for Europe. www.gndforeurope.com/10-pillars-of-the-green-new-deal-for-europe, 31.03.2020.72Sff201fl D16915

 

DSA Democratic Socialists of America (2019): An Ecosocialist Green New Deal: Guiding Principles. https://ecosocialists.dsausa.org/2019/02/28/gnd-principles/, 31.03.2020.

 

European Commission (2019): The European Green Deal. https://ec.europa.eu/info/sites/info/files/european-green-deal-communication_en.pdf, 31.03.2020.

 

Gallagher, Richard/Kozul-Wright, Kevin (2019): A New Multilateralism for Shared Prosperity: Geneva Principles for a Global Green New Deal. Boston University Global Development Policy Center.

 

Green New Deal Group (2020): History of the Green New Deal. https://green-newdealgroup.org/history-of-the-green-new-deal/, 31.03.2020.Guinan, Joe (2019): Socialising capital: looking back on the Meidner plan. In: International Journal of Public Policy 15 (1/2), 38-58. https://doi.org/10.1504/I J PP. 2 0 19.0 9 9 0 4 9

 

Hollender, Rebecca (2016): A Politics of the Commons or Commoning the Polit-ical? Distinct Possibilities for Post-Capitalist Transformation. In: Spectra 5 (1). https://doi.org/10.21061/spectra.v5i1.351

 

Itoh, Maria/Lapavitsas, Costas (1999): Money and Credit in a Socialist Economy. In: Political Economy of Money and Finance. Palgrave Macmillan, London. https://doi.org/10.1057/9780230375789

 

Klein, Naomi (2014): This changes everything. Capitalism vs. the climate. Vintage Canada edition. Toronto: Vintage Canada.

 

Marx, Karl (2000 [1849]): Wage Labor and Capital. In: McLellan, David: Karl Marx: Selected Writings. Oxford, New York: Oxford University Press.Marx, Karl/Engels, Friedrich (2005 [1857/1858]): Werke (MEW 42). Second edition. Berlin: Dietz.

 

Morozov, Evgeny (2019): Digital Socialism. The Calculation Debate in the Age of Big Data. In: New Left Review, (116). Patnaik, Prabat (2010): Socialism or Reformism? Social Scientist 38 (5/6), 3-21.

 

Phillips, Leigh; Rozworski, Michal (2019): People’s republic of Walmart. How the world’s biggest corporations are laying the foundation for socialism. London, New York: Verso.

 

Plumpe, Werner (2016): Debatten über die Gestaltbarkeit des Kapitalismus 1900-1933. In: Forschungsjournal Soziale Bewegungen 29 (3). https://doi.org/10.1515/fjsb-2016-0235Reißig, Rolf (2016): Transformation in unterschiedlichen Diskursen. Anmerkungen zum „Handbuch Transformationsforschung“. In: Brie, Michael (ed.): Futuring. Perspektiven der Transformation im Kapitalismus über ihn hinaus. Wiesbaden: Westphälisches Dampfboot, 281-302.

 

Roberts, Michael (2019): Modern Monetary Theory: A Marxist Critique. In: Class, Race and Corporate Power 7 (1). https://doi.org/10.25148/CRCP.7.1.008316

 

Saros, Daniel E. (2014): Information Technology and Socialist Construc-tion. The End of Capital and the Transition to Socialism. Hoboken: On the Transformative Potential of the ‘Green New Deal’Taylor and Francis (Routledge Frontiers of Political Economy). https://doi.org/10.4324/9781315814001

 

Scales, Ivan R. (2017): Green Capitalism. New Jersey: John Wiley & Sons.

 

Stirling, Andy (2015): Emancipating Transformations. From controlling ’the tran-sition’ to culturing plural radical progress. In: Scoones, Ian/Leach, Melissa/Newell, Peter (eds.): The politics of green transformations. London, New York, Routledge, 54-67.

 

ten Brink, Tobias (2012): Überlegungen zum Verhältnis von Kapitalismus und Staatenkonkurrenz. Zeitschrift für Außen- und Sicherheitspolitik 5, 97-116. https://doi.org/10.1007/s12399-011-0243-2

 

UNCTAD United Nations Conference on Trade and Development (2019): Trade and development report, 2019. Financing a global green New Deal. Geneva: United Nations.Vrousalis, Nicholas (2017): Council Communism and the Socialization Dilemma. Forthcoming in James Muldoon (ed.) Council Democracy: Theorising Boundaries Between the Political and Economic. London: Routledge. https://doi.org/10.4324/9781351205634-5WBGU – German Advisory Council on Global Change (2011): World in Transi-tion. A Social Contract for Sustainability. Berlin: WBGU.

Green New Deal, Transformation, Economic Policy, Economic Planning, Reformism, Alternatives to Capitalism, Mode of Production

Springler, Elisabeth

Financial Innovation, Macroeconomic Stability and Sustainabilty

Sprache: EnglischSeiten: 74-91https://doi.org/10.20446/JEP-2414-3197-36-4-74
  • Abstract
  • Literatur
  • Keywords

It is claimed that financial innovation meets the demanded changes in economic investment towards environmental sustainability and a transition towards low-carbon economies. While the underlying narrative for the proposed transition of economic structures highlights the necessity to search for an economic alternative to the profit-seeking resource-based produc-tion mode advocated by mainstream neoliberal economists, it becomes evident that the suggested tools of financial innovation to promote environmentally friendly investment, namely green finance, further promote neoliberal market forces to a large extent. After critically evaluating tools of green finance, this paper discusses the possibilities of strong institutional embeddedness of new green finance tools in order to mitigate the former’s negative effects.

Anger, Annela/Barker, Terry (2015): The Effects of the Financial System and Financial Crises on Global Growth and the Environment. In: Arestis, Philip/Sawyer, Malcom (eds.): Finance and the Macroeconomics of Envi-ronmental Policies. Houndmills: Palgrave Macmillan, 153-193. https://doi.org/10.1057/9781137446138_5

 

Bailey, Dain (2020): Re-thinking the Fiscal and Monetary Political Economy of the Green State. In: New Political Economy 5 (1) 5-17. https://doi.org/10.1080/13563467.2018.1526267

 

Beck, Stefan/Scherrer, Christoph (2013): Varieties of Capitalism. In: Wull-weber, Joscha/ Graf, Antonia/Behrens, Maria (eds.): Theorien der Interna-tionalen Politischen Ökonomie. Wiesbaden: Springer, 151-166. https://doi.org/10.1007/978-3-658-02527-4_987

 

Berrou, Romain/Dessertine, Philippe/Migliorelli, Marco (2019): An overview of Green finance. In: Migliorelli Marco/Dessertine Philippe (eds.): The Rise of Green Finance in Europe, Opportunities and Challenges for Issuers, Inves-tors and Marketplaces. Palgrave Studies in Impact Finance. Cham: Palgrave Macmillan/Springer Nature Switzerland, 3-29. https://doi.org/10.1007/978-3-030-22510-0_1

 

Bruff, Ian/Ebenau, Matthias/May, Christian/Nölke, Andreas (2013): Einleitung: Kapitalismusvergleich, Kapitalismusanalyse und Kapitalismuskritik in Zeiten der globalen Krise. In: Bruff, Ian/Ebenau, Matthias/May, Christian/Nölke, Andreas (eds.). Vergleichende Kapitalismusforschung: Stand, Perspektiven, Kritik. Münster: Westfälisches Dampf boot, 9-20.

 

Bruff, Ian/Hartmann, Eva (2013): Neopluralistische Politikwissenschaft, Wirtschaftssoziologie und die konzeptionellen Grundlagen der Vergleichenden Kapitalismusforschung. In: Bruff, Ian/Ebenau, Matthias/May, Christian/Nölke, Andreas (eds.): Vergleichende Kapitalismusforschung: Stand, Perspektiven, Kritik. Münster: Westfälisches Dampf boot, 37-50.

 

Campiglio, Emanuele/Godin, Antoine/Kemp-Benedict, Eric/Matikainen, Sini (2017): The Tightening Links Between Financial Systems and the Low-Carbon Transition. In: Arestis, Philip/ Sawyer, Malcom (eds.): Economic Policies since the Global Financial Crisis. Houndmills: Palgrave Macmillan, 313-356. https://doi.org/10.1007/978-3-319-60459-6_8

 

Chick, Victoria (1993): The Evolution of the Banking System and the Theory of Monetary Policy. In: Frowen, Stephen F. (eds.). Monetary Theory and Mone-tary Policy: New Tracks for the 1990s, London: Macmillan, 79-92. https://doi.org/10.1007/978-1-349-23096-9_6Clarke, Chris (2019): Platform lending and the politics of financial infrastructure. In: Review of international Political Economy 26, 863-885. https://doi.org/10.1080/09692290.2019.1616598

 

Climate Bonds (2020): 2019 Green Bond Market Summary, February 2020. www.climatebonds.net, 15.06.2020. Dabrowski, Marek (2017): Potential impact of financial innovation on financial services and monetary policy, CASE – Center for Social and Economic Research on behalf of CASE Network, No 488. https://doi.org/10.2139/ssrn.3009307

 

Demirgüc-Kunt, Asli/Levine, Ross (2001): Financial Structure and Economic Growth: Perspectives and Lessons. In: Demirgüc-Kunt, Asli/Levine, Ross (eds.): Financial Structure and Economic Growth: A Cross-Country Comparison of Banks, Markets, and Development. Cambridge: MIT Press, 3-14. https://doi.org/10.7551/mitpress/3001.001.0001

 

Dorfleitner, Gregor/Braun, Diana (2019): Fintech, Digitalization and Blockchain: Possible Applications for Green Finance. In: Migliorelli, Marco/Dessertine, Philippe (eds.): The Rise of Green Finance in Europe, Opportunities and Chal-lenges for Issuers, Investors and Marketplaces,?? Palgrave Studies in Impact Finance. Cham: Palgrave Macmillan/Springer Nature Switzerland, 207-238. https://doi.org/10.1007/978-3-030-22510-0_988Eff201fl695 S742ohff64

 

Dow, Sheila/Gosh, Dipak/Ruziev, Kobil (2008): A stages approach to banking development in transition economies. In: Journal of Post Keynesian Economics 31(1) 3-33. https://doi.org/10.2753/PKE0160-3477310101ECB (2015): Economic Bulletin Issue 1 / 2015; 15-18. www.ecb.europa.eu/pub/pdf/other/eb201501_focus01.en.pdf, 30.06.2020. ECB (n. Y.): Asset purchase program, cumulated net purchases. www.ecb.europa.eu/mopo/implement/omt/html/index.en.html, 1.06.2020.

 

Epstein, Gerald A. (2005): Introduction: Financialization and the World Economy. In: Epstein, Gerald A.(Ed.): Financialization and the World Economy. Chel-tenham: Edward Elgar, 3-16.Gabor, Daniela/Brooks, Sally (2017). The digital revolution in financial inclusion: international development in the fintech rea. In: New Political Economy 22 (4), 423-436.

 

Guttmann, Robert (2018): Eco-Capitalism Carbon Money, Climate Finance and Sustainable Development. Palgrave Macmillan: Houndmills. https://doi.org/10.1007/978-3-319-92357-4_7

 

Hall, Peter H./Soskice, David (2004): Varieties of Capitalism and Institutional Complementarities. In: Franzese, Robert/Mooslechner, Peter/Schürz, Martin (eds.): Institutional Conflicts and Complementarities Monetary Policy and Wage Bargaining Institutions in EMU.

 

Dordrecht: Kluwer Academic Publishers, 43-76.Heires, Marcel/Nölke, Andreas (2014): Die Politische Ökonomie der Finanzial-isierung. Einleitung. In: Heires, Marcel/Nölke, Andreas (eds.): Politische Ökonomie der Finanzialisierung. Wiesbaden: Springer, 19-29. https://doi.org/10.1007/978-3-658-03778-9_1

 

Hoffmann, Hubert (1987): Postkeynesianische Ökonomie – Übersicht und Orien-tierung. In: Dietrich, Karl/Hoffmann, Hubert/Kromphardt, Jürgen/Kühne, Karl/Kurz, Heinz D./Riese, Hajo/Schefold, Bertram (eds.): Postkeynesian-ismus – Ökonomische Theorie in der Tradition von Keynes, Kalecki und Sraffa. Marburg: Metropolis, 9-36.Hyung, Kyung Jin/Baral, Prajwal (2019): Use of Innovative Public Policy Instru-ments to Establish and Enhance the Linkage Between Green Technology and Finance. In: Sachs Jeffrey D./Wing Thye Woo/Naoyuki, Yoshino/Farhad, Taghizadeh-Hesary (eds.): Handbook of Green Finance, Energy Security and Sustainable Development, Asian Development Bank Institute. Springer: Singa-pore, 339-362. https://doi.org/10.1007/978-981-13-0227-5_28

 

Janicko, Martin (2015): Mainstream versus Heterodox View of Financial Innova-tion. In: Procedia Economics and Finance 30, 352-363. https://doi.org/10.1016/S2212-5671(15)01302-7

 

Koh, Wee Chian/Yu, Shu (2019): Macroeconomic Development. In: Kose, M. Ayhan/ Ohnsorge, Franziska (eds.): A Decade After the Global Recession, Lessons and Challenges for Emerging and Developing Economies. Wash-ington: World Bank, 119-158.

 

Financial Innovation, Macroeconomic Stability and Sustainability Kose, M. Ayhan / Ohnsorge, Franziska (2019): A Decade After the Global Reces-sion, Lessons and Challenges for Emerging and Developing Economies. Wash-ington: World Bank. https://doi.org/10.1596/32641

 

Lovells, Hogan (2020): Debt Capital Markets – Global Insights, Spring 2020. www.hoganlovells.com/~/media/hogan-lovells/pdf/2020-pdfs/2020_02_21_brochure_dcm_spring-2020.pdf?la=en, 4.06.2020.

 

May, Christian/Nölke, Andreas (2013): Kritischer Institutionalismus in der Verlgeichenenden Kapitalismusforschung: Konzeptionelle Überlegungen und Forschungsprogramm. In: Bruff, Ian/Ebenau, Matthias/May, Christian/Nölke, Andreas (eds.): Vergleichende Kapitalismusforschung: Stand, Perspektiven, Kritik. Münster: Westfälisches Dampf boot, 103-118.

 

Mazzucato, Mariana (2016): From market fixing to market-creating: a new frame-work for innovation policy. In: Industry and innovation 23 (2), 140-156. https://doi.org/10.1080/13662716.2016.1146124

 

Minsky, Hyman (1992): The Financial Instability Hypothesis.The Jerome Levy Economics Institute of Bard College, Working Paper No. 74, May 1992. http://www.levyinstitute.org/pubs/wp74.pdf, 4.06.2020.

 

Nassiry, Darius (2019): The Role of Fintech in Unlocking Green Finance, Policy Insights for Developing Countries. In: Sachs, Jeffrey D./Wing Thye Woo/Naoyuki Yoshino/Farhad Taghizadeh-Hesary (eds.): Handbook of Green Finance, Energy Security and Sustainable Development, Asian Development Bank Insti-tute. Singapore: Springer, 315-336. https://doi.org/10.1007/978-981-13-0227-5_27

 

Nielsen, Kristoffer (2020): Green bond market update. In: The Green Bond (2) 2020, 6-12. https://doi.org/10.1016/j.fopow.2020.11.013

 

Noh, Hee Jin (2019): Financial Strategies to Accelerate Green Growth. In: Sachs, Jeffrey D./Wing, Thye Woo/Naoyuki Yoshino/Farhad, Taghizadeh-Hesary (eds.): Handbook of Green Finance, Energy Security and Sustainable Develop-ment, Asian Development Bank Institute. Singapore: Springer, 37-62.

 

Official journal of the European Union (2013) DECISION No 1386/2013/EU OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 20 November 2013 on a General Union Environment Action Programme to 2020 ‘Living well, within the limits of our planet.’ https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32013D1386&from=EN, 6.06.2020.

 

Palley, Thomas I. (2013): Financialization. The economics of finance capital domina-tion. Houndmills: Palgrave Macmillan.Parenteau, Robert W. (2005): The Late 1990s’ US Bubble: Financialization in the Extreme. In: Epstein, Gerald A. (ed.): Financialization and the World Economy. Cheltenham: Edward Elgar, 111-148.Sablowski, Thomas (2008): Towards the Americanization of European Finance? The Case of Finance-Led Accumulation in Germany. In: Panitch, Leo/Konings, Martiin (eds.): The American empire and the political economy of global finance. Houndmills: Palgrave Macmillan, 135-158. https://doi.org/10.1057/9780230227675_790Eff201fl695 S742ohff64

 

Sawyer, Malcolm (2014): Bank-based versus market-based financial systems: a critique of the dichotomy, FESSUD Working Paper Series No19. http://fessud.eu/wp-content/uploads/2013/04/Bank-based-versus-market-based-financial-systems-a-critique-of-the-dichotomy-working-paper-19.pdf, 5.10.2020.

 

Sommer, Tobias (2017). Greening the Financial System: Enhancing Competi-tiveness Through Economic Development, A briefing. https://unepinquiry.org/publication/greening-the-financial-system-enhancing-competitiveness-through-economic-development/, 5.10.2020.

 

Springler, Elisabeth (2006). Evolution of national financial systems. The Devel-opment of the New Member States of the European Union. In: Forstater, Mathew/Wray, Randall (eds.). Money, financial instability and Stabilization Policies. Cheltenham: Edward Elgar, 231-256.S

 

pringler, Elisabeth (2019): Inflation: Failures of Inflation Targeting – A European Perspective. In: Arestis, Philip/Sawyer, Malcolm (eds.) Frontiers of Heter-odox Macroeconomics. Houndmills: Palgrave Macmillan, 173-222. https://doi.org/10.1007/978-3-030-23929-9_5

 

Stein, Peer/Rooprai, Gursimran/Kludovacz, Tibor (2018): Raising $23 Tril-lion Greening Banks and Capital Markets for Growth G20 Input Paper on Emerging Markets, Washington: International Finance Corporation World Bank Group.

 

Stockhammer, Engelbert (2014): Entstehung und Krise des finanz-dominiserten Akkumulationsregimes. Eine postkeynesianische Perspektive auf Finanzial-isierung. In: Heires, Marcel/Nölke, Andreas (eds.): Politische Ökonomie der Finanzialisierung. Wiesbaden: Springer, 33-48. https://doi.org/10.1007/978-3-658-03778-9_2

 

Tufano, Peter (2002): Financial Innovation. www.dklevine.com/archive/fininnov_tufano_june2002.pdf, 2.06.2020.

Financial Innovation, macroeconomic stability, sustaina-bility, green finance

Tröster, Bernhard; Küblböck, Karin

Shifting the Course? The Impact of Chinese Finance on Extractivism in Latin America and Sub-Saharan Africa

Sprache: EnglischSeiten: 92 - 109https://doi.org/10.20446/JEP-2414-3197-36-4-92
  • Abstract
  • Literatur
  • Keywords

China’s demand for commodities and its role as an investor and creditor in the global periphery are closely connected. In the past two decades, China’s external policies have perpetuated commodity-based develop-ment models in the Global South, which are linked with negative socio-ecolog-ical effects. In this paper, we assess China’s engagement in Sub-Saharan Africa and Latin America, by analysing China’s outward financial flows. We show that these flows reflect China’s growth model, but also vary by destination, given the regionally prevailing development strategies. We argue that whether new Chinese policies for more resource efficiency will trigger more sustainable development models in these regions, depends on these regions’ existing rela-tionships and experiences with China. However, the risks for continued extrac-tivism remain high.

AEI (2020): China Global Investment Tracker. AEI (American Enterprise Insti-tute) und Heritage Foundation. www.aei.org/china-global-investment-tracker/, 15.6.2020.Af DB (2018): African Economic Outlook 2018. Addis Ababa: African Development Bank.

 

Altenburg, Tilmann/Chen, Xiao/Lütkenhorst, Wilfried/Staritz, Cornelia/Whit-field, Lindsay (2020): Exporting out of China or out of Africa? Automation versus relocation in the global clothing industry. Discussion Paper 1/2020. Deutsches Institut für Entwicklungspolitik (DIE).Auty, Richard.M. (1993): Sustaining Development in Mineral Economies: The Resource Curse Thesis. London: Routledge.

 

Banik, Dan/Bull, Benedicte (2018): Chinese engagement in Africa and Latin America: does it matter for state capacity? In: Third World Thematics: A TWQ Journal 3 (4), 532–551. https://doi.org/10.1080/23802014.2018.1531682

 

Brautigam, Deborah (2009): The Dragon’s Gift: The Real Story of China in Africa. New York: Oxford University Press.

 

Brautigam, Deborah/Gallagher, Kevin (2014): Bartering Globalization: China’s Commodity-backed Finance in Africa and Latin America. In: Global Policy 5 (3), 346–352. https://doi.org/10.1111/1758-5899.12138106Bff201fl26 T2957ff2, Kfl240 Kohah9ne

 

CARI (2020): Loan Database. China Africa Research Initiative at Johns Hopkins University. http://www.sais-cari.org/data, 15.6.2020.Compagnon, Daniel/Alejandro, Audrey (2013): China’s External Environmental Policy: Understanding China’s Environmental Impact in Africa and How It Is Addressed. In: Environmental Practice 15 (3), 220–227. https://doi.org/10.1017/S1466046613000252

 

Corden, W. Max/Neary, J. Peter (1982): Booming Sector and De-Industrialisation in a Small Open Economy. In: Economic Journal 92 (368), 825–48. https://doi.org/10.2307/2232670

 

DER A (2019): Rohstoffinformationen 41 – Einblicke in die chinesische Rohstoffwirtschaft. Deutsche Rohstoffagentur.

 

Dietz, Kristina (2017): Räumliche Dynamiken rohstoff basierter Entwicklung. In: Burchardt, Hans-Jürgen/Peters, Stefan/Weinmann, Nico (eds.): Entwicklung-stheorie von heute - Entwicklungspolitik von morgen. Baden-Baden: Nomos, 205-222. https://doi.org/10.5771/9783845267340-206

 

Ederer, Stefan/Heumesser, Christine/Staritz, Cornelia (2016): Financialization and commodity prices – an empirical analysis for coffee, cotton, wheat and oil. In: International Review of Applied Economics 30 (4), 462–487. https://doi.org/10.1080/02692171.2015.1122745

 

Ericsson, Magnus/Löf, Olof/Löf, Anton (2020): Chinese control over African and global mining—past, present and future. Mineral Economics 33 (1-2), 153–181. https://doi.org/10.1007/s13563-020-00233-4

 

FOCAC (2015): The Forum on China-Africa Cooperation Johannesburg Action Plan 2016-2018. Forum on China-African Cooperation. www.focac.org/eng/zy wx_1/zy wj/t1327961.htm, 15.6.2020.

 

Gallagher, Kevin/Myers, Margaret (2020): China-Latin America Finance Database. Washington, DC: Inter-American Dialogue.Gelb, A.H. (1988): Windfall Gains: Blessing or Curse? New York: Oxford University Press.

 

Gudynas, Eduardo (2019): Extraktivismen. Erscheinungsformen und Neben-wirkungen. In: Ramírez, Martín/Schmalz, Stefan (eds.): Extraktivismus: Lateinamerika nach dem Ende des Rohstoff booms. München: Oekom, 19-38.

 

Horn, Sebastian/Reinhart, Carmen/Trebesch, Christoph (2020): China’s Overseas Lending. Kiel Working Paper Nr. 2132. Kiel Institute for the World Economy. https://doi.org/10.3386/w26050

 

Irwin, Amos/Gallagher, Kevin (2014): Exporting National Champions: China’s OFDI Finance in Comparative Perspective. Working Paper 6. Global Economic Governance Initiative. https://doi.org/10.1111/cwe.12089

 

Jäger, Johannes/Leubolt, Bernhard/Schmidt, Lukas (2014): Alles Extraktivismus in Südamerika? Rohstoffrenten und Politik in Brasilien, Chile und Venezuela. In: Journal für Entwicklungspolitik 30 (3), 9-26. https://doi.org/10.20446/JEP-2414-3197-30-3-9

 

Jenkins, Rhys (2018): How China is Reshaping the Global Economy: Develop-ment Impacts in Africa and Latin America. How China is Reshaping the Global Economy. Oxford: Oxford University Press. https://doi.org/10.1093/oso/9780198738510.001.0001

 

Küblböck, Karin (2014): Can ‘Undistorted Access’ Lead to Inclusive Development? The EU Raw Materials Initiative and Possible Effects upon Resource-Based Development in Africa. In: Journal für Entwicklungspolitik 30 (3), 89–105. https://doi.org/10.20446/JEP-2414-3197-30-3-89

 

Küblböck, Karin/Tröster, Bernhard/Ambach, Christoph (2019): Going Global - Chinese natural resource policies and their impacts on Latin America. ÖFSE Briefing Paper No. 24. Vienna: Austrian Foundation for Development Research (ÖFSE).

 

Mihalyi, David/Adam, Aisha/Hwang, Jyhjong (2020): Resource-Backed Loans: Pitfalls and Potential. Natural Resource Governance Institute. https://resource-governance.org/analysis-tools/publications/resource-backed-loans-pitfalls-potential, 15.6.2020.

 

Myers, Margaret (2019): China and the Amazon: Toward a Framework for Maxi-mizing Benefits and Mitigating Risks of Infrastructure Development. Inter-American Dialogue and others. www.thedialogue.org/analysis/china-and-the-amazon-toward-a-framework-for-maximizing-benefits-and-mitigating-risks-of-infrastructure-development/, 15.06.2020

 

Nedopil, Christoph (2020): Countries of the Belt and Road Initiative. Beijing: IIGF Green BRI Center. https://green-bri.org/countries-of-the-belt-and-road-initia-tive-bri, 10.9.2020.

 

Nissanke, Machiko (2019): Exploring macroeconomic frameworks conducive to structural transformation of sub-Saharan African economies. In: Struc-tural Change and Economic Dynamics 48, 103-116. https://doi.org/10.1016/j.strueco.2018.07.005

 

Papyrakis, Elissaios (2017): The Resource Curse – What Have We Learned from Two Decades of Intensive Research: Introduction to the Special Issue. In: The Journal of Development Studies 53 (2), 175–185. https://doi.org/10.1080/00220388.2016.1160070

 

Peters, Stefan (2019): Rentengesellschaften: Der lateinamerikanische (Neo-)Extrak-tivismus im transregionalen Vergleich. Baden-Baden: Nomos. https://doi.org/10.5771/9783845295282Prebisch, Raúl (1950): The economic development of Latin America and its principal problems. New York: United Nations.Ray, Rebecca/Gallagher, Kevin/López, Andres/Sanborn, Cynthia (eds.) (2017): China and Sustainable Development in Latin America: The Social and Envi-ronmental Dimension. London/New York: Anthem Press.SAFE (2020): The Time-Series Data of International Investment Position of China. PRC State Administration of Foreign Exchange (SAFE). www.safe.gov.cn/en/2018/0928/1459.html, 15.6.2020.Schmalz, Stefan (2019a). The Three Stages of Chinese Capital Export. In: Journal für Entwicklungspolitik 35 (4), 17-38. https://doi.org/10.20446/JEP-2414-3197-35-3-17108Bff201fl26

 

Schmalz, Stefan (2019b): Vom Boom zur Krise. Gefangen im magischen Viereck des Neoextraktivismus. In: Ramírez, Martín/Schmalz, Stefan (eds.): Extraktiv-ismus: Lateinamerika nach dem Ende des Rohstoff booms. München: Oekom, 39-58.

 

Schmalz, Stefan (2018): Machtverschiebungen im Weltsystem: der Aufstieg Chinas und die große Krise. Frankfurt/New York: Campus Verlag.Shinn, David, H. (2016): The Environmental Impact of China’s Investment in Africa. In: Cornell International Law Journal 49 (1), 25-67.Singer, H.W. (1950): The Distribution of Gains between Investing and Borrowing Countries. In: American Economic Review 40 (2), 473–85.

 

Svampa, Maristella (2019): Neo-extractivism in Latin America: Socio-envi-ronmental Conflicts, the Territorial Turn, and New Political Narratives. Cambridge: Cambridge University Press. https://doi.org/10.1017/9781108752589Tröster, Bernhard/Küblböck, Karin/Grumiller, Jan (2017): EU ’s and Chinese raw material policies in Africa: converging trends? In: Kurswechsel (3), 69-78.

 

Ulbrich, Nina (2017): Chinas Rohstoffpolitik in Afrika: Neue Strategien auf alten Pfaden. In: Peters, Stefan/Burchardt, Hans-Jürgen (eds.): Umwelt und Entwicklung in globaler Perspektive: Ressourcen – Konflikte – Degrowth. Frankfurt/New York: Campus, 89-112.

 

UN ECLAC (2018): Foreign Direct Investment in Latin America and the Carib-bean 2018. Santiago.UNCTAD (2019): Commodity Dependence: A Twenty-Year Perspective. Geneva: United Nations Conference on Trade and Development.UNECA (2013): Making the most of Africa’s commodities: industrializing for growth, jobs and economic transformation.

 

Addis Ababa: United Nations Economic Commission for Africa.Wolf, Christina (2016): China and Latecomer Industrialization Processes in Sub-Saharan Africa: A Case of Combined and Uneven Development. In: World Review of Political Economy 7 (2), 249–282. https://doi.org/10.13169/worlrevi-poliecon.7.2.0249

 

Yuan, Zhigang /Vercueil, Julien/Boyer, Robert (2017): A Growth Model with Chinese Characteristics. In: Revue de la régulation. Capitalisme, institutions, pouvoirs (21). https://journals.openedition.org/regulation/12315, 15.6.2020. https://doi.org/10.4000/regulation.12135

Extractivism, China, Latin America, Sub-Saharan Africa, commodity-based development models, capital flows

Claar, Simone

Green Finance and Transnational Capitalist Classes - Tracing Vested Capital Interests in Renewable Energy Investment in South Africa

Sprache: EnglischSeiten: 110 - 128https://doi.org/10.20446/JEP-2414-3197-36-4-110
  • Abstract
  • Literatur
  • Keywords

The green economy’s general global agenda is to attract invest-ments into renewable energy. Within this setting, transnational capitalist classes are one primary driver as well as being key investors. The article investi-gates how transnational classes shape green investments, particularly in renew-able energy in Africa. This is demonstrated by tracing the ownership struc-tures and links to transnational capital classes and private equity through one case within the South African Renewable energy procurement programme (REI4P). The article, thus, addresses the lack of consideration of ecology and class issues in critical International Political Economy, arguing that colonial relationships are perpetuated within the green economy and finance.

Actis (2019): Actis acquires BioTherm Energy, 01.08.2019. www.act.is/media-centre/press-releases/actis-acquires-biotherm-energy, 06.05.2020.

 

Actis (n/a): Globoleq Africa. www.act.is/about-actis/our-portfolio/globeleq-africa, 06.05.2020.

 

Ashman, Sam/Fine, Ben (2013): Neo-liberalism, varieties of capitalism, and the shifting contours of South Africa’s financial system. In: Transformation: Crit-ical Perspectives on Southern Africa 81 (82), 144-178. https://doi.org/10.1353/trn.2013.0013

 

Baker, Lucy/Newell, Peter/Phillips, Jon (2014): The Political Economy of Energy Transitions: The Case of South Africa. In: New Political Economy 19 (6), 791-818. https://doi.org/10.1080/13563467.2013.849674

 

Baker, Lucy (2015): Renewable Energy in South Africa’s Minerals-Energy Complex: a ‘low carbon’ Transition? In: Review of African Political Economy 42 (144), 245-261.

 

BioTherm Energy (2018): Konkoonsies Solar PV. https://biothermenergy.com/konkoonsies-solar-pv/, 06.05.2020.Bonizzi, Bruno/ Kaltenbrunner, Annina / Powell, Jeff (2020): Subordinate Finan-cialization in Emerging Capitalist Economies. In: Mader, Philip, Mertens, Daniel/van der Zwan, Natascha (eds), The International Handbook of Financialization. London and New York: Routledge, 177–187. https://doi.org/10.4324/9781315142876-1.

 

Bracking, Sarah (2015): Performativity in the Green Economy: how far does climate finance create a fictive economy? In: Third World Quarterly 36 (12), 2337–2357. https://doi.org/10.1080/01436597.2015.1086263

 

Bracking, Sarah (2019): Financialisation, Climate Finance, and the Calculative Challenges of Managing Environmental Change. In: Antipode, 51, 709-729. https://doi.org/10.1111/anti.12510

 

Brand, Ulrich (2015): Green Economy, Green Capitalism and the Imperial Mode of Living: Limits to a Prominent Strategy, Contours of a Possible New Capitalist Formation. In: Fudan Journal of the Humanities and Social Sciences 9 (1), 107-121. https://doi.org/10.1007/s40647-015-0095-6

 

Brand, Ulrich/Görg, Christoph/Wissen, Markus (2011): SecondOrder Condensa-tions of Societal Power Relations: Environmental Politics and the Internation-alization of the State from a NeoPoulantzian Perspective. In: Antipode 43, 149-175. https://doi.org/10.1111/j.1467-8330.2010.00815.x

 

Brand, Ulrich/Wissen, Markus (2018): The Limits to Capitalist Nature. Theorizing and overcoming the Imperial Mode of Living. London: Roman and Littlefield.

 

Brockington, Dan/Ponte, Stefano (2015): The Green Economy in the global South: experiences, redistributions and resistance. In: Third World Quarterly 36 (12), 2197-2206. https://doi.org/10.1080/01436597.2015.1086639124Sff201fl C6995

 

Claar, Simone (2018): International Trade Policy and Class Dynamics in South Africa. The Economic Partnership Agreement. Basingstoke: Palgrave Macmillan. https://doi.org/10.1007/978-3-319-65714-1

 

Clapp, Jennifer (2014): International Political Economy and the Environment. In: Betsill, Michelle/Hochstetler, Kathryn/Stevis, Dimitris (eds): Advances in International Environmental Politics. New York: Palgrave Macmillan, 107-136.

 

Clapp, Jennifer/Dauvergne, Peter (2005): Paths to a Green World. The Political Economy of the Global Environment. Camebridge: MIT Press. https://doi.org/10.7551/mitpress/5265.001.0001

 

Clapp, Jennifer/Helleiner, Eric (2012): International political economy and the envi-ronment: back to the basics? In: International Affairs 88 (3), 485-501. https://doi.org/10.1111/j.1468-2346.2012.01085.x

 

Deloitte Consulting Pty (Ltd). (2017): An overview of electricity consumption and pricing in South Africa. An analysis of the historical trends and policies, key issues and outlook in 2017. Report prepared for Eskom Holdings SOC Ltd. www.eskom.co.za/Documents/EcoOverviewElectricitySA-2017.pdf, 24.05.2019.

 

DoE (2018): South African Energy Sector Report. http://www.energy.gov.za/files/media/explained/2018-South-African-Energy-Sector-Report.pdf, 24.05.2019.

 

Eberhard, Anton/Kolker, Joel/Leigland, James (2014): South Africa’s Renewable Energy IPP Procurement Program: Success Factors and Lessons. World Bank Group, PPIAF Report. www.gsb.uct.ac.za/files/ppiafreport.pdf, 24.05.2019.Ehresman, Timothy G./Okereke, Chukwumerije (2015): Environmental justice and conceptions of the green economy. In: International Environment Agreements 15, 13–27. https://doi.org/10.1007/s10784-014-9265-2

 

Elsner, Carsten/Neumann, Manuel/Müller, Franziska/Claar, Simone (2020): Room for money or manoeuvre? How green financialization and de-risking shape Zambia’s renewable energy transition. Manuscript. European Investment Bank (EIB) (n/a): Climate Awareness Bonds. www.eib.org/en/investor_relations/cab/index.htm, 11.10.2020.

 

Fine, Ben (2010): Locating Financialization. In: Historical Materialism 18, 97–116. https://doi.org/10.1163/156920610X512453Fine, Ben/Rustomjee, Zav (1996): The Political Economy of South Africa. From Mineral-Energy Complex to Industrialisation. London: Hurst and Company.

 

Foster, John Bellamy (2007): The Financialization of Capitalism. In: Monthly Review 58 (11), 1-12. https://doi.org/10.14452/MR-058-11-2007-04_1

 

Frankfurt School-UNEP Centre/BNEF (2020): Global Trends in Renewable Energy Investment 2020. Frankfurt School of Finance & Management. www.fs-unep-centre.org/wp-content/uploads/2020/06/GTR_2020.pdf, 08.10.2020

 

Gabor, Daniela (2019): Securitization for Sustainability. Does it help achieve the Sustainable Development Goals? Washington, D.C.: Heinrich Böll Stiftung.

 

Gauteng Business News (2008): Finance: Denham Capital Investment in BioTherm Energy www.gbn.co.za/articles/dailynews/187.html, 06.05.2020.

 

Gruffydd Jones, Branwen (2013): Slavery, Finance and International Political Economy: Postcolonial reflections. In: Seth, Sanjay (ed.): Postcolonial Theory and International Relations. London: Routledge.

 

Hancock, Kathleen J./Vivoda, Vlado (2014): International political economy: a field born of the OPEC crisis returns to its energy roots. In: Energy Research and Social Science 1, 206–216. https://doi.org/10.1016/j.erss.2014.03.017

 

Harris, Jerry (2013): Can Green Capitalism Build a Sustainable Society? In: Inter-national Critical Thought 3 (4), 468-479. https://doi.org/10.1080/21598282.2013.852864

 

IEA (2020): The Covid-19 Crisis and Clean Energy Progress. www.iea.org/reports/the-covid-19-crisis-and-clean-energy-progress, 16.10.2020.Jessop, Bob (2017): Nicos Poulantzas on political economy, political ecology, and democratic socialism. In: Journal of Political Ecology 24, 186-199. https://doi.org/10.2458/v24i1.20794

 

Katz-Rosene, Ryan/Paterson, Matthew (2018): Thinking Ecologically about the Global Political Economy. London: Routledge. https://doi.org/10.4324/9781315677835

 

Kayatekin, Serap A. (2009): Between Political Economy and Postcolonial Theory. First Encounters. In: Cambridge Journal of Economics 33, 1113-1118. https://doi.org/10.1093/cje/bep067

 

Kuzemko, Caroline/Keating, Michael/Goldthau, Andreas (2018): Nexus-thinking in international political economy: what energy and natural resource schol-arship can offer international political economy. In: Goldthau, Andreas/Kuzemko, Caroline/Keating, Michael (eds): Handbook of the International Political Economy of Energy and Natural Resources. Northampton: Edward Elgar Publishing. 1-20. https://doi.org/10.4337/9781783475636.00007

 

Mader, Philip/Mertens, Daniel/van der Zwan, Natascha (2020) Financialization: An Introduction. In: Mader, Philip, Mertens, Daniel/van der Zwan, Natascha (eds), The International Handbook of Financialization. London and New York: Routledge, 1–16. https://doi.org/10.4324/9781315142876-1

 

Mazzucato, Mariana/Semieniuk, Gregor (2018): Financing renewable energy: Who is financing what and why it matters. In: Technological Forecasting and Social Change 127, 8-22. https://doi.org/10.1016/j.techfore.2017.05.021

 

Monk, Alexander/Perkins, Richard (2020): What explains the emergence and diffusion of green bonds? Energy Policy, Vol. 145, October 2020. https://doi.org/10.1016/j.enpol.2020.111641

 

Müller, Franziska (2017): ‘Save the planet, plant a tree!’: REDD+ and global/local forest governance in the Anthropocene. In: Resilience 5 (3), 182-200. https://doi.org/10.1080/21693293.2016.1241478

 

Müller, Franziska/Claar, Simone (2020): Auctioning a ‘Just Energy Transition’? South Africa’s Renewable Energy Procurement Programme and its Implica-tions for Transition Strategies. Manuscript.

 

Newell, Peter (2018): Trasformismo or transformation? The global political economy of energy transitions. In: Review of International Political Economy 26 (1), 25-48. https://doi.org/10.1080/09692290.2018.1511448

 

Nölke, Andreas/ten Brink, Tobias/May, Christian/Claar, Simone (2020): State Permeated Capitalism in Emerging Markets. Routledge: London. https://doi.org/10.4324/9780429261145

 

OECD (2020): Building back better: A sustainable, resilient recovery after COVID-19. Policy Responses to Coronavirus (COVID-19). www.oecd.org/coronavirus/policy-responses/building-back-better-a-sustainable-resilient-recovery-after-covid-19-52b869f5/#biblio-d1e973, 15.10.2020.

 

Peet, Richard/Robbins, Paul/Watts J. Michael (2011): Global Political Ecology. Routledge: London. https://doi.org/10.4324/9780203842249Poulantzas, Nicos (1976): The Crisis of the Dictatorships: Portugal, Greece, Spain. London: NLB.

 

Poulantzas, Nicos (2000 [1978]): State, Power Socialism. New Edition with an Introduction by Stuart Hall. New York: Verso.

 

Sandberg, Joakim (2015): Towards a Theory of Sustainable Finance. Working Paper 15/08, UNEP. www.greengrowthknowledge.org/sites/default/files/down-loads/resource/Towards_a_Theory_of_Sustainable_Finance-2015Towards_a_Theory_of_Sustainable_Finance_UNEP.pdf, 06.05.2020.

 

Schwerhoff, Gregor/Sy, Mouhamadou (2017): Financing renewable energy in Africa – Key challenge of the sustainable development goals. In: Renew-able and Sustainable Energy Reviews 75, 393–401. https://doi.org/10.1016/j.rser.2016.11.004

 

Sovacool, Benjamin (2012): The political economy of energy poverty: A review of key challenges. In: Energy for Sustainable Development 16 (3), 272–282. https://doi.org/10.1016/j.esd.2012.05.006

 

Sovacool, Benjamin (2014): What are we doing here? Analyzing fifteen years of energy scholarship and proposing a social science research agenda. In: Energy Research and Social Science 1 (1), 1-29. https://doi.org/10.1016/j.erss.2014.02.003

 

Sovacool, Benjamin (2018): Advancing the international political economy of climate change adaptation: political ecology, political economy and social justice. In: Goldthau, Andreas/Kuzemko, Caroline/Keating, Michael (eds): Handbook of the International Political Economy of Energy and Natural Resources. Northampton: Edward Elgar Publishing, 33-49. https://doi.org/10.4337/9781783475636.00010

 

Svartzman, Romain/Dronc, Dominique/ Espagned Etienne (2019): From ecological macroeconomics to a theory of endogenous money for a finite planet. In: Ecological Economics 162, 108–120. https://doi.org/10.1016/j.ecolecon.2019.04.018127

 

Takouleu, Jean Marie (2018): South Africa: Vantage Capital invests $144 Million in six wind and solar projects. Afrik 21: Green Economy and sustainable growth in Africa, 20.08.2018. www.afrik21.africa/en/south-africa-vantage-capital-invests-144-million-in-six-wind-and-solar-projects/, 06.05.2020.

 

United Nations Environmental Programme (UNEP) (2011): Towards a Green Economy. Pathways to Sustainable Development and Poverty Eradication.

 

UNEPA: Geneva. van de Graaf, Thijs/Sovacool, Benjamin K./Ghosh, Arunabha/Kern, Florian/Klare, Michael T. (2016): States, Markets, and Institutions: Integrating International Political Economy and Global Energy Politics. In: van de Graaf, Thijs/Sova-cool, Benjamin K./Ghosh, Arunabha/ Kern, Florian/Klare, Michael T. (eds): The Palgrave Handbook of the International Political Economy of Energy. P. Basingstoke: Palgrave MacMillan, 3-44. https://doi.org/10.1057/978-1-137-55631-8_1

 

Vantage Capital (n/a): Vantage Green X: Investing in a Greener World. www.vantagecapital.co.za/green-x/, 06.05.2020Waissbein, Oliver/Glemarec, Yannick/Bayraktar, Hande/Schmidt, Tobias S. (2013): Derisking Renewable Energy Investment. A Framework to Support Policy-makers in Selecting Public Instruments to Promote Renewable Energy Invest-ment in Developing Countries. New York, NY: United Nations Development Programme.

 

World Bank (2019): 10 Years of Green Bonds: Creating the Blueprint for Sustain-ability Across Capital Markets www.worldbank.org/en/news/immersive-story/2019/03/18/10-years-of-green-bonds-creating-the-blueprint-for-sustaina-bility-across-capital-markets, 11.10.2020.

International Political Economy, green economy, green finance, renewable energy, South Africa

Yurchenko, Yuliya

The Energy Sector and Socio-Ecological Transformation: Europe in the Global Context

Sprache: EnglischSeiten: 154 - 176https://doi.org/10.20446/JEP-2414-3197-36-4-154
  • Abstract
  • Literatur
  • Keywords

Transformative co-educational processes through multi-stakeholder collaboration require methods by means of which differences between participating actors can contribute to building common grounds. Transformative Learning Tours is a method that promotes movement in time and space, creating common grounds through the constant dialogue between collective reflection and practice, or praxis. This method of exchange of experiences is based on a peasant-to-peasant approach and the concept of movement as a means to strengthen human (and non-human) connections, by balancing the senses in the learning process. Inspired by the agroecological caravans in Brazil,  the tours integrate art, music, and envisioning as important elements of action research. During this process, peasants and other community members become knowledge experts, opening spaces for more horizontal dialogues. Participants critically read the past and collectively dream about a future. This article describes the Transformative Learning Tours method and how it in corporates Freirean principles. We reflect upon the scope and limitations of this method in the specific context of the Forest Stewards Network in Xalapa, Mexico. We share the method’s different stages, principles and conditions, as well as the type of facilitation and context that have enhanced this process, while positioning movement as an epistemic approach.

ASSIST 2Gather (2019): Vulnerable Consumers and Fuel Poverty Report. Report.

Blomkvist, Pär/Larsson, Jesper (2013): An analytical framework for common-pool resource–large technical system (CPR-LTS) constellations. In: International Journal of the Commons 7(1), 113–139. https://doi.org/10.18352/ijc.353

Bocquillon, Pierre/Maltby, Tomas (2020): EU energy policy integration as embedded intergovernmentalism: the case of Energy Union governance. In: Journal of European Integration 42(1), 39-57. https://doi.org/10.1080/07036337.2019.1708339

Bridge, Gavin/Gailing, Lutger (2020) New energy spaces: Towards a geograph-ical political economy of energy transition. In: Environment and Planning A: Economy and Space 52(6),1037-1050. https://doi.org/10.1177/0308518X20939570

Brunsden, Jim/Fleming, Sam/Milne, Richard (2020): Von der Leyen seeks to rally Europe behind ‘next generation’ recovery plan. In: FT. www.ft.com/content/ea010e87-4b8a-40ff-9a0c-0610d8fa3d02, 16.11.2020.

Buchan, David/Keay Malcolm (2016): EU energy policy –4th time lucky? Oxford Energy Institute. www.oxfordenergy.org/wpcms/wp-content/uploads/2016/12/EU-energy-policy-4th-time-lucky.pdf, 16.11.2020.

CEO (2016): Commission backtracks on fracking advisory group following complaint. Report. https://corporateeurope.org/en/pressreleases/2016/02/commission-backtracks-fracking-advisory-group-following-complaint, 26.11.2020.

The Energy Sector and Socio-Ecological TransformationCEO (2019): Big Oil and Gas buying influence in Brussels. With money and meetings, subsidies and sponsorships, the oil and gas lobby is fuelling the climate disaster. Report. https://corporateeurope.org/en/2019/10/big-oil-and-gas-buying-influence-brussels, 26.11.2020.

Clémençon, Raymond (2016): Sustainable Development, Climate Politics and EU-Leadership: A Historical-Comparative Analysis. In: European Journal of Sustainable Development 5(1), 125-144.

Corporate Watch (2014): Energy, rail and water privatisation costs UK house-holds £250 a year. https://corporatewatch.org/news/2014/dec/08/energy-rail-and-water-privatisation-costs-uk-households-%C2%A3250-year, 26.11.2020.

Davidescu, Simona/Hiteva, Ralitsa/Maltby, Tomas (2017): Two steps forward, one step back: Renewable energy transitions in Bulgaria and Romania. In: Public Administration 96(3), 611-625. https://doi.org/10.1111/padm.12522

Di Giulio, Antonietta/Fuchs, Doris (2017): Sustainable Consumption Corridors: Concept, Objections, and Responses. In: GAIA - Ecological Perspectives for Science and Society 23(1), 184-192. https://doi.org/10.14512/gaia.23.S1.6EC (2016): Energy Union. https://ec.europa.eu/energy/topics/energy-strategy/energy-union_en?redir=1. 20.05.2020.EC (2017) ‘EU Energy in Figures. Statistical Pocketbook’.EC (2018) Launch of the EU Energy Poverty Observatory (EPOV). https://ec.europa.eu/energy/events/launch-eu-energy-poverty-observatory-epov_en?redir=1, 16.11.2020.EC (2019a): EU Energy in Figures. Statistical Pocketbook 2019. EC.

EC (2019b): A European Green Deal. Striving to be the first climate-neutral conti-nent. https://ec.europa.eu/info/strategy/priorities-2019-2024/european-green-deal_en/, 16.11.2020.

EC (2020): Consultation on the Renewed Sustainable Finance Strategy. https://ec.europa.eu/info/sites/info/files/business_economy_euro/banking_and_finance/documents/2020-sustainable-finance-strategy-consultation-document_en.pdf, 26.11.2020.

ECOTEC (2007): The impact of the opening of electricity and gas markets on employ-ment in the EU-27, and of key EU directives in the field of energy. Summary report. www.epsu.org/sites/default/files/article/files/Main_report.pdf, 26.11.2020.

Energy Democracy/ED (2020): Principles of Energy Democracy. https://energy-democracy.net/principals/, 16.11.2020.

Energy Poverty Observatory (EPO) (2016/2020): Indicators & Data. www.energy-poverty.eu/indicators-data.EPSU (2019): Court case exposes how the European Commission has betrayed the social partners. www.epsu.org/newsletter/court-case-exposes-how-european-commission-has-betrayed-social-partners.

Euronews (2019): Green Deal ‘man on the moon moment’ for Europe. www.euronews.com/2019/12/11/green-deal-man-on-the-moon-moment-for-europe.

172Yff201fl Yff69574oh

Europarl (2009): Fact Sheets on the European Union. www.europarl.europa.eu/atyourservice/en/displayFtu.html?ftuId=FTU_2.1.9.html, 26.11.2020.

Eurostat (2020): Shedding light on energy in the EU. A Guided Tour of Energy Statistics. https://ec.europa.eu/eurostat/cache/infographs/energy/index.html, 26.11.2020.

FOEE (2019): Obscure energy treaty could thwart EU green deal. Friends of the Earth Europe. www.foeeurope.org/obscure-energy-treaty-thwart-green-deal-091219, 26.11.2020.

Fezzigna, Paola/Borghesi, Simone/Caro, Dario (2019): Revising Emission Responsi-bilities through Consumption-Based Accounting: A European and Post-Brexit Perspective. Sustainability 11(2), 488. https://doi.org/10.3390/su11020488

Foster, John Bellamy (2016): Marxism in the Anthropocene: Dialectical Rifts on the Left. In: International Critical Thought 6(3), 393-421. https://doi.org/10.1080/21598282.2016.1197787FT (2019): Europe leads the world with its climate mission. www.ft.com/content/37db6aea-1c35-11ea-97df-cc63de1d73f4, 26.11.2020.

FT (2020): How would Ursula von der Leyen’s coronavirus recovery fund work?. www.ft.com/content/ebaa7dcd-b6f7-418f-802b-7a8dbc9668f1.

Gough, Ian (2017): Recomposing consumption: defining necessities for sustainable and equitable well-being. Philosophical Transactions of the Royal Society A: Mathematical, Physical and Engineering Sciences 375. https://doi.org/10.1098/rsta.2016.0379

Gough, Ian (2020): In times of climate breakdown, how do we value what matters? In: OpenDemocracy. www.opendemocracy.net/en/oureconomy/times-climate-breakdown-how-do-we-value-what-matters/. 26.11.2020.

Hestres, Luis (2020): Opinion – Protest, Interrupted? Climate Activism During the Coronavirus Pandemic. E-IR. www.e-ir.info/2020/08/04/opinion-protest-inter-rupted-climate-activism-during-the-coronavirus-pandemic/, 26.11.2020.

Heyes, Jason/Lewis, Paul (2014): Employment protection under fire: Labour market deregulation and employment in the European Union. In: Economic and Industrial Democracy 35(4), 587-607. https://doi.org/10.1177/0143831X13491842

Hickel, Jason/Kallis, Giorgos (2020): Is Green Growth Possible? In: New Political Economy 25(4), 469-486. https://doi.org/10.1080/13563467.2019.1598964

Holmes, Ingrid/Jess, Tom/Genard, Quentin (2017): Efficiency First Scorecard: Is the EU’s Energy Union on Track? www.e3g.org/library/efficiency-first-score-card-is-the-eus-energy-union-on-track, 26.11.2020.

ILO (2014): A just transition for all: Can the past inform the future? In: Interna-tional Journal of Labour Research 6/2.Isenhour, Cindy/Martiskainen, Mari/Middlemiss, Lucia (2019): Power and Poli-tics in Sustainable Consumption Research and Practice. Routledge: London. https://doi.org/10.4324/9781315165509

IRENA (2017): Perspectives for the Energy Transition: Investment Needs for the Low-Carbon Energy System. www.irena.org/DocumentDownloads/Publica-tions/Perspectives_for_the_Energy_Transition_2017.pdf.

Kovel, Joel (2007): The Enemy of Nature: The End of Capitalism or the End of the World? London: Zed Books.Kovel, Joel/Löwy, Michael (2001): An Ecosocialist Manifesto. http://green.left.sweb.cz/frame/Manifesto.html, 01.05.2020.

Laerhoven, Frank/van, Schoon, Michael/Villamayor-Tomas, Sergio (2020): Cele-brating the 30th Anniversary of Ostrom’s Governing the Commons: Traditions and Trends in the Study of the Commons, Revisited. In: International Journal of the Commons 14(1), 208–224. https://doi.org/10.5334/ijc.1030

Lockwood, Matthew/Kuzemko, Caroline/Mitchell, Catherine/Hoggett, Richard (2017): Historical institutionalism and the politics of sustainable energy transi-tions: A research agenda. In: Environment and Planning C: Politics and Space 35, 312–333. https://doi.org/10.1177/0263774X16660561

Mabey, Nick (2017): EU 2030 Climate and Energy Package Driving the European low carbon transition. E3G. www.e3g.org/showcase/eu-2030-climate-and-energy-package/, 26.11.2020.Managi, Shunsuke (2004): Trade liberalization and the environment: carbon dioxide for 1960-1999. In: Economics Bulletin 17(1), 1-5.Malm, Andreas (2016): Fossil Capital. London: Verso.

Malm, Andreas (2017): The Progress of This Storm: Nature and Society in a Warming World. London: Verso.Marois, Thomas (2017): How Public Banks Can Help Finance a Green and Just Energy Transformation. TNI. www.tni.org/en/publication/how-public-banks-can-help-finance-a-green-and-just-energy-transformation, 26.11.2020.

Moore, Jason, W. (2015): Capitalism in the Web of Life. London: Verso.Moore, Jason, W. (2016): Name the System! Anthropocenes & the Capitalocene Alternative. https://jasonwmoore.wordpress.com/2016/10/09/name-the-system-anthropocenes-the-capitalocene-alternative/, 26.11.2020.

McAusland, Carol (2008): Globalisation’s Direct and Indirect Effects on the Environment. OECD/ITF. www.oecd.org/greengrowth/greening-trans-port/41380703.pdf, 26.11.2020.

Mellier-Wilson, Claire (2020): Convention Citoyenne pour le Climat: What can we learn from the French Citizens’ Assembly on climate change? In: Involve. www.involve.org.uk/swstatic-201223052853/swstatic-201223052853/swstatic-210105110344/swstatic-210105110344/swstatic-210407020807/swstatic-210421092722/swstatic-210421092722/swstatic-241011044445/resources/blog/opinion/convention-citoyenne-pour-le-climat-what-can-we-learn-french-citizens, 26.11.2020.

Newell, Peter/Paterson, Matthew (1998): A climate for business: global warming, the state and capital. In: Review of International Political Economy 5(4), 679-703. https://doi.org/10.1080/096922998347426174Yff201fl Yff69574oh

Oberthür, Sebastian/Kelly, Claire Roche (2008): EU Leadership in International Climate Policy: Achievements and Challenges. In: The International Spectator 43(3), 35-50. https://doi.org/10.1080/03932720802280594

Ostrom, Elinor (1990): Governing the commons: The evolution of institutions for collective action. Cambridge, MA: Cambridge university press. https://doi.org/10.1017/CBO9780511807763

Ostrom, Elinor (1994): Neither market nor state: Governance of common-pool resources in the twenty-first century. Washington, DC: International Food Policy Research Institute.Ostrom, Elinor (2010): Polycentric systems for coping with collective action and global environmental change. In: Global Environmental Change 20(4), 550-557. https://doi.org/10.1016/j.gloenvcha.2010.07.004

Ostrom, Elinor (2012): The 2012 Hayek Lecture, delivered by Professor Elinor Ostrom on ‘The Future of the Commons’, IEA. https://iea.org.uk/multimedia/video/hayek-lecture-2012-elinor-ostrom.

Pirani, Simon (2018): Burning Up. A Global History of Fossil Fuel Consumption. Pluto: London.Saheb, Yamina (2019): The Energy Charter. Assessing its geopolitical, climate and financial impacts. www.openexp.eu/sites/default/files/publication/files/ect_rapport-numerique_0.pdf.

Sen, Amartya (1993): Markets and Freedoms. In: Oxford Economic Papers. New Series 45(4), 519-541. https://doi.org/10.1093/oxfordjournals.oep.a042106Street, Paul (2016): How to Stop Capitalism’s Deadly War With Nature. Truthdig. www.truthdig.com/report/item/how_to_stop_capitalisms_deadly_war_with_nature_20160913, 21.11.2020.Sweeney, Sean/Treat, John (2017): Preparing a Public Pathway: Confronting the Investment Crisis in Renewable Energy.

TUED. http://unionsforenergydemoc-racy.org/wp-content/uploads/2017/10/TUED-Working-Paper-10.pdf, 21.11.2020.Thomas, Steve (2005): The European Union Gas and Electricity Directives. PSIRU. www.gre.ac.uk/__data/assets/pdf_file/0007/1515868/The-European-Union-Gas-and-Electricity-Directives.pdf, 21.11.2020.

Thomas, Steve (2012): Not too smart an innovation: Britain’s plans to switch consumers to smart electricity and gas meters. In: Energy & Environment 23(6&7), 1067-1074. https://doi.org/10.1260/0958-305X.23.6-7.1057

Thomas, Steve (2013): Progress with Energy Markets in Europe. A critical appraisal of the European Commission Communication. PSIRU/EPSU report. www.epsu.org/article/progress-energy-markets-europe, 21.11.2020.

Thomas, Steve (2018): Corporate performance of the Seven Brothers of the Euro-pean energy market: Then there were five. In: Utilities Policy 50, 154-64. https://doi.org/10.1016/j.jup.2018.01.002

Trebeck, Katherine/William, Jeremy (2018): The Economics of Arrival: Ideas for a Grown-Up Economy. London: Polity Press. https://doi.org/10.2307/j.ctvb1hrn9

Verbruggen, Aviel (2014): Could it be that stock-stakeholders rule transition arenas? In: Brunnengräber, Achim/Di Nucci, Maria-Rosaria (eds.): The Hurdle Race for the Energy Transition. Wiesbaden: Springer, 119-131. https://doi.org/10.1007/978-3-658-06788-5_8

Verbruggen, Aviel/Yurchenko, Yuliya (2017): ‘Positioning nuclear power in the low-carbon electricity transition’. In: Sustainability 9(1), 163. https://doi.org/10.3390/su9010163 Verbruggen, Aviel/Yurchenko, Yuliya (2019): ‘The collision of atomic and flow renewable power in decarbonization of electricity supply’. In: Reinhard Haas/Lutz Mez/Amela Ajanovic, (Eds.): The Technological and Economic Future of Nuclear Power. Springer VS. https://doi.org/10.1007/978-3-658-25987-7_4

Wall, Derek (2017): Elinor Ostrom’s Rules for Radicals. Cooperative Alternatives beyond Markets and States. London: Pluto. https://doi.org/10.2307/j.ctt1vz4931Wiedmann, Thomas/Lenzen, Manfred/Keyßer, Lorenz T. et al. (2020): Scien-tists’ warning on affluence. In: Nat Commun 11, 3107. https://doi.org/10.1038/s41467-020-16941-y

Wildauer, Rafael/Leitch, Stuart/Kapeller, Jakob (2020): How to boost the Euro-pean Green Deal’s scale and ambition. Greenwich Papers in Political Economy. https://econpapers.repec.org/paper/gpewpaper/28827.htm, 27.11.2020.

Williams, Jeremy (2018): Elinor Ostrom’s 8 rules for managing the commons. The Earthbound Report. https://earthbound.report/2018/01/15/elinor-ostroms-8-rules-for-managing-the-commons/.

Wurzel, Rüdiger/Connelly, James/Liefferink, Duncan (eds., 2016): The European Union in International Climate Change Politics. Still Taking a Lead?. London: Routledge.

Wurzel, Rüdiger/Connely James (eds., 2012): The European Union as a Leader in International Climate Change Politics. London: Routledge. https://doi.org/10.4324/9781315627199

Yurchenko, Yuliya (2020): Humans, nature, and dialectical materialism. In: Capital and Class, Symposium: Decolonising green Marxism: capitalism, decolonialism and radical environmental politics, 1-11. 25.11.2020. https://doi.org/10.1177/0309816820929123

Territory, movement, participatory action research, transformative learning, Freire

Ribeiro, Ana Beatriz

From Water to Wine: Becoming Middle Class in Angola

Sprache: EnglishSeiten: 177-180
  • Abstract

Book Review

Contact
Mattersburger Kreis für Entwicklungspolitik
an den österreichischen Universitäten
Sensengasse 3
1090 Vienna, Austria

T +43 1 317 40 17
E office@mattersburgerkreis.at
Subscribe to our Newsletter
© 2015 Mattersburger Kreis für Entwicklungspolitik an den österreichischen Universitäten | Impressum
Display: