Bridging “green” asymmetries through crises

The article examines the first Chinese green bond issued in Europe to explore how a green bond is created and how it can be issued across boundaries. Raising questions of ???green??? valuation at multiple scales, it follows the way the bond???s proceeds hit the ground in Portugal, refinancing wind farms previously built under a Feed in Tariff (FiT) regime. It shows how if on the one hand green bonds are designed as abstract and fungible instruments, then on the other they are spatially situated and predicated upon the larger dynamic of global financial accumulation with its recurrent and contingent crises. In this context, the rush over renewables intersects with expansive Chinese financial monetary policy and the EU austerity process.