TY - JOUR AU - Ferrando, Tomaso AU - De Oliveira Junqueira, Gabriela AU - Vecchione-Gonçalves, Marcela AU - Miola, Iagê AU - Marques Prol, Flávio AU - Herrera, Hector PY - 2021/08/14 Y2 - 2024/03/29 TI - Capitalizing on Green Debt: A World-Ecology Analysis of Green Bonds in the Brazilian Forestry Sector JF - Journal of World-Systems Research JA - JWSR VL - 27 IS - 2 SE - Research Articles DO - 10.5195/jwsr.2021.1062 UR - http://jwsr.pitt.edu/ojs/jwsr/article/view/1062 SP - 410-438 AB - <p>Green bonds represent an increasingly popular way to match “environmental sustainability,” growth, and the aspirations of global financial capital. In this article, we leverage a world-ecology approach to unpack and make sense of green bonds as public/private constructions that shape and subordinate the complex ecologies of territories to the needs of finance and reproduce the global patterns of uneven development and capitalist accumulation. Through the study of recent green bond issuances realized by private companies active in the forestry sector in Brazil, we discuss how green bonds as a “new” form of “green” debt put nature at work and transform the territories and natural elements in the global south into “temporal and spatial fixes” for the needs of global financial capital.</p> ER -