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100			_aChristophers, Brett _957320
245			_aStretching scales? Risk and sociality in climate finance/
260			_bSage, _c2020.
300			_aVol. 52, Issue 1, 2020 ( 88–110 p.)
520			_aThe heterodox literature on financial risk has in recent years focused predominantly on how risk is distributed, and on the market instabilities and social inequalities that different risk distributions seed. Typically much less discussed is the constitution of financial risk, which is this article’s concern. Drawing empirical examples from two climate financial instruments, its particular interest is in the changing scale – social, spatial and temporal – of the “risk pools” associated with different financial products: the populations across which the products in question serve to aggregate underlying risk. The article explores how, against a historical backdrop of four decades of scale compression in the shape of risk individualization under neoliberalism, certain novel climate financial products seemingly indicate a contrary stretching of the risk pool. The article critically examines sovereign catastrophe insurance pools and green (climate) bonds, highlighting both the significance of the stretching that they effect but also the tensions and limits apparent in this emergent dynamic.
700			_aBigger, Patrick _957321
700			_aJohnson, Leigh _957322
773	0		_08877 _917103 _dLondon Pion Ltd. 2010 _tEnvironment and planning A _x1472-3409
856			_uhttps://doi.org/10.1177/0308518X18819004
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999			_c14383 _d14383