By Elmar Altvater, Achim Brunnengräber
The realm is dealing with numerous critical demanding situations on the shut of the fossil and nuclear strength regime: the restricted assets of inexpensive traditional oil can merely 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 brought on huge, immense harm, which even a yr later can't be absolutely expected. one other much more very important chance emanating from the fossil and nuclear power regime has been dropped at our recognition by way of the Fukushima catastrophe. final yet now not least, the matter of weather switch brought on by a rise in greenhouse fuel emissions is looming, even though the overseas group has agreed on a substantial aid of those emissions. is that this negative results of the Kyoto Protocol and the failure of successive weather meetings the outcome of a choice for using market-based tools? nearly all of weather scientists, economists, and politicians think within the potency of “cap-and-trade” rules. 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 severe exam of the theoretical foundations, the political implications, and the empirical stories of the appliance of marketplace mechanisms and monetary tools to weather coverage.
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Additional info for After Cancún: Climate Governance or Climate Conflicts
Inanee is due to a new attention for elimate proteetion in developing eountries, whieh is explained through the general need for higher emission reductions, the quiekly rising emissions in some developing eountries, and the eomparsbly eheap abatement opportunities in the global south. hat is given to raisiug private investments for elimate protection. hat the vast majority of finaneial flows will have to eome from the private seetor. The role of policy and publie is to support investors and incentivise investments flows.
1007/978-3-531-94018-2_3, © VS Verlag für Sozialwissenschaften | Springer Fachmedien Wiesbaden GmbH 2011 46 Simon Wolf Much of the c1imate finanee debate and tbe initial politieal regulation, in eonsequenee, focus on tbis objeetive: Proposals for Publie Finanee Meehanisms, like tbe World Bank's Climate Investment Funds (CIF) diseuss how to increase tbe leverage effeet of publie spending on private investments, by providing guarantees, loans and grants (Maclean et al. 2008); tbe carbon market diseussion has shifted from tbe capacity of markets to identify cost-effieient emission reductions to tbeir potential to stimulate investments; and while a general consensus exists for tbe irnplementation of a forest finance mechanism, tbe most eontentious issue is if and how markets and private investments ean eontribute to tbe objeetive offorest proteetion.
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! 2008: Pieeing Togetber a Comprehensive International Agreement for a Truly Global Carbon Marke!.
After Cancún: Climate Governance or Climate Conflicts by Elmar Altvater, Achim Brunnengräber