Green de-financialization: Toward a sustainable world economy?
グリーン・デファイナンシャライゼーション：持続可能な世界経済に向けて？ (AI 翻訳)
Gertjan Wijburg, Richard Waldron
🤖 gxceed AI 要約
日本語
本論文は、金融化された資本主義の下でのグリーン移行の実現可能性を批判的に検討し、金融を生産的で持続可能な投資に向け直す「グリーン・デファイナンシャライゼーション」の3つの戦略（金融の再埋め込み、ガバナンス改革、役割抑制）を提示する。国家の規制とインセンティブの重要性を強調するが、強力な金融・企業利益が障壁となると指摘する。
English
This paper critically examines the feasibility of green transition under financialized capitalism, proposing three strategies of 'green de-financialization': re-embedding finance in sustainable production, reforming financial governance, and restraining finance's role. It emphasizes the state's role in providing regulatory frameworks and incentives, but notes powerful financial and corporate interests as barriers.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本のGX政策（GX実現に向けた基本方針、GX経済移行債など）は、民間資金の動員を重視しているが、本論文は金融化された資本主義の下での投資の歪みを指摘し、単なる資金供給ではなく、金融の質的転換が必要であることを示唆する。日本の有報・統合報告書における「トランジション・ファイナンス」の議論に示唆を与える。
In the global GX context
This paper contributes to global debates on transition finance by highlighting the structural barriers posed by financialized capitalism. It challenges the assumption that market-based mechanisms alone can drive a just transition, offering a critical perspective relevant to ISSB, TCFD, and CSRD frameworks that rely on disclosure to redirect capital.
👥 読者別の含意
🔬研究者:Political economists and financial geographers will find a theoretical framework linking financialization to green transition challenges.
🏢実務担当者:Sustainability teams can use the analysis to understand systemic risks of financialized approaches to decarbonization.
🏛政策担当者:Regulators should consider the need for structural reforms beyond disclosure to redirect finance toward real-economy sustainability.
📄 Abstract（原文）
Abstract Proponents of climate and energy transition contend that productive investment in green and sustainable infrastructures can reduce global carbon emissions while at the same time unlock potential for a great surge of development. However, under the current regime of financialized capitalism, political economists and financial geographers also question whether transitioning into such a green and decarbonized world economy is actually feasible. With global profits accruing primarily through financial channels and transactions, mission-oriented investment in the real economy is lagging. Besides, global imbalances between Northern and Southern countries and continued reliance on resource use and commodity production further challenge a global and inclusive climate transition. This article addresses these challenges and presents three key avenues of green de-financialization, involving strategies to (i) re-embed finance within sustainable modes of production, (ii) reform regimes of financial governance, and (iii) restrain finance’s role in existing modes of production and consumption. Central to the analysis is that the state needs to provide regulatory frameworks and incentives to make such a change happen. However, with vested financial and corporate interests contesting the shift to global sustainability, it remains to be seen to what degree it can coordinate such a transition at the global level.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.1017/fas.2025.10006first seen 2026-05-05 19:07:09
gxceed は公開メタデータに基づく研究支援データセットです。要約・翻訳・解説は AI 支援で生成されています。 最終的な解釈・検証は利用者が原典資料に基づいて行うことを前提とします。