By Elmar Altvater, Achim Brunnengräber
The area is dealing with a number of critical demanding situations on the shut of the fossil and nuclear power regime: the restricted assets of inexpensive traditional oil can in basic terms be surmounted through tapping unconventional oil reserves, e.g. deep sea oil. The explosion of the oil platform Deepwater Horizon in 2010 and the following oil spill triggered huge, immense harm, which even a 12 months later can't be totally envisioned. one other much more vital hazard emanating from the fossil and nuclear strength regime has been dropped at our cognizance by means of the Fukushima catastrophe. final yet now not least, the matter of weather switch attributable to a rise in greenhouse fuel emissions is looming, although the overseas group has agreed on a substantial aid of those emissions. is that this bad results of the Kyoto Protocol and the failure of successive weather meetings the end result of a choice for using market-based tools? the vast majority of weather scientists, economists, and politicians think within the potency of “cap-and-trade” rules. They even conceive them as a constituent aspect of a “Green New Deal” or “Global eco-friendly Recovery”. The contributions during this quantity supply a serious exam of the theoretical foundations, the political implications, and the empirical reviews of the applying of marketplace mechanisms and monetary tools to weather coverage.
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Extra info for After Cancún: Climate Governance or Climate Conflicts
Johannes Ehberling. Eco-Securities. Oxford. February 28 2008. Climate Capitalism 37 effect argues that climate policy has been hijacked, and environmentalism coopted, into a set of approaches that serve capital's drive for constant accumulation weil, but which do little to reduce emissions. Empirically, such critiques focus on the ,climate frand and carbon colonialism' which carbon markets exhibit (Bachram 2004; Lohmann 2006). Tbeoretically, it arises out of a critique of commodification which derives from Marx (Lohmann 2010, Castree 2003; Prudham 2009) and Polanyi (Lohmann 2006; Bumpus and Liverman 2008; Paterson 2010), argning in effect that the privatised form of the commodity is in direct contradiction with the structural reqnirements of climate change as a global public good.
But it is clear tbat whetbet it occurs tbrough carbon markets or not, strategies 10 address climate change have 10 engage witb tbose tbat exercise powet in contemporary capitalism. ldentifYing viable accumulation strategies and tbe political constitoencies 10 support and realise tbern is vital 10 this enterprise. Referentes Aglietta, M. (1999): La globalisation financiere. ): L'econontie mondiale 2000. Paris: La Deoouverte for the Centre d'etudes prospectives et d'informations internationales: pp.
Tbe tendency to pursue low-banging fruit strategies where large volumes of CERs can be generated from modest, incremental and low-cost cbanges to business as usual production has been affirmed. , 70% of CERs in the first year and half were issued for abating gases other than CO2 in particuiar the destruction of industrial gases used in refrigeration (paulsson 2009). Because CERs are weighted according to the global warming potential of agas, this created incentives to target projects airned at removing gases such as HFCs rather than more difficult and longer term investments in renewable energy for exarople.
After Cancún: Climate Governance or Climate Conflicts by Elmar Altvater, Achim Brunnengräber