The Political Economy of Green Bonds in Emerging Markets

South Africa's Faltering Transition

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Palgrave Macmillan


Paru le : 2023-05-17



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Description
Funding low-carbon transitions to address climate change is one of the major challenges of our time. Green bonds have emerged as a powerful tool to enlist institutional investors’ wealth for these transitions. But despite exponential growth in many parts of the world, the green bond market in South Africa has been stalling. This book project grapples with this puzzle. Firstly, it debunks some of the promises underpinning green bond markets and traces the manifold practices undergirding its promotion. Secondly, it identifies some barriers prohibiting the expansion of green bonds in emerging markets and zooms in on the depoliticizing tendencies a transition premised on financial innovation produces. Thirdly, this work discloses the idiosyncratic political economic challenges of a fossil-based economy in transition and shines a light on the competing elements of a ‘green’ and a ‘just’ transition. It argues that the limited uptake of green bonds can best be explained by the instrument’s inability to adequately incorporate the various demands levied on South Africa’s contested transition trajectory. In so doing, this book contributes important new qualitative insights into green bond markets-in-the-making and extends political economic scholarship on finance-led transition endeavors in emerging markets.


Chapters 3 and 6 is available open access under a Creative Commons Attribution 4.0 International License via link.springer.com.
Pages
281 pages
Collection
n.c
Parution
2023-05-17
Marque
Palgrave Macmillan
EAN papier
9783031305016
EAN PDF
9783031305023

Informations sur l'ebook
Nombre pages copiables
2
Nombre pages imprimables
28
Taille du fichier
5386 Ko
Prix
116,04 €
EAN EPUB
9783031305023

Informations sur l'ebook
Nombre pages copiables
2
Nombre pages imprimables
28
Taille du fichier
1505 Ko
Prix
116,04 €

Manuel Neumann is a Research Fellow at “Glocalpower”, a research group anchored in the Department of Political Science at Kassel University, Germany. He successfully defended his PhD at University of Kassel and holds a master’s degree in Globalisation and Development from SOAS (University of London). His research features in peer-reviewed journals like the ERSS and Politics & Governance and revolves around the political economy of energy transitions in the global South more generally and green financial tools in particular.

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