Tag Archives: financialisation

Mega-infrastructure as “structural adjustment 2.0”

By Antonio Tricarico, Re:Common, Italy and Xavier Sol, Counter Balance, Brussels, and previously published by Heinrich-Böll-Stiftung North America. The revived love for mega-infrastructure at the time of the crisis The Group of 20 (G20) is promoting a new global programme for mega-infrastructure as one of the key antidotes for sluggish growth. Encouraged by the G20, […]

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The Natural Capital Financial Facility – A window into the “green” economy

This paper aims to build an understanding of how shifting funds from public grants towards financial mechanisms occurs  and  what  is  lost  in  the  process.  To  this  end  the Natural  Capital  Financial  Facility  (NCFF)  is  examined  due  to  its  fledgling  stage  which  will  be  tracked  in  the coming years. The NCFF has followed a trend […]

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Banking on forests

The European Investment Bank’s belief in financial alchemy to fix the climate crisis: The case of the Althelia Climate Fund The European Investment Bank is at the forefront of carbon market development through its support for REDD+ via the Althelia Climate Fund. Given the impact of REDD and REDD+, this paper argues that the EIB’s […]

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Biodiversity offsetting, making dreams come true

Biodiversity offsetting makes dreams come true. It is the license that can make bad developers’ dreams a reality. Across the world offsets already justify the destruction of irreplaceable ecosystems to make way for mining projects, motorways, pipelines … Europe is the new frontier for biodiversity offsets.The European Union is considering new legislation that permits biodiversity […]

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The Great Nature Sale (Carbon Credit 3)

Putting a price on nature is the only way to save it, we are told by banks, companies and governments. Only then we can measure its value and only what’s measurable can be protected. That is perhaps the most imperative consequence of financialisation, it allows for only one pair of glasses to look at world […]

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Offsetting is a massive threat to wildlife, warn environmental groups

Biodiversity offsetting is already being used by developers to justify schemes that will cause irreversible harm to nature, warn over 15 environment groups across the world today (Monday 2 June 2014), ahead of a major biodiversity offsetting conference in London this week.[1] The conference – “To No Net Loss of Biodiversity and Beyond” on 3 and 4 June[2] –will […]

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