Description
The green transition is being shaped by global financial capitalism, shaped by market-based finance, reflecting the dollars’ hegemony. Green transition policymaking and economic governance regimes are refracted through these market-financial logics; structuring institutions, constructing policymaking opportunities, and distorting development pathways.
Although hegemonic, these processes are uneven, contradictory and unequal. The focus of this study is to explore how these macro processes, manifest in the form of international financial subordination (IFS), operates in the Global South in the context of the green transition. Seated in critical political economy, this study zooms in on the cases of critical mineral mining in Bolivia and renewable energy in Kenya, deploying (secondary) empirical data and primary data from elite interviews. Doing so, it explores several complimentary themes around critical finance and the green transition, including the positionality of countries/sectors in the green transition, the financial structures shaping these processes, and the tensions between IFS and sustainable development.
In exploring these themes, this research will continue improving understanding on the nexus between finance and the climate crisis, the uneven ways a global green transition looks set to be delivered, and the risks this poses to the global response to the climate crisis.
