The Political Economy of Carbon Markets

Bibliographic Data

ID20073347
AuthorsRichard Lane (0000-0002-3334-5545), Peter Newell (0000-0002-5371-7668, University of Sussex)
Year2016
Pages247-267
Publication date2016-01-01
Peer ReviewedYes
Open AccessYes
TypeCHAPTER
VenuePalgrave Handbook of the International Political Economy of Energy (SOURCE_BOOK)
PublisherPalgrave Macmillan UK (PUBLISHER)
DOI10.1057/978-1-137-55631-8_10
OpenAlexW2488798632
ISBN9781137556318
LanguageEN
Citations received12
References cited41

This chapter explores competing accounts of the nature and development of carbon markets. We combine ideas about the performative nature of carbon markets and the techniques and modes of governance required to allow them to operate with political economy readings of the relations of power which give rise to and characterise them. We do this in order to account for what has been referred to as the ‘zombie’ phenomena: the apparent contradiction between the seeming failure of carbon markets to date and ongoing support for them among state and corporate elites. We cover both the pre-history of carbon markets and their subsequent evolution and what this tells us about the ‘nature’ of market-based responses to climate change more generally

Carbon market · Climate change · Contradiction · Corporate governance · Economic system · Economics · Economy · Epistemology · Market economy · Performative utterance · Political economy · Political science · Politics · Housing, Finance, and Neoliberalism · Political and Economic history of UK and US · Sustainability and Climate Change Governance · Finance