By Elmar Altvater, Achim Brunnengräber
The international is dealing with numerous critical demanding situations on the shut of the fossil and nuclear strength regime: the constrained assets of inexpensive traditional oil can in basic terms be surmounted by way of tapping unconventional oil reserves, e.g. deep sea oil. The explosion of the oil platform Deepwater Horizon in 2010 and the next oil spill triggered huge, immense harm, which even a 12 months later can't be absolutely expected. one other much more vital danger emanating from the fossil and nuclear power regime has been delivered to our awareness by way of the Fukushima catastrophe. final yet no longer least, the matter of weather switch brought on by a rise in greenhouse gasoline emissions is looming, although the overseas group has agreed on a substantial relief of those emissions. is that this terrible results of the Kyoto Protocol and the failure of successive weather meetings the outcome 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” laws. They even conceive them as a constituent element of a “Green New Deal” or “Global eco-friendly Recovery”. The contributions during this quantity offer a serious exam of the theoretical foundations, the political implications, and the empirical stories of the appliance of industry mechanisms and monetary tools to weather coverage.
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Extra resources for After Cancún: Climate Governance or Climate Conflicts
2003): Commodifying what nature? Progress in Human Geography 27, 2: pp. 273-292. Castree, N. (2006): From neo-liberalism 10 neo-liberalisation: Consolidations, eonfosions and neeessary illusions. Environment and Planning, A Vol. 38: pp. 1-6. ; Paterson, M (2009): Over a Barrel: Cultura1 Political Economy and ,Oillmperialism'. ): The Geopolities of Ameriean Inseeurity: on Terror, Power, and Foreign Poliey. London: Routledge: pp. 181-197. Dornau, R. (2008): Defending tbe Integrity oftbe CDM. ): Greenhouse Gas Marke!
Electricity generators in particular have ended up getting siguificant windfall profits from this process, being given more allowances than they needed, passing on any costs to consumers while selling excess allowances into the system (Sandbag 2010; Gilbertson and Reyes 2009). hat the allocations have generally been more generous than they should have been, which caused, arnong other things, a (temporary) price collapse in the EU allowance price in late 2006 as it became clear (with new, Climate Capitalism 31 more precise information about the baseline emissions in the iostallations) that the allocations were ,long'.
Hat was widely taken up in the public and heatedly discussed in expert cireles, and the particuiar approach to climate politics the report establishes. Stern and bis team compare the global macroeconomic costs of climate change, with and without mitigation policies, outlined for time horizons of 50, 100 and 200 years (Stern 2006). hat the economic consequences of uncontrolled climate change far outweigb the costs of limiting climate change to an acceptable degree: mitigating ciimate change, therefore, is perfectly rational from an economic point ofview.
After Cancún: Climate Governance or Climate Conflicts by Elmar Altvater, Achim Brunnengräber