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Banking Nature? The Spectacular Financialisation of Environmental Conservation

Bibliographic Data

ID5765784
AuthorsSullivan (0000-0002-0522-8843, Birkbeck, University of London, corresponding author), Sian Sullivan
Year2012
Volume45
Issue1
Pages198-217
Publication date2012-03-30
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueAntipode (JOURNAL)
Journal identifiersISSN: 0066-4812 • E-ISSN: 1467-8330
PublisherWiley (PUBLISHER • GB)
DOI10.1111/j.1467-8330.2012.00989.x
OpenAlexW2140175400
LanguageEN
Citations received264
References cited67

In this paper I emphasise the financialisation of environmental conservation as 1. the turning of financiers to conservation parameters as a new frontier for investment, and 2. the rewriting of conservation practice and nonhuman worlds in terms of banking and financial categories. I introduce financialisation as a broadly controlling impetus with relevance for environmental conservation. I then note ways in which a spectacular investment frontier in conservation is being opened. I highlight the draw of assertions of lucrative gains, combined with notions of geographical substitutability, in creating tradable indicators of environmental health and harm. I disaggregate financialisation strategies into four categories-nature finance, nature work, nature banking and nature derivatives-and assess their implications. The concluding section embraces Marx and Foucault as complementary thinkers in understanding the transforming intensifications of late capitalism in environmental conservation, and diagnosing their associated effects and costs

Frontier · Investment · Relevance · Agriculture, Land Use, Rural Development · Political Economy and Marxism · Water Governance and Infrastructure

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Unique citing works264
Citations per year17,6
Citation span2011 - 2026 (16)
Citation velocitycurrent
Highly citedYes
Citation typesNeutral: 260

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