The author would like to thank Jutta Kill, Chris Lang, Oscar Reyes, Servaas Storm and anonymous referees of Development and Change for their comments and suggestions.
Climate as Investment
Article first published online: 15 DEC 2009
© Institute of Social Studies 2009
Development and Change
Volume 40, Issue 6, pages 1063–1083, November 2009
How to Cite
Lohmann, L. (2009), Climate as Investment. Development and Change, 40: 1063–1083. doi: 10.1111/j.1467-7660.2009.01612.x
- Issue published online: 15 DEC 2009
- Article first published online: 15 DEC 2009
The climate crisis and the credit crisis have made the political issues surrounding investment and finance more critical than ever before. Proposals for ‘Green New Deals’ and the like — aimed at tackling both global warming and global recession — are streaming forth worldwide. Yet many such proposals are incoherent in that they overlook the need for an immediate start to a programme of phasing out both fossil fuels and purported fossil fuel substitutes such as nuclear power and industrial-scale agrofuels. They also tend to rely on Northern-biased conceptions of technology transfer and intellectual property that the climate crisis has helped make obsolete. To overcome these problems, future climate movements will have to focus increasingly on the democratization of research, planning and finance.