Abstract:

This paper analyses the political economy of the global "green economic transition," examining the tension between ecological mitigation and capital accumulation. This paper objective is to examine to what extent do global "green economic transition" initiatives address climate changes versus serving as mechanisms for capital reallocation. Also, authors will investigate whether the “green agenda” is an economic reset and how do corporate ESG frameworks redistribute environmental liability and responsibility between industrial producers, capital markets and individual consumers. Moreover, whether the political instrumentalization of climate change scientific uncertainty to validate pushed macroeconomic models. In this paper, the authors argue that while state and market frameworks frame the green transition as an ecological reset, existing capital accumulation and reallocation primarily serve to de-risk capital, shift systemic liabilities onto retail consumers and public balance sheets, and exploit scientific uncertainty to protect global economic interests.