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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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Climate change through the lens of intersectionality
Anna Kaijser,Annica Kronsell +1 more
TL;DR: In this paper, intersectional analysis of climate change illuminates how different individuals and groups relate differently to climate change, due to their situatedness in power structures based on context-specific and dynamic social categorisations.
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The Political Economy of Energy Transitions: The Case of South Africa
TL;DR: In this paper, the authors explore the political economy of energy transition in South Africa and provide a rich empirical account of key policy developments aimed at enabling such a transition and provide reflections on how best to theorise the contested politics of energy transitions.
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Mobilizing the new mobilities paradigm
Mimi Sheller,John Urry +1 more
TL;DR: In this article, a new mobilities paradigm emerged a decades or so ago in the context of significant theoretical shifts, methodological developments and novel research questions and approaches and examined many ways in which applied mobilities research over the past decade and how it might continue to reconfigure it.
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Public understanding of, and attitudes to, climate change: UK and international perspectives and policy
TL;DR: Although levels of concern and awareness about climate change have been rising in many nations over the past 20 years, climate change remains of low importance relative to other global or personal concerns as discussed by the authors.
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Risk and emotion: towards an alternative theoretical perspective
TL;DR: The concept of emotion-risk assemblage as discussed by the authors is introduced to denote a heterogeneous configuration of ideational and material, human and non-human elements that is subject to constant flux and change.
References
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Regulation lite: The rise of emissions trading
TL;DR: In this paper, the authors discuss the need to confront the difficult issues presented by emissions trading and to face the challenges of combining "market" and "democratic" systems of legitimization, and to avoid taking refuge in all too comfortable beliefs in cumulative checks and balances.
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Negotiating climate legislation: Policy path dependence and coalition stabilization
TL;DR: In this paper, the authors investigate the nature of policy path dependence through analysis of climate policy formation in the United States and suggest that policy is negotiated between coalitions that in turn create stability in the policy process and insulate policy fields from external shocks.
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Regulation Lite: The Rise of Emissions Trading
TL;DR: In this article, the authors argue that emissions trading is a device that raises urgent issues regarding its objectives, cost-effectiveness, fairness, transparency, and legitimacy, and there is a need to confront the difficult issues presented by emissions trading; to face the challenges of combining market and democratic systems of legitimation; and to avoid taking refuge in all too comfortable beliefs in cumulative checks and balances.
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Regulatory Challenges for Financial and Carbon Markets
TL;DR: In this paper, Lohmann et al. discuss the role of carbon offset markets in climate change and decoupling from the traditional business-as-usual (BaaS) model.