Capital, the State and Climate Change in Aotearoa

Financing a Climate-Uncertain Future

Image via Shutterstock, ID 729207544.

This project aims to explore interpretations of resilience within Australia’s finance and governance sectors. Spearheaded by the Rockefeller Foundation, the concept and framework of urban resilience has steadily rolled out across policy and finance sectors across the world. Despite these efforts, an ever-growing infrastructure gap remains, and demands the right tools and metrics to finance a climate-uncertain future. Current policy and financial tools, therefore, must be thoroughly evaluated in order to bridge this gap.

Traditional approaches to financing climate resilience tend to neglect the more complex features of climate change, favouring a more short-term, narrow lens on the dynamic phenomenon. Within the literature, policy work on resilience seems to lack a place-based sensitivity and has alluded to stem from a lack of community participation.

Despite much excellent work on the infrastructure gap, scholars examining climate finance have not yet fully explored the importance of long-term horizon planning. In contrast to their European peers, the recent emergence of climate finance in the Australian context places additional urgency on the existing local knowledge gap. This project will draw from scholarly articles and semi-structured interviews in order to shed light on the existing international and domestic systems created to bridge this gap.

This Honours thesis project is being led by Sarah Chow, a 2020 Honours Research Fellow with the Sydney Environment Institute. It will be completed under the supervision of Dr Sophie Webber, Lecturer in Geography at the School of Geosciences.