Financial geography II – green finance and climate transition

Lai, Karen P Y

Abstract

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.

Citation

Lai, K. P. Y. (2025). Financial geography II – green finance and climate transition. Progress in Human Geography, 49(2), 215-226. https://doi.org/10.1177/03091325251315158

• Journal Article Type: Article
• Acceptance Date: Jan 3, 2025
• Online Publication Date: Jan 27, 2025
• Publication Date: 2025-04
• Deposit Date: Jan 30, 2025
• Publicly Available Date: Jan 31, 2025
• Journal: Progress in Human Geography
• Print ISSN: 0309-1325
• Electronic ISSN: 1477-0288
• Publisher: SAGE Publications
• Peer Reviewed: Peer Reviewed
• Volume: 49
• Issue: 2
• Pages: 215-226
• DOI: https://doi.org/10.1177/03091325251315158
• Keywords: green finance, climate change, environment, financial geography, sustainable finance, climate finance
• Public URL: https://durham-repository.worktribe.com/output/3357017