On the coloniality of green finance: green capital landing and accumulation by decarbonization

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Authors: Raphael Deberdt, Jessica DiCarlo, Philippe Le Billon
Cited by: 1
References: 69

Abstract

Vast quantities of minerals are being extracted for the so-called “green transition”. Framed as climate solutions and motivated by geoeconomic competition, green extractive projects mobilize billions of dollars, particularly from Western and Chinese interests. Yet, such capital-intensive ventures disproportionately land in the Global South or Indigenous and agrarian territories of the Global North, reproducing (post)colonial dynamics of accumulation. Following three interlinked processes of capital landing—discursive, institutional, and operational—we show how value is produced within extractive zones by converting places, ecologies, and relations into “objects for the use of others.” Green capital landing and green financialization operate through a colonial logic, cloaking extraction in discourses of planetary salvation while perpetuating unequal geographies of sacrifice. By tracing the processes of green capital landing and accumulation by decarbonization, we argue that exposing these dynamics is essential for advancing a just energy transition.

Fields of Study & Subjects

Sustainable Finance and Green Bonds Sustainability and Climate Change Governance Sustainable Development and Environmental Policy

Publication details

Journal / source
Geoforum
Publisher
Elsevier BV
Volume
174
Pages
104670–104670
Publication date
11 May 2026
Language
EN