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Climate as Investment
Author(s) -
Lohmann Larry
Publication year - 2009
Publication title -
development and change
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.267
H-Index - 93
eISSN - 1467-7660
pISSN - 0012-155X
DOI - 10.1111/j.1467-7660.2009.01612.x
Subject(s) - climate finance , investment (military) , fossil fuel , democratization , economics , politics , global warming , natural resource economics , global recession , climate change , recession , business , economic policy , political science , economic growth , macroeconomics , democracy , developing country , ecology , law , biology
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.