Algorithms and the Anthropocene: Finance, Sustainability, and the Promise and Hazards of New Financial Technologies

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Abstract

This paper addresses how high frequency trading in financial markets is increasingly discursively related to climate change and producing peculiar iterative patterns of accommodation and reinforcement of climate change. Stock market trades have accelerated at a rate at which shares change hands in microseconds. This increases the risk of systemic crises. I examine the ways in which high frequency trading both reconfigures the dynamics of finance and changes the global financial system in different spatio-temporal ways, as well as produces political ecologies of engagement, divergence, and convergence between the financial and Earth Systems. Accordingly, I examine technological change and algorithmic strategies at stock exchanges. By analyzing algorithmic strategies I interrogate the connections between algorithms at stock exchanges and the environment, and how algorithmic financialization intersects the Anthropocene debate. The analysis explains the nature of high frequency trading strategies and market responses to natural disasters, tsunamis, typhoons, draught and wild fires. In the final section I discuss whether algorithmic economies singularly contribute to worsening environmental crises and how financial investment algorithms may adapt to climate change.
OriginalsprogEngelsk
Publikationsdato3 apr. 2019
StatusUdgivet - 3 apr. 2019
Begivenhed American Association of Geographers: Annual Meeting - Wardman Park/Omni Shoreham, Washington, USA
Varighed: 3 apr. 20197 apr. 2019
http://www.aag.org/cs/events/event_detail?eventId=1259 (Link til konference)

Konference

Konference American Association of Geographers
LokationWardman Park/Omni Shoreham
LandUSA
ByWashington
Periode03/04/201907/04/2019
Internetadresse

Emneord

  • Anthropocene
  • financial markets
  • algorithms
  • natural disasters
  • algorithmic economies
  • nature and space

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