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The problems of markets

Science, Norms and the Commodification of Carbon

Bibliographic Data

ID5286848
AuthorsDavid J Frame (0000-0002-0949-3994, University of Oxford, corresponding author)
Year2011
Volume177
Issue2
Pages138-148
Publication date2011-06-01
Open AccessYes
TypeARTICLE
VenueGeographical Journal (JOURNAL)
Journal identifiersISSN: 0016-7398 • E-ISSN: 1475-4959
PublisherWiley (PUBLISHER • GB)
DOI10.1111/j.1475-4959.2010.00385.x
OpenAlexW1508096905
LanguageEN
Citations received6
References cited36

Market-based approaches to commons problems have attracted considerable interest and claim various successes in managing environmental issues. Yet in order to apply market-based approaches to environmental problems we need to have both a good understanding of the dynamics of the system which we are commodifying, and a good, or at least shared, understanding of the criteria against which the policy is to be evaluated. In many settings within natural resource economics these are often taken for granted, or assumed to be relatively straightforward to obtain. Yet, as illustrated by the development of carbon markets in the context of climate change, structural problems can arise from a limited scientific understanding of system dynamics or of resource fluxes, or from inadequate framings of complex problems

Carbon market · Climate change · Commodification · Commons · Context (archaeology · Economics · Economy · Environmental economics · Geography · Global commons · Natural resource · Natural resource economics · Order (exchange · Political science · Climate Change and Geoengineering · Climate Change Policy and Economics · Ecology · Global Energy and Sustainability Research

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  • Measure for measure? Commensuration, commodification, and metrology in emissions markets and beyond

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Citations per year0.4
Citation span2011 - 2015 (5)
Highly citedNo

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