Climate Change and Energy Transitions in a Context of Hegemonic Conflict: Argentina in the Web of Expanded Financial Valorization

Abstract

Based on global expansive dynamics of financialization, the corporate capture of both climate change and the energy transition, and the disruptive emergence of China, we analyze what the energy transition really is from the perspective of the Global South and Argentina. From the description of the main features of the corporate energy transition (TEC), we can infer the logic of “de-risking” that is imposed on countries in the Global South as the dominant criterion of what we call peripheral energy transition (TEP). Finally, the notion of an expanded financial valorization pattern is defined to characterize the modality that the TEC assumes in Argentina governed by an ultra-right political force.