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Rethinking the financialization of ‘nature’

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  • Stefan Ouma
  • Leigh Johnson
  • Patrick Bigger

Abstract

This editorial provides an analytical intervention to accompany the theme issue’s empirical papers on “Rethinking the Financialization of Nature.†The papers turn our attention towards three often neglected themes in prior research on finance and nature: (1) the frictional processes through which money leverages nature and resource-based ventures to produce more money (“Getting between M-C-M’†); (2) the role played by moralities, values, and affect in the financialization of nature and resistance levelled against it; and (3) the multiple roles of the state in mediating the circulation of finance in and through nature. We also engage with the politics of information and legitimation accompanying the financialization of nature to tease out levers for political critique. Finally, we map out a forward-looking agenda calling for research to engage more substantially with both the methodological questions accompanying the study of the financialization of nature, and the class dimensions of the process.

Suggested Citation

  • Stefan Ouma & Leigh Johnson & Patrick Bigger, 2018. "Rethinking the financialization of ‘nature’," Environment and Planning A, , vol. 50(3), pages 500-511, May.
    • Handle: RePEc:sae:envira:v:50:y:2018:i:3:p:500-511
    DOI: 10.1177/0308518X18755748
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    References listed on IDEAS

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    1. Renaud Lapeyre & Géraldine Froger & Marie Hrabanski, 2015. "Biodiversity offsets as market-based instruments for ecosystem services? From discourses to practices," Post-Print hal-01631272, HAL.
    2. Leigh Johnson, 2014. "Geographies of Securitized Catastrophe Risk and the Implications of Climate Change," Economic Geography, Clark University, vol. 90(2), pages 155-185, April.
    3. Lapeyre, Renaud & Froger, Géraldine & Hrabanski, Marie, 2015. "Biodiversity offsets as market-based instruments for ecosystem services? From discourses to practices," Ecosystem Services, Elsevier, vol. 15(C), pages 125-133.
    4. Leonard Seabrooke & Duncan Wigan, 2017. "The governance of global wealth chains," Review of International Political Economy, Taylor & Francis Journals, vol. 24(1), pages 1-29, January.
    5. Leigh Johnson, 2014. "Geographies of Securitized Catastrophe Risk and the Implications of Climate Change," Economic Geography, Taylor & Francis Journals, vol. 90(2), pages 155-185, April.
    6. Sarah Bracking, 2012. "How do Investors Value Environmental Harm/Care? Private Equity Funds, Development Finance Institutions and the Partial Financialization of Nature-based Industries," Development and Change, International Institute of Social Studies, vol. 43(1), pages 271-293, January.
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