The Cultures of Markets: The Political Economy of Climate Governance (Hardback)
  • The Cultures of Markets: The Political Economy of Climate Governance (Hardback)
zoom

The Cultures of Markets: The Political Economy of Climate Governance (Hardback)

(author)
£70.00
Hardback 352 Pages / Published: 19/05/2016
  • We can order this

Usually dispatched within 1 week

  • This item has been added to your basket
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.

Publisher: Oxford University Press
ISBN: 9780198718451
Number of pages: 352
Weight: 644 g
Dimensions: 241 x 161 x 24 mm


MEDIA REVIEWS
How can humanity best tackle climate change? Knox-Hayes's nuanced examination of how emissions markets developed in the US, Europe, East Asia and Australia is a vital contribution to a crucial debate. * Donald MacKenzie, Professor of Sociology, University of Edinburgh *
Janelle Knox-Hayes has written the definitive treatment of governance, markets and climate change. In the light of the Paris Accord we need a path forward to realise the lofty ambitions of the signing governments. Knox-Hayes addresses this issue, amongst others challenging us to think about reconciling national interests with climate governance at the local and global levels. It is essential reading for academics, policy makers and those of us committed to making a difference to the future. * Gordon Clark, Professor and Director of the Smith School of Enterprise and the Environment, Oxford University *
Climate change presents one of the most complex and consequential collective action problems in human history. Can it be solved through the creation of markets? In this carefully researched, lucidly argued book, Janelle Knox-Hayes explores the variegated institutional, financial and cultural logics of market-based approaches to climate governance, from Euro-America to the Asia-Pacific region. Building on the tools of economic geography, historical political economy and the new sociology of finance, Knox-Hayes offers an original, illuminating account of the construction and operation of emissions markets, their limits, their failures and their potentials. An essential contribution to our understanding of emergent attempts, at global, national and subnational spatial scales, to stimulate, intensify and coordinate institutional responses to climate change. * Neil Brenner, Professor of Urban Theory, Harvard University *
Janelle Knox-Hayes has to be congratulated for this impressive monograph. The book on climate governance uses a cultural-economic conceptualization to discuss the development of emissions markets in a comparative study, thus connecting economic geography with approaches in political economy, finance and sociology. The book puts climate governance on the agenda of the social sciences and it does this with an impressive literacy of the field. The comparative perspective in part II is particularly illustrative as it analyzes diverse experiences with climate governance in different political economies worldwide. This leads to a synthesis of the different structures in part III and a discussion of pathways toward a broader cultural-institutional understanding of the making and valuation of emissions markets. * Harald Bathelt, Professor and Canada Research Chair in Innovation and Governance, University of Toronto *
Janelle Knox-Hayes addresses an important and often overlooked topic in the literature on climate change governance. Local customs and practices play a critical role in the development of new markets and related institutions. At a time when market-based solutions are at the forefront of policy options around the world, her book asks the right questions. * Richard L. Sandor, Chairman and CEO, Environmental Financial Products LLC and Aaron Director Lecturer in Law and Economics at the University of Chicago Law School *

You may also be interested in...

The Weather Makers
Added to basket
£12.99
Paperback
Visit Sunny Chernobyl
Added to basket
Merchants of Doubt
Added to basket
This Changes Everything
Added to basket
Global Catastrophes: A Very Short Introduction
Added to basket
Climate: A Very Short Introduction
Added to basket
Global Warming
Added to basket
£36.99
Paperback
Silent Spring
Added to basket
£9.99
Paperback
The Politics of Climate Change
Added to basket
Storms of My Grandchildren
Added to basket
The Burning Question
Added to basket
Climate Wars
Added to basket
£9.99
Paperback
Climate Changed
Added to basket
Climate Casino
Added to basket
Heat
Added to basket
£11.99
Paperback
International Climate Change Law
Added to basket

Please sign in to write a review

Your review has been submitted successfully.