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- DescriptionAnthropogenic climate change poses a grave threat to societies around the world. The greenhouse gases that generate climate change are produced by virtually every sector of every ecomy. The predominant response of governments around the world is to mitigate climate change through the capping and trading of emissions. This book explores the establishment of emissions trading as a form of environmental, market-based governance in the United States, Europe, Australia, South Korea, Japan, and China. The book conceptualizes markets as institutions, and analyzes them as a system of climate governance. To this end, it argues that international efforts to promulgate markets run up against local cultures of markets that shape ecomic practices and kwledge to different degrees. While the global agenda under the United Nations Framework Convention on Climate Change has sought to develop similar systems to enable interconnected and synchronized emissions reductions, each of the cases analyzed here has produced different results. The markets and climate policies established reflect the syncretic impact of socio-political and cultural context on the institutional transfer of markets. Each country expresses a varying degree of ease or unease with the establishment of markets as systems of climate governance. Exploration of market adaptation adds new insights to theories of varieties of capitalism. The book also examines the material implications of emissions markets on the environment and climatic systems. In sum, the study finds that cultures of markets present a substantial challenge to a universalist prescription for resolving climate change and highlights issues at the interface of political and ecomic governance in different political ecomies. This includes issues of citizen, state, and industry participation, and the materiality of ecomic and financial productivity.
- Author BiographyJanelle Knox-Hayes is the Lister Brothers Associate Professor of Economic Geography and Planning in the Department of Urban Studies and Planning at the Massachusetts Institute of Technology. She holds a visiting research fellowship at the Smith School of Enterprise and the Environment at Oxford University. Her research focuses on the ways in which social and environmental systems are governed under changing temporal and spatial scales as a consequence of globalization. Janelle has been the recipient of an SSRC Abe Fellowship for study of environmental finance in the Asia-Pacific and a Fulbright Fellowship for study of sustainable decision-making in Iceland. Janelle is the author of a number of peer-reviewed works in prestigious journals and presses. She serves as an editor of the Cambridge Journal of Regions, Economy and Society.
- Author(s)Janelle Knox-Hayes
- PublisherOxford University Press
- Date of Publication03/06/2016
- SubjectGeography & Earth Science: Textbooks & Study Guides
- Place of PublicationOxford
- Country of PublicationUnited Kingdom
- ImprintOxford University Press
- Content Noteillustrations
- Weight644 g
- Width161 mm
- Height241 mm
- Spine24 mm
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