Financial Markets, Climate Change, and Paradoxes of Coordination and Intervention
In: Perspectives on Global Development and TechnologySearch for other papers by Georgina Murray in
Current site
Google Scholar
Search for other papers by David Peetz in
Current site
Google Scholar
While capitalism as a system follows a logic that drives it toward environmental degradation, not every corporation blindly follows. Not all capital is opposed to action on climate change as corporations have their own internal logic and agency. This divides different parts of capital. For some corporations their logic promotes long-termism and environmental sustainability as this maximizes their profit (e.g. insurance companies). So ownership and the old divisions between industrial and finance capital are less relevant as corporations become increasingly financialized. The principal cleavage on climate issues is between companies whose profits are enhanced or threatened by carbon emissions.
Purchase
Buy instant access (PDF download and unlimited online access):
Institutional Login
Log in with Open Athens, Shibboleth, or your institutional credentials
Personal login
Log in with your brill.com account
-
Bell Stephen Climate Capitalism 2015 Australia University of Queensland
-
Bell Stephen & Hindmoor Andrew Masters of the Universe but Slave of the Market: Bankers and the Great Financial Meltdown . . . and how Some Banks Avoided the Carnage 2014 Cambridge MA Harvard University Press
-
Carroll William “The Corporate Elite and the Transformation of Finance Capital: A view from Canada.” Sociological Review 2008 56 s1 44 63
-
Carroll William The Making of a Transnational Capitalist Class 2010 London Zed Books
-
Curran Ruth & Chapple Alice Overcoming the Barriers to Long-term Thinking in Financial Markets 2011 UK Friends Provident Foundation
-
Deleuze Gilles & Guattari Felix Nomadology: the war machine 1986 New York Semiotext
-
Diesendorf Mark Stilwell G. A. F. “Climate Change and the Economy.” Readings in Political Economy Economics as a Social Science 2010 Australia Pluto Press 15 18
-
Fanelli Emanuele “The Red Lines: disclose to CDP or you’re out.” Carbon Disclosure Project 2015 August 19 (https://blog.cdp.net/the-red-lines/)
-
Ferri Richard The Power of Passive Investing: More Wealth with Less Work 2010 Hoboken, NJ Wiley
-
Flannery Tim , Beale Roger & Hueston Gerry The Critical Decade: International Action on Climate Change 2012 Canberra Climate Commission Secretariat
-
Fortin Rich & Michelson Stuart Fund Indexing Vs. Active Management: The Results Are. . . . Journal of Financial Planning 1999 February 12 2 74 81 http://connection.ebscohost.com/c/articles/1570700/fund-indexing-vs-active-management-results-are
-
Fuchs Christian & Dyer-Witheford Nick “Karl Marx @ Internet Studies.” New media & Society 2012 15 5 782 796
-
Giddens Anthony The Constitution of Society: Outline of the Theory of Structuration 1984 Cambridge Polity Press
-
Harris Jerry “Transnational Capitalism and Class Formation.” Science and Society 2014 78 3 312 333
-
Harvard Association of Member Nominated Trustees “Trustees announce new approach to shareholder voting.” 2015 London AMNT Press release. 9 March
-
Held David & Hervey Angus Fane “Democracy, climate change and global governance.” Policy Network Paper 2009 London Policy Network
-
Integrity Research Associates “Grim Days Ahead for Analysts.” 2009 http://www.integrity-research.com/1424/
-
Kahneman Daniel Thinking, Fast and Slow 2011 New York Farrar, Straus and Giroux
-
Kessler Ian & Purcell John “Performance Related Pay: Objectives and Application.” Human Resource Journal 1992 2 3 16 33
-
Kotter John & Heskett James Corporate Culture and Performance 1992 New York Free Press
-
Lake Rob Financial Reform, Institutional Investors and Sustainable Development: A review of current policy initiatives and proposals for further progress 2015 Geneva United Nations Environment Programme with California Public Employees’ Retirement System
-
Liodakis George Accumulation of Capital and Uneven Development in Totalitarian Capitalism and Beyond 2010 Burlington, VT Ashgate Publishing
-
Marx Karl “On the Consequences of using Machinery under Capitalism.” International Workingmen’s Association 1868 21 pg. 382 mecw
-
Marx Karl Theories of Surplus Value 1894 3 http://www.marxists.org/archive/marx/works/1894-c3/ch15.htm%3E
-
Marx Karl Economic and Philosophical Manuscripts 1975 New York Early Writings Vintage Books
-
Mayne Stephen “Mayne: ANZ protests round out the corporate democracy season.” Crikey 2015 December 18 https://www.crikey.com.au/2015/12/18/mayne-anz-protests-round-out-the-corporate-democracy-season/
-
O’Connor James Natural Causes 1998 New York Guilford
-
Ogbonna Emmanuel Blyton Paul & Turnbull Peter “Organisation culture and human resource management: Dilemmas and contradictions.” Reassessing Human Resource Management 1992 London Sage 74 96
-
Pearse Guy Greenwash: Big Brands and Carbon Scams 2012 Melbourne Black Ink
-
Peetz David & Murray Georgina Scott John & Murray Georgina “The Financialisation of Global Corporate Ownership.” Financial Elites and Transnational Business: Who Rules the World? 2012 Cheltenham Edward Elgar 26 53
-
Peetz David & Murray Georgina Young Suzanne & Gates Stephen “Financialization of corporate ownership and implications for the potential for climate action.” Institutional Investors’ Power to Change Corporate Behavior: International Perspectives, Critical Studies on Corporate Responsibility, Governance and Sustainability 2013 Bingley, UK Emerald 99 125
-
Peetz David & Murray Georgina Sprague Jeb “Conflicts within Transnational Finance Capital and the Motivations of Climate-Interested Investors.” Globalization and Transnational Capitalism in Asia and Oceania 2015 New York Routledge 163 179
-
Peetz David , Murray Georgina & Nienhüser Werner “The New Structuring of Corporate Ownership.” Globalizations 2013 10 5 711 730
-
Philips Christopher B. The case for indexing 2010 Valley Forge, PA The Vanguard Group
-
Piketty Thomas Capital in the twenty-first century 2014 New Haven Belknap Press/Harvard University Press
-
Piketty Thomas & Saez Emmanuel “Income Inequality in the United States, 1913-1998.” The Quarterly Journal of Economics 2003 118 1 1 41
-
Robinson William I. Helsinki: UNU-WIDER Working Paper Series Global Capitalism Theory and the Emergence of Transnational Elites 2010 https://www.wider.unu.edu/publication/global-capitalism-theory-and-emergence-transnational-elites
-
Sapinski Jean Philippe “Climate Capitalism and the global corporate elite network.” Environmental Sociology 2015 1 4 268 279
-
Sklair Leslie “The Transnational Capitalist Class and Global Politics: Deconstructing the Corporate-State Connection.” International Political Science Review 2002 23 1 59 171
-
Sklair Leslie & Strauna Jason “The icon project: the transnational capitalist class in action.” Globalisations 2013 10 5 747 763
-
Sprague Jeb “Transnational capital class in the global financial crisis.” Globalisations 2009 6 4
-
Standard & Poor’s Index Versus Active Funds Scorecard for Canadian Funds 2006 August 24 New York
-
Towers Watson CEO pay in the Eurotop 100: Insights on similarities and differences in CEO pay across Europe 2014 London Towers Watson
-
UrbanDictionary “Nomad Capitalist.” 2015 http://www.urbandictionary.com/define.php?term=Nomad+Capitalist%3E
-
van der Pijl Kees Nomads Empires and States 2007 London Pluto Press
-
van der Zwan Natascha “Making sense of financialization.” Socio-Economic Review 2014 12 1 99 121
-
Vidal John , Stratton Allegra & Goldenberg Suzanne “Low targets, goals dropped: Copenhagen ends in failure.” Guardian 2009 December 19 http://www.theguardian.com/environment/2009/dec/18/copenhagen-deal
-
World Resources Institute “Scaling Our Impact in Urgent Times: WRI’s Strategic Plan 2014-2017.” 2014 Washington DC WRI http://www.wri.org/about/strategic-plan
-
Wright Christopher & Nybergab Daniel “Creative self-destruction: Corporate responses to climate change as political myths.” Environmental Politics 2014 23 2 205 223
| All Time | Past Year | Past 30 Days | |
|---|---|---|---|
| Abstract Views | 506 | 56 | 7 |
| Full Text Views | 189 | 7 | 0 |
| PDF Views & Downloads | 62 | 14 | 0 |
Financial Markets, Climate Change, and Paradoxes of Coordination and Intervention
In: Perspectives on Global Development and TechnologySearch for other papers by Georgina Murray in
Current site
Google Scholar
PubMed
Search for other papers by David Peetz in
Current site
Google Scholar
PubMed
While capitalism as a system follows a logic that drives it toward environmental degradation, not every corporation blindly follows. Not all capital is opposed to action on climate change as corporations have their own internal logic and agency. This divides different parts of capital. For some corporations their logic promotes long-termism and environmental sustainability as this maximizes their profit (e.g. insurance companies). So ownership and the old divisions between industrial and finance capital are less relevant as corporations become increasingly financialized. The principal cleavage on climate issues is between companies whose profits are enhanced or threatened by carbon emissions.
| All Time | Past Year | Past 30 Days | |
|---|---|---|---|
| Abstract Views | 506 | 56 | 7 |
| Full Text Views | 189 | 7 | 0 |
| PDF Views & Downloads | 62 | 14 | 0 |