Work

Exploiting time in Green Visions for Thailand: How Green Finance Leverages Past Infrastructure for Future Returns

Year: 2024

Type: article

Abstract: The climate crisis calls for a reassessment of infrastructure's role in the energy transition. This urgency has catalysed an expanding green finance paradigm, which is reshaping the roles of states and private actors through the creation of green infrastructural projects. This article examines Thailand's northeast province, an emerging renewable energy hub, to explore how Cold War‐era geopolitical and military infrastructures are being repurposed as green assets. These upgrades, both technological and financial, align with reframing their historical political roles. The study reveals how infrastructure transformation involves shifts in the actors and mechanisms of financing. Once converted into green assets, these infrastructures serve as eco‐temporal fix, allowing the military junta to address political instability while promoting a green future. The article ultimately shows how speculative processes in transforming infrastructure enable financial capital accumulation and reinforce political legitimacy.

Source: Tijdschrift voor Economische en Sociale Geografie

DOI: 10.1111/tesg.12660

Author: Giulia Dal Maso

Institution: Ca' Foscari University of Venice

Language: English

Topic: Sustainable Finance and Green Bonds

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Industry, innovation and infrastructure, Climate action, Peace, justice, and strong institutions, Sustainable cities and communities

Open Access status: hybrid

Estimated APC paid: $3,730