Journal ArticleDOI
Subprime catalyst: Financial regulatory reform and the strengthening of US carbon market governance
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The 2008 financial crisis has had an important, but neglected, impact on carbon market governance in the United States as discussed by the authors, and it acted as a catalyst for the emergence of a domestic coalition that drew upon the crisis experience to demand stronger regulation over carbon markets.Abstract:
The 2008 financial crisis has had an important, but neglected, impact on carbon market governance in the United States. It acted as a catalyst for the emergence of a domestic coalition that drew upon the crisis experience to demand stronger regulation over carbon markets. The influence of this coalition was seen first in the changing content of draft climate change bills between 2008 and 2010. But the coalition's more lasting legacy was its role in shaping the content of, and supporting, the passage of the Wall Street Reform and Consumer Protection Act (the Dodd–Frank bill) in July 2010. Although that bill was aimed primarily at bolstering financial stability, its derivatives provisions strengthened carbon market regulation in significant ways. This policy episode demonstrates new patterns of coalition building in carbon market politics as well as the growing links between climate governance and financial regulatory politics. At the same time, the significance of these developments should not be overstated because of various limitations in the content and implementation of the Dodd–Frank bill, as well as the waning support for carbon markets more generally within the US since the bill's passage.read more
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Applied mobilities, transitions and opportunities
TL;DR: The mobilities paradigm has, during the last decade, proven its usefulness in investigating how the socio-material mobilities of modern societies have transformed fundamental aspects of social inte... as mentioned in this paper.
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Rendering Climate Change Governable in the Least-Developed Countries: Policy Narratives and Expert Technologies in Cambodia
TL;DR: In this paper, the role of policy narratives and expertise in the rendering of climate change governable in the so-called least-developed countries (LDCs) is discussed.
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Risks and political responses to climate change in Brazilian coastal cities
TL;DR: In this article, the authors investigated whether climate change risks have promoted the construction of a climate agenda in some Brazilian coastal cities and analyzed how climate change risk are being framed by local governments in terms of policy strategies and instruments in these citie...
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Reconfigurations in sustainability transitions: a systematic and critical review
TL;DR: Two streams of literature have become especially prominent in understanding social change toward sustainability within the past decades: the research on socio-technical transitions and applications, and the literature on social change towards sustainability as mentioned in this paper.
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Place-Based Stewardship Education: Nurturing Aspirations to Protect the Rural Commons
TL;DR: The authors examined the potential of place-based stewardship education (PBSE) for nurturing rural students' community attachment and aspirations to contribute to the preservation of the environmental commons and found significant increases in students' environmental sensitivity, environmentally responsible behaviors, community attachment, and confidence in their capacities for civic action.
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Accumulation by Decarbonization and the Governance of Carbon Offsets
Adam G. Bumpus,Diana Liverman +1 more
TL;DR: In this article, the authors examine the governance of international carbon offsets, analyzing the political economy of the origins and governance of offsets, and show how carbon offsets represent capital-accumulation strategies that devolve governance over the atmosphere to supranational and nonstate actors and to the market.
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Troubled futures? The global food crisis and the politics of agricultural derivatives regulation
Jennifer Clapp,Eric Helleiner +1 more
TL;DR: In this paper, the authors analyzed the IPE of both food and finance and found that US domestic groups were able to boost their influence by allying with other domestic actors concerned about volatile energy prices and by linking their cause to the broader politics of financial reform in the wake of the 2008 financial crisis.
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Uncertainty Markets and Carbon Markets: Variations on Polanyian Themes
TL;DR: In both cases, however, creating the abstract commodity framework necessary to make sense of the notion of "cost-effectiveness" has entailed losing touch with what was supposedly being costed, helping to engender systemic crisis as discussed by the authors.
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A Tale of Two Copenhagens: Carbon Markets and Climate Governance
TL;DR: In this paper, the authors show that there remains a strong normative consensus about carbon markets and a deepening set of transnational governance practices, and that these governance practices only partly depend on the interstate negotiations.
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Allowance allocation in the European emissions trading system: a commentary
TL;DR: In this paper, the total allocations under the EU ETS first phase and compare these against historical emissions, projections, and national Kyoto targets, and conclude that most Phase 1 allocations are excessive on all these measures, particularly the last.