Disaster Capitalism: An Analysis of Financial Networks and Speculative Market Dynamics in the Climate Crisis (Disaster Capitalism: An Analysis of Financial Networks and Speculative Market Dynamics in the Climate Crisis)

Nurwahid, Arulfalah

Jurnal Ekonomi, Teknologi dan Bisnis
Vol. 4 No. 2 (2025): Jurnal Ekonomi, Teknologi dan Bisnis

The global climate crisis has become a new frontier for capitalist expansion through disaster-based speculative markets. This study aims to analyze how global financial networks and instruments such as catastrophe bonds and carbon credits are utilized to accumulate capital from climate uncertainty. Employing a qualitative approach with a critical case study design, data were collected through in-depth interviews, participatory observation, and document analysis of policy and financial reports. The findings reveal that disaster capitalism exacerbates adaptation inequality between developed and developing countries and distorts climate policy responses through risk narratives manipulated for financial gain. These insights highlight the urgent need for community-based alternatives and equitable global regulation to ensure a just and sustainable climate response.