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The Cultures of Markets - Janelle Knox-Hayes

The Cultures of Markets

The Political Economy of Climate Governance
Buch | Hardcover
344 Seiten
2016
Oxford University Press (Verlag)
978-0-19-871845-1 (ISBN)
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Climate change is one of the biggest challenges of the 21st century. Countries around the globe are developing emissions markets as a response to it. This book examines the cultures of these markets, arguing policy makers must include more flexibility in climate policy to allow emissions markets to be translated and transferred across regions
Anthropogenic 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 economy. 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 economic practices and knowledge 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 economic governance in different political economies. This includes issues of citizen, state, and industry participation, and the materiality of economic and financial productivity.

Janelle 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.

PART I: THE POLITICAL ECONOMY OF CLIMATE GOVERNANCE; PART II: GLOBAL ADAPTATIONS OF EMISSIONS MARKETS; PART III: THE CULTURES OF MARKETS

Erscheinungsdatum
Verlagsort Oxford
Sprache englisch
Maße 161 x 241 mm
Gewicht 644 g
Themenwelt Naturwissenschaften Biologie Ökologie / Naturschutz
Sozialwissenschaften Politik / Verwaltung Staat / Verwaltung
Wirtschaft Betriebswirtschaft / Management
Wirtschaft Volkswirtschaftslehre Wirtschaftspolitik
ISBN-10 0-19-871845-4 / 0198718454
ISBN-13 978-0-19-871845-1 / 9780198718451
Zustand Neuware
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