The "Finance‐Extraction‐Transitions Nexus": Geographies of the Green Transition in the 21st Century

Main author: Franz, Tobias
Other authors: McNelly, Angus
Format: Journal Article           
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id eprints-41866
recordtype eprints
institution SOAS, University of London
collection SOAS Research Online
language English
language_search English
description The hegemonic understanding of the green transition will require a massive surge in mineral extraction. We contend that this entails wider, radical shifts in 21st century financialised capitalism. While there has been increasing critical interest in the role of finance capital in development, the links between finance, extraction, and the green transition have been largely overlooked. We fill this gap by arguing that the green transition, understood as a transformation of global capitalism, is marked by new rounds of appropriation, exploitation, and extraction, (re)producing dependencies for resource‐rich Global South countries. These emergent geographies of the green transition are best evaluated through what we call the “finance‐extraction‐transitions nexus”. The nexus highlights the interplay between finance capital, mineral extraction, and the material, socio‐economic, and environmental implications of the green transition. This provides new ways to theoretically, conceptually, and methodologically engage with resource extraction and the green transition in the age of financialised capitalism.
format Journal Article
author Franz, Tobias
author_facet Franz, Tobias
McNelly, Angus
authorStr Franz, Tobias
author_letter Franz, Tobias
author2 McNelly, Angus
author2Str McNelly, Angus
title The "Finance‐Extraction‐Transitions Nexus": Geographies of the Green Transition in the 21st Century
publisher Wiley
publishDate 2024
url https://eprints.soas.ac.uk/41866/