The Limits of Green Finance in Fossil-Based Emerging Economies—Lessons Beyond South Africa

Abstract

What do the findings imply? In this chapter, I situate the seven empirical findings developed in the previous chapter within the theoretical debates around Cultural Political Economy, financialization, and Transition Studies. After grounding these findings and demonstrating their significance for debates on finance-driven transition endeavors, I zoom out into the wider implications of green bond diffusion in South Africa and beyond. In the end, I discuss potential remedies to the shortcomings of green bonds and point out avenues for further research.