Questioning the ‘financialisation of nature’: influencing international policy thinking on biodiversity conservation
Submitting Institution
Birkbeck CollegeUnit of Assessment
SociologySummary Impact Type
EnvironmentalResearch Subject Area(s)
Environmental Sciences: Environmental Science and Management
Studies In Human Society: Policy and Administration
Summary of the impact
Dr Sian Sullivan's research, which challenges neoliberal approaches to
biodiversity conservation policies, has been used by environmental
policy-makers and advocacy groups internationally to show that
contemporary trends in environmental policy development may intensify
socio-economic inequality and increase the loss of biological diversity
arising from economic development and commercial enterprises. A conference
paper presented in 2010 became a major focus of the debate about the
tendency towards `financialising nature'. Since then Sullivan's research
has been seen as a source of grounded critique of neoliberal conservation
policies. Several environmental advocacy organisations have used her work
to support their campaigns, and she has been invited to contribute to
high-level international policy forums concerned with biodiversity
conservation.
Underpinning research
Interest in Sullivan's research amongst environmental activists and
policy advisors was provoked by a paper presented at the international
conference, A Brief Environmental History of Neoliberalism, at
Lund University, Sweden in May 2010, and then published on the conference
website, on her own website, and as an article in a peer reviewed journal
(ref. 1). In the paper, she argued that constructions of nature as
`natural capital' and as the provider of `ecosystem services', which are
becoming part of biodiversity and conservation discourses, are enabling
commercial and financial companies to make problematic `green grabs' for
newly created `values' associated with non-human nature. As such,
market-based approaches to biodiversity conservation may be increasing
social and economic displacement and inequality, and may also contribute
to development-led biodiversity loss. Her analysis has drawn on approaches
in economic sociology that engage with the ways that new calculative
devices transform previously uncommodified elements of `nature' into new
tradable commodities such as `species credits', carbon credits and
`biodiversity offsets' (refs. 1, 2, 3 and 5).
Sullivan's research in this area began with her PhD at University College
London in 1993, and has continued at Birkbeck since 2007. It is rooted in
a longstanding critical interest in:
1) neoliberal approaches to environmental conservation, which tend to
focus on privatisation strategies, forms of de- and re-regulation, and the
creation of new tradable `commodities';
2) the ways that local communities in the developing world, and civil
society organisations generally, respond to and remake conservation
initiatives based on neoliberal priorities.
Through theoretical work, fieldwork, and discourse analysis of policy
texts produced by NGOs, governments, and business and financial
organisations, she has exposed how discourses in biodiversity conservation
management are increasingly dominated by financial terms, categories and
assumptions. She has pointed to the potential of these changes to
intensify inequities through turning the natural environment into new
forms of alienable property that may be taken over by elites. In
particular, she has shown that the dominance of market economics in
frameworks for determining value has resulted in the subjugation of other,
non-economic, ways of defining value, particularly those associated with
indigenous peoples and specific place-based use and value practices.
Sullivan has established research networks aimed at enhancing
understandings of the socio- economic displacements that are occurring
through these conservation strategies. Through a workshop in May 2008,
funded by the Wenner-Gren Foundation for Anthropological Research
and on which she was a Co-Investigator, she set up a network of
researchers, practitioners and activists concerned with the environmental
justice implications of biodiversity conservation policy and practice (see
source 3). With colleagues in an AHRC-funded international research
network on Spectacular Environmentalisms (2010-11), she developed
a website to enhance public engagement with media representations of
wildlife and `nature' (source 4). She has been part of an international
group of scholars pioneering the analysis of `neoliberal conservation' -
the conservation of nature conducted through the expansion of capitalist
market forms of value — a distinct form of what has become known in
sociology, geography, political science and environmental anthropology as
the `neoliberalisation of nature' (ref. 4).
Sullivan's expanding base of critical research on neoliberal conservation
policy and its impact on local communities has, since her conference paper
in 2010, become an important and authoritative resource for environmental
activists and policy advisers.
References to the research
1. Sullivan, S. 2013 `Banking nature? The spectacular
financialisation of environmental conservation' Antipode 45
(1):198-217. This article is closely based on the paper given at the Lund
conference 2010 which is now available on Sullivan's own website (See
corroborating source 1 in section 5)..
2. Sullivan, S. 2010 `Ecosystem service commodities — a new
imperial ecology? Implications for animist immanent ecologies, with
Deleuze and Guattari' New Formations: a Journal of
Culture/Theory/Politics 69: 111-128, Special issue entitled Imperial
Ecologies.
3. Sullivan, S. with Pawliczek, J. 2011 `Conservation and
concealment in SpeciesBanking.com, US: an analysis of neoliberal
performance in the species offsetting industry' Environmental
Conservation 38(4): 435-444. Themed Issue on Payments for Ecosystem
Services.
4. Büscher, B., Sullivan, S., Brockington, D., Igoe, J.
and Neves, K. 2012 `Towards a synthesized critique of neoliberal
conservation' Capitalism, Nature, Socialism 23 (2): 4-30.
5. Sullivan, S. 2013 `After the green rush? Biodiversity offsets,
uranium power and the "calculus of casualties" in greening growth' Human
Geography 6(1):80-101.
Research grants:
• June-July 2008 On Bioculturalism and Shamanic Landscapes: Andes and
Amazon Experiences. (£3,000) fieldwork grant from Department of
Geography, Birkbeck.
• 2008 Problematizing Neoliberal Biodiversity Conservation: displaced
and disobedient knowledge. Research grants from the Wenner-Gren
Foundation for Anthropological Research (US $15,000) and the International
Institute for Environment and Development (IIED), London (£4,000). Co-held
with James Igoe, Dartmouth College, USA.
• 2010-2011 Spectacular Environmentalisms: Media, Celebrity and the
Environment, an AHRC research network (AH/H039279/1) of which Dr
Sullivan was a core member.
• 2012-2016 Human, Non-Human and Environmental Value Systems: An
Impossible Frontier funded by the Leverhulme Trust (full award,
£587,269; RP2012-V-041). With colleagues at Manchester University,
Dartmouth College, USA, and the Centre for Civil Society, University of
KwaZulu-Natal, South Africa. Sullivan is Co-Investigator
Details of the impact
Sullivan's research has effectively challenged the increasing consensus
that the `financialisation of nature' is a way of addressing environmental
problems, and has provided a widely used source of information and
argument for critics campaigning against this approach. Sullivan's
conference presentation at Lund University, Sweden in May 2010, published
on the conference website and subsequently as `Banking nature?'
(ref. 1), was quickly syndicated to environmental policy and advocacy
websites. On Sullivan's own website alone it has been viewed 1,195 times
since June 2010.
Since the Lund conference, Sullivan's research has steadily filtered
into, and informed discussions on, `the financialisation of nature' among
campaigners and policy advisers, as evidenced in links to the conference
paper from a number of policy and advocacy websites (source 1). The
paper became a focus for online discussion facilitated by the Capital
Institute on the theme `Can nature be monetized?'. Participants
included renowned policy advisors on market-based approaches to
environmental management, such as: the head of the EU/UN programme on The
Economics of Ecosystems and Biodiversity (TEEB), Pavan Sukhdev; ecological
economist, Robert Costanza; and the President and CEO of Ethical Markets
Media, economist Hazel Henderson (source 2). In addition, the
campaign website Just Conservation, which Sullivan helped set up,
is cited by policy and popular forums, including International Union for
Conservation of Nature, Samburuwatch, and Stop Thomson Safaris (source
3). The research-based site for students of environmentalism,
biodiversity and conservation, Studying Green, established by
Sullivan and colleagues in October 2011, has received 17,451 views, with
an essay by Sullivan, `Going Beyond `the Money Shot' receiving one
of the highest number of views (933) (source 4).
Sullivan's work is increasingly used as a source of material for critical
thinking about the `financialisation of nature' as a form of environmental
management. In March 2012, she was one of a small number of academics to
be invited to participate in a high-level policy Dialogue Seminar on
`Biodiversity and Finance' in Quito, Ecuador, run by the Secretariat for
the UN Convention on Biological Diversity (CBD) and partners and involving
several hundred policy makers from around the world. Organised to inform
the international policy process for the CBD, the seminar brought together
a range of international participants including: government negotiators;
representatives of key financial organisations such as the World Bank; and
representatives of international advocacy organisations, including the
Third World Network (TWN). Sullivan's Banking Nature? article
(ref. 1) and other academic work, were amongst the texts selected by the
conference organisers to inform policy debate and awareness in this area (source
5).
The TWN then invited Sullivan to write a booklet, `Financialisation,
biodiversity conservation and equity' about financing mechanisms in
environmental policy (source 6). This has been available online
since June 2012 and downloaded 1,891 times (as of 31 July 2013), and the
TWN has also translated a summary of the booklet into Spanish to make it
available to South American audiences. Some 480 copies have been
distributed by the TWN at international environmental policy-making
meetings including:
- to stakeholders at major international environmental meetings leading
up to the Rio+20 Earth Summit in June 2012;
- at working group meetings of the United Nations Framework
Convention on Climate Change (UNFCCC) (e.g. the Bonn UNFCCC
Climate Change Conference, May 2012);
- at UN CBD meetings (including at the 4th Ad Hoc Open-Ended
Working Group on Review of Implementation of the Convention (WGRI)
in Montreal, May 2012);
- and at NGO strategy meetings on finance and development.
Subsequently, the booklet has been referred to in a United Nations CBD
Discussion Paper, Safeguards for Scaling-up Biodiversity Finance and
Possible Guiding Principles, for the 11th Conference of Parties to
the UN CBD in Hyderabad, October 2012. It is also listed as one of four
sources of `knowledge and reflections on the subject of the
financialization of nature' in a special issue (#181, August 2012) of the
World Rainforest Movement newsletter on the `financialisation of nature'
(reproduced at Climate Connections, the blog of the Global Ecology
Justice Project) (source 7).
Sullivan's contribution to the understanding of market-based approaches
to biodiversity conservation has also been recognised and reinforced by
the environmental think-tank, the Green House, which commissioned her to
write a policy report (co-authored with Dr Mike Hannis, editor of The
Land Magazine) on DEFRA's biodiversity offsetting policy: Offsetting
Nature? Habitat Banking and Biodiversity Offsets in the English Land Use
Planning System (Dorset: Green House 2012) (source 8). This
report has received many media citations, including as the first item of
the `Conservation News' section of British Wildlife Magazine
(24(1) 10/2012) and in The ENDS Report (the online professional
journal for environmental policy and business, no 459, May 2013).
Consequently, Sullivan was interviewed as an expert informant in the
preparation of a UK Parliamentary Office for Science and Technology policy
briefing POSTnote on biodiversity offsetting and planning (October
2012) which references her work (source 9).
Recognition of Sullivan's expertise in relation to the development of new
markets in units of biodiversity conservation is evident in the interest
in her research among broadcast and press journalists, including in British
Wildlife Magazine, The Ends Report and Yale Environment
360. She has been interviewed for an episode on carbon trading in
the Costing the Earth series, BBC Radio 4 (broadcast 17 March
2011), and acted as an advisor for Channel 4's Dispatches on
`Conservation's Dirty Secrets' (broadcast 20 June 2011).
Most recently the impact of Sullivan's research is evidenced by an
invitation from the UN Secretariat for the Convention on Biological
Diversity and the Norwegian Government (Directorate for Nature Management)
to speak on a high-level plenary panel on Trade-Offs in National
Policies at the 7th Trondheim Conference on Biodiversity
(May 2013), to an audience of around 300 (source 10). This
invitation-only event was directed at policymakers and experts in
biodiversity and economic planning. As an indication of the standing of
this invitation, other panel members included Sir Robert Watson, Co-Chair
of the UK National Ecosystem Assessment, Pavan Sukhdev, leader of the UN
programme on The Economics of Ecosystems and Biodiversity, and senior
officials from the World Bank, UNDP, OECD and the environmental ministries
of Bolivia and Guatemala. Since then, and following publication of a blog
piece for the academic Public Political Ecology Lab (March 2013),
the continuation of Sullivan's research impact is demonstrated by an
invitation to write for the public blog of the international policy
network, the Green Economy Coalition (with 36 tweets from this site since
publication in July 2013) (source 11).
Sources to corroborate the impact
- Sullivan's Lund conference paper on Sian
Sullivan's website (where it registered 1180 downloads between
June 2010 and July 2013) was linked to from policy and advocacy websites
including: The
Energy Bulletin of the Post Carbon Institute; Vancouver
Island Watch Coalition; and Mostly
Water.
- Capital Institute online policy discussion in 2010 `Can
nature be monetized?
- Campaign website Just
Conservation is cited by policy and popular forums, including International
Union for Conservation of Nature, Samburuwatch
and Stop
Thomson Safaris.
- The research-based
study site (Studying Green) established by Sullivan and
colleagues, and including an essay by Sullivan.
- Secretariat of the Convention on Biological Diversity website
for Dialogue Seminar in Quito, Ecuador, on `Biodiversity and Finance'
links to Sullivan's academic and policy publications (see sections 4.2
& 7).
- Sullivan's commissioned booklet for the Third
World Network (with a summary
in Spanish).
- The reference to Sullivan's booklet in: a) the
UN CBD discussion paper; and b) the World Rainforest Movement newsletter
on the 'financialisation of nature' , with the blog link here.
- Sullivan and Hannis's policy report on DEFRA biodiversity offsets
policy commissioned by Green
House.
- References to this and to Sullivan with Pawliczek (2011) (ref.3) can
be found in the UK Parliamentary Office for Science and Technology POSTnote
429 on Biodiversity Offsets and Planning, with references listed here.
- Reporting from the Trondheim
Conference on Biodiversity (05/2013) with evidence of Sullivan's
plenary panel contribution.
- Public blog piece for the Green Economy Coalition is here
(The invitation to write this was stimulated by Sullivan's 03/13 blog
piece on the Public
Political Ecology Lab).