The Emergence of Municipal-Led Green Financialization of Urban Development in Sweden: An Inquiry of a New Form of Urban Entrepreneurialism
Facts
- Contact person:
- Lina Olsson
- Financer:
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- Formas
- Responsible at MaU:
- Lina Olsson
- Collaborators :
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- Dr. Özlem Çelik University of Helsinki Global Development Studies
- Time frame:
- 01 September 2022 - 31 August 2025
- Faculty/department:
- Research subject:
About the project
This project analyses the recent switch in the financing of 'green' urban development from conventional loan mechanisms to municipal debt financing in Sweden; how this trend relates to a shift from a local entrepreneurial welfare state to a green entrepreneurial one, how it is embedded within neoliberalism combined with sustainability policy. Swedish municipalities have taken a frontrunner position in issuing green municipal bonds for green urban development. Recent research has shown that while it is unclear to what extent actual green financed projects contribute to a systemic sustainability shift, little concern has been paid to the risk of unequal redistributive outcomes. Thus, the green financialization of urban development led by local states may represent a shift towards a green entrepreneurial local welfare provision signified by unequal distribution. The project examines the use of green municipal bonds in three cities in Sweden from three theoretical strands: local state theory, urban entrepreneurialism, and financialization of urban development.