Financial geography II – green finance and climate transition

This second progress report on financial geography focuses on green finance and research on financing climate transition and environmental challenges. It explores theoretical approaches to green finance, with Marxist perspectives on shifting capital-nature relations in broader regimes of capitalist accumulation that are complemented with a Foucauldian lens on biopolitical governmentality. It then examines specific forms of green financial markets and instruments, with financial geographers focusing most strongly on carbon markets, green bonds and catastrophe bonds/insurance-linked securities and the reconfiguration of risks. The final section covers governance and regulation of green finance through a growing assemblage of organisations and programmes, and the evolving roles of state actors and central banks in just climate transition.