Exploiting time in Green Visions for Thailand: How Green Finance Leverages Past Infrastructure for Future Returns

Giulia Dal Maso

Tijdschrift voor Economische en Sociale Geografie, 2024, vol. 115, issue 5, 615-627

Abstract: The climate crisis calls for a reassessment of infrastructure's role in the energy transition. This urgency has catalysed an expanding green finance paradigm, which is reshaping the roles of states and private actors through the creation of green infrastructural projects. This article examines Thailand's northeast province, an emerging renewable energy hub, to explore how Cold War‐era geopolitical and military infrastructures are being repurposed as green assets. These upgrades, both technological and financial, align with reframing their historical political roles. The study reveals how infrastructure transformation involves shifts in the actors and mechanisms of financing. Once converted into green assets, these infrastructures serve as eco‐temporal fix, allowing the military junta to address political instability while promoting a green future. The article ultimately shows how speculative processes in transforming infrastructure enable financial capital accumulation and reinforce political legitimacy.

Date: 2024
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