Antipode· 2012Q1
Banking Nature? The Spectacular Financialisation of Environmental Conservation
- 539citations
- Q1SCImago
- 2012year
Short summary
Environmental conservation is increasingly being transformed into a financial asset class, where natural elements are redefined through banking and investment categories to create new investment frontiers.
AI-generated from the title and abstract; the full text is not read.
Key points
- Conservation is becoming a new frontier for financial investment.
- Natural elements are being redefined using banking and financial categories.
- Strategies include nature finance, nature work, nature banking, and nature derivatives.
- This financialisation is driven by the pursuit of lucrative gains and geographical substitutability.
AI-generated from the title and abstract; the full text is not read.
Abstract
Abstract: In this paper I emphasise the financialisation of environmental conservation as 1. the turning of financiers to conservation parameters as a new frontier for investment, and 2. the rewriting of conservation practice and nonhuman worlds in terms of banking and financial categories. I introduce financialisation as a broadly controlling impetus with relevance for environmental conservation. I then note ways in which a spectacular investment frontier in conservation is being opened. I highlight the draw of assertions of lucrative gains, combined with notions of geographical substitutability, in creating tradable indicators of environmental health and harm. I disaggregate financialisation strategies into four categories—nature finance, nature work, nature banking and nature derivatives—and assess their implications. The concluding section embraces Marx and Foucault as complementary thinkers in understanding the transforming intensifications of late capitalism in environmental conservation, and diagnosing their associated effects and costs.
The authors' abstract, as published at the source. Antipode, 2012 · DOI ↗
Continue with a free account
Ask the paper: 3 free questions a day about this paper; save it, get its citation, new summaries every day for your field. Takeaways are Premium.
Continue free on the webSign in with Google or Apple; no card needed. You come back to this paper.
On your phone:
Field: General Agricultural and Biological Sciences
General Agricultural and Biological SciencesAgricultural and Biological Sciences