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来源类型Article
规范类型其他
DOI10.3390/su10072529
ISBN2071-1050
Impacts of the fossil fuel divestment movement: effects on finance, policy and public discourse.
Bergman, Noam
发表日期2018-07-19
出处Sustainability
出版者MDPI
出版年2018
页码25291 1-18
语种英语
摘要The fossil fuel divestment movement campaigns for removing investments from fossil fuel companies as a strategy to combat climate change. It is a bottom-up movement, largely based in university student groups, although it has rapidly spread to other institutions. Divestment has been criticised for its naiveté and hard-line stance and dismissed as having little impact on fossil fuel finance. I analyse the impact of divestment through reviewing academic and grey literature, complemented by interviews with activists and financial actors, using a theoretical framework that draws on social movement theory. While the direct impacts of divestment are small, the indirect impacts, in terms of public discourse shift, are significant. Divestment has put questions of finance and climate change on the agenda and played a part in changing discourse around the legitimacy, reputation and viability of the fossil fuel industry. This cultural impact contributed to changes in the finance industry through new demands by shareholders and investors and to changes in political discourse, such as rethinking the notion of ‘fiduciary duty.’ Finally, divestment had significant impact on its participants in terms of empowerment and played a part in the revitalisation of the environmental movement in the UK and elsewhere.
特色分类HG4501 Investment, capital formation, speculation$HM Sociology
关键词divestment fossil fuels impact social movements environmental movements stranded assets activism climate action
URLhttp://sro.sussex.ac.uk/id/eprint/77553/
来源智库Science Policy Research Unit (United Kingdom)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/469094
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Bergman, Noam. Impacts of the fossil fuel divestment movement: effects on finance, policy and public discourse.. 2018.
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