scholarly journals Crisis Capitalism and Climate Finance: The Framing, Monetizing, and Orchestration of Resilience-Amidst-Crisis

2021 ◽  
Vol 9 (2) ◽  
pp. 51-63 ◽  
Author(s):  
Joshua Long

Throughout the development sector there has been a pronounced call for new funding mechanisms to address the climate crisis, and much of this is focused on attracting private sources of capital to fund ‘bankable’ projects in climate-vulnerable cities throughout the world. Enacted amidst a 21st century landscape of interlocking financial, epidemiological, and ecological crises, this call features an urgent narrative of ‘resilience-amidst-crisis’ that promotes large-scale, profitable investments as a form of green growth through debt-financing. The political orchestration and administration of new funding mechanisms (particularly green bonds and sustainable bonds) requires a new form of climate governance focused on the channeling of enormous sums of private capital through an assemblage of intermediaries toward profitable climate projects. This article interrogates this trend in climate finance, revealing that the framing, monetization, and orchestration of climate projects is dependent on a narrative of crisis capitalism deeply rooted in a colonial mindset of exploitation and profit. A key aim of this article is to deconstruct the contemporary dominance of crisis-oriented development and suggest the goal of decolonizing and democratizing the climate finance system.

Leonardo ◽  
2013 ◽  
Vol 46 (2) ◽  
pp. 124-132 ◽  
Author(s):  
Marcos Lutyens ◽  
Andrew Manning ◽  
Alessandro Marianantoni

The CO2morrow art project seeks to join the forces of scientific and artistic enquiry to aid our understanding of the climate debate and how humans are affecting the atmosphere through pollution. The authors consider the combining of art with science an essential means to help science find a voice for its concerns and discoveries and for art to have more of an impact on our society and the world at large. The project has involved the fabrication of a large-scale sculpture—placed at two U.K. sites—that highlights the correspondence between carbon dioxide (CO2) emissions and damage to historic buildings through erosion and adverse weather conditions. CO2morrow has laid the groundwork for a new initiative involving global data visualization and awareness of the climate crisis on a worldwide scale.


2022 ◽  
Author(s):  
Usman Akanbi

The Covid-19 pandemic is an unforeseen occurrence that took the world by storm. Governments and businesses were unprepared, hence the large-scale impact it continuously has on the planet. It has permanently revolutionised how we live, work and interact with technology. With this new way of living, businesses and governments had to adapt to a new form of survival, and so did cybercriminals; there was a surge in cyber threats due to our newfound dependence on technology. This paper emphasises the common types of cyber threats and the targeted industries. These attacks were more successful because people were uneasy and desperate, which gave the criminals more incentive to attack businesses. To avoid being a cyber target, I have provided recommendations against future threats.


2020 ◽  
Vol 12 (1) ◽  
pp. 12-14
Author(s):  
Triya Chakravorty

The UK is in a state of change, from the political scene, to the climate crisis, to the technological revolution. These factors will not only change the world that we live in, but also our healthcare system. We are on the cusp of a new era for the NHS, and as a medical student, this novel NHS will be the one that I will work in. Naturally, this makes me wonder what this new NHS will look like, and what these changes will mean for medical students.


2021 ◽  
pp. 002234332110246
Author(s):  
Marieke Zoodsma ◽  
Juliette Schaafsma

It is often assumed that we are currently living in an ‘age of apology’, whereby countries increasingly seek to redress human rights violations by offering apologies. Although much has been written about why this may occur, the phenomenon itself has never been examined through a large-scale review of the apologies that have been offered. To fill this gap, we created a database of political apologies that have been offered for human rights violations across the world. We found 329 political apologies offered by 74 countries, and cross-nationally mapped and compared these apologies. Our data reveal that apologies have increasingly been offered since the end of the Cold War, and that this trend has accelerated in the last 20 years. They have been offered across the globe, be it that they seem to have been embraced by consolidated liberal democracies and by countries transitioning to liberal democracies in particular. Most apologies have been offered for human rights violations that were related to or took place in the context of a (civil) war, but there appears to be some selectivity as to the specific human rights violations that countries actually mention in the apologies. On average, it takes more than a generation before political apologies are offered.


2020 ◽  
Vol 117 (25) ◽  
pp. 14593-14601 ◽  
Author(s):  
Zhiyun Ouyang ◽  
Changsu Song ◽  
Hua Zheng ◽  
Stephen Polasky ◽  
Yi Xiao ◽  
...  

Gross domestic product (GDP) summarizes a vast amount of economic information in a single monetary metric that is widely used by decision makers around the world. However, GDP fails to capture fully the contributions of nature to economic activity and human well-being. To address this critical omission, we develop a measure of gross ecosystem product (GEP) that summarizes the value of ecosystem services in a single monetary metric. We illustrate the measurement of GEP through an application to the Chinese province of Qinghai, showing that the approach is tractable using available data. Known as the “water tower of Asia,” Qinghai is the source of the Mekong, Yangtze, and Yellow Rivers, and indeed, we find that water-related ecosystem services make up nearly two-thirds of the value of GEP for Qinghai. Importantly most of these benefits accrue downstream. In Qinghai, GEP was greater than GDP in 2000 and three-fourths as large as GDP in 2015 as its market economy grew. Large-scale investment in restoration resulted in improvements in the flows of ecosystem services measured in GEP (127.5%) over this period. Going forward, China is using GEP in decision making in multiple ways, as part of a transformation to inclusive, green growth. This includes investing in conservation of ecosystem assets to secure provision of ecosystem services through transregional compensation payments.


2015 ◽  
Vol 5 (8) ◽  
pp. 9-45
Author(s):  
Henry Veltmeyer ◽  
◽  
James Petras ◽  

The literature on imperialism suffers from a fundamental confusion surrounding the relationship between capitalism and imperialism. The aim of this work is to bring clarification. In the first part, we state our position regarding the capitalism-imperialism relationship; in the second, we discuss some important points in the marxist debate on imperialism; and in the third, we review the various paths imperialism has taken in Latin America under capitalist development. The central point of this work is the way that it places imperialism at the conjuncture of capitalist development, particularly extractive capitalism. This conjuncture is characterized by the decline of neoliberalism as an economic model; a growing demand for energy, minerals and other «natural» resources in the world market; and the political economy of the development of natural resources (large-scale investment to acquire lands and the natural resources they contain, the export of primary products). The key dynamic of what we call «imperialist extractivism» is analyzed in the South American context, which represents the most advanced, but regressive, form that capitalism has taken, so far, in the new milennium. Our analysis of this dynamic is summaried in 12 theses.


2021 ◽  
pp. 102452942098752
Author(s):  
Hubert Buch-Hansen ◽  
Martin B Carstensen

Competing ecopolitical projects seek to deliver answers to one of the most central questions of our time: how can the escalating climate crisis be halted? The paper asks how we may meaningfully compare ecopolitical projects that originate in fundamentally different conceptions of the type of change necessary to reach a sustainable organization of society? Using Peter Hall's paradigm approach as a starting point, the paper employs extant political economy scholarship to develop a framework that sets out four key dimensions that work as points of comparison between ecopolitical projects. The framework is applied in a comparison of the competing ecopolitical projects of green growth and degrowth to elucidate the ways in which these projects differ profoundly in terms of the extensiveness of change they envision, the actors they consider pivotal for sustainability transitions, their scientific basis and their distributional consequences.


2021 ◽  
Vol 376 (1822) ◽  
pp. 20200146
Author(s):  
Angelo Romano ◽  
Matthias Sutter ◽  
James H. Liu ◽  
Daniel Balliet

Political ideology has been hypothesized to be associated with cooperation and national parochialism (i.e. greater cooperation with members of one's nation), with liberals thought to have more cooperation with strangers and less national parochialism, compared to conservatives. However, previous findings are limited to few—and predominantly western—nations. Here, we present a large-scale cross-societal experiment that can test hypotheses on the relation between political ideology, cooperation and national parochialism around the globe. To do so, we recruited 18 411 participants from 42 nations. Participants made decisions in a prisoner's dilemma game, and we manipulated the nationality of their interaction partner (national ingroup member, national outgroup member or unidentified stranger). We found that liberals, compared to conservatives, displayed slightly greater cooperation, trust in others and greater identification with the world as a whole. Conservatives, however, identified more strongly with their own nation and displayed slightly greater national parochialism in cooperation. Importantly, the association between political ideology and behaviour was significant in nations characterized by higher wealth, stronger rule of law and better government effectiveness. We discuss the implications of these findings for understanding the association between political ideology and cooperation. This article is part of the theme issue ‘The political brain: neurocognitive and computational mechanisms’.


2019 ◽  
pp. 241-244
Author(s):  
Ming Sing

This afterword addresses how the prodemocracy community and activists have been besieged by the battle of defending Hong Kong against the perceptible erosion of its freedoms and its turn to greater authoritarianism. The Umbrella Movement of 2014 in Hong Kong shocked the world and captured global attention. Indeed, the movement has been hailed by many in the world, as so many Hong Kong people had the courage to challenge bluntly the largest dictatorial regime on earth for democracy. That said, the democracy movement has hit a bump, with Beijing not budging on democratization. What is worse, Beijing and the Hong Kong Special Administrative Region (HKSAR) government have patently tightened their control over Hong Kong's freedoms and genuine electoral contestation in the aftermath of the movement. Soon after the termination of the Umbrella Movement, Beijing doggedly stuck to its hardline policy on Hong Kong by dramatically raising the political cost for those challenging its suppression of Hong Kong's democratization. To pre-empt another large-scale Occupy Movement, Beijing and the HKSAR government have also curbed Hong Kong's press freedom and academic freedom.


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