Asiyanbi, A.P. orcid.org/0000-0001-7687-7894 (2018) Financialisation in the green economy: material connections, markets-in-the-making and Foucauldian organising actions. Environment and Planning A, 50 (3). pp. 531-548. ISSN 0308-518X
Abstract
This paper explores the connections between financialisation in the green economy and the material commodification processes that underpin this economy. It argues that these connections are important and can be usefully conceived in terms of spaces of mutuality. These spaces of mutuality direct attention to the material processes of value creation at the level of real environmental assets. That these material processes appear thin, sluggish, fractured, hybridised or stalled in practice invites new modes of analytical engagement. One important mode of analysing these emergent green projects is to emphasise their status as durable processes of becoming or what could be called markets-in-the-making, by going beyond forms of market and economic reductionism. Michel Foucault's analysis of neoliberalism and his idea of ‘organising actions’ prove useful in this regard. Foucauldian organising actions render markets-in-the-making projects visible as durable governmental apparatuses made of disparate elements that are geographically specific, historically contingent and are aligned with an overarching market telos. Drawing on an empirical case of Reducing Emissions from Deforestation and Forest Degradation plus carbon stock enhancement and sustainable forest management (REDD+) in Nigeria’s Cross River, the paper analyses organising actions along four meta-processes – problematisations, visions, implementation and stabilisation. It concludes by highlighting the wider implications for work on environmental financialisation.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2017 Sage Publications. This is an author produced version of a paper subsequently published in Environment and Planning A. Uploaded in accordance with the publisher's self-archiving policy. |
Keywords: | Green economy; Michel Foucault; Reducing Emissions from Deforestation and Forest Degradation plus forest enhancement and sustainable forest management (REDD+); neoliberalisation of nature; financialisation |
Dates: |
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Institution: | The University of Sheffield |
Academic Units: | The University of Sheffield > Faculty of Social Sciences (Sheffield) > Department of Politics and International Relations (Sheffield) |
Depositing User: | Symplectic Sheffield |
Date Deposited: | 06 Nov 2017 12:01 |
Last Modified: | 03 Aug 2023 09:17 |
Status: | Published |
Publisher: | SAGE Publications |
Refereed: | Yes |
Identification Number: | 10.1177/0308518X17708787 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:123428 |