By Elmar Altvater, Achim Brunnengräber
The global is dealing with numerous severe demanding situations on the shut of the fossil and nuclear power regime: the constrained assets of inexpensive traditional oil can in simple terms be surmounted by means 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 prompted huge, immense harm, which even a yr later can't be totally predicted. one other much more vital hazard emanating from the fossil and nuclear power regime has been delivered to our cognizance by way of the Fukushima catastrophe. final yet now not least, the matter of weather switch attributable to a rise in greenhouse gasoline 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 final result of a choice for using market-based tools? nearly all 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 severe exam of the theoretical foundations, the political implications, and the empirical stories of the applying of marketplace mechanisms and fiscal tools to weather coverage.
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Extra resources for After Cancún: Climate Governance or Climate Conflicts
80-99. ; Paterson, M. (2010): Climate Capitalism: Global Warmiog and the Transformation ofthe Global Economy. Cambridge: CUP. Q'Conoor, M. ) (1994): Is Capitalism Sustainsble? Political Economy aod the Politics ofEcology. New York: Guilford Press. Olsen, K. H. (2007): The Cleao Development Mechanism's Contribution to Sustainable Development: A Review ofthe Literature. Climatic Change 84: pp. 59-73. 44 Peter Newell / Matthew Paterson Paterson, M. (2001): Risky Business: Insuranee Companies in Global Warming Polities.
The use of the Byrd-Hagel resolution in the US to veto its participation in the Kyoto Protocol and the aggressive and intensive campaign by large energy users against the proposed EU carbon lax in 1992 provide clear examples ofthis (NeweIl and Paterson 1998). They suggest the dangers offailing to engage powerful actors and fractions of capital willing to depart from oppositional positions. But of course the interests of capital in relation to elimate change are not monolithic. They have to be expressed in terms which dernonstrate a contribution to the interests of capital in general.
The Centre for Science and Environment' s Anil Agarwal put it the following way: Is one tonne of a greenhouse gas produced by a New Yorker or a Londoner equal to a tonne ofthe same gas produced by a peasaot in Guatemala, Cbad or Baogladesh? The simple, moral answer is 'no'. The first tonne is the result of luxury. The second toone of basic survivaI. Both of them go into the atmosphere. But one needs to be controlled aod the other needs to be supported (Agarwa1 2000). Yet for the purposes of trading in offsets, they are the same.