By Alex Lo
This booklet explores the political points of China's weather swap coverage, targeting the newly verified carbon markets and carbon buying and selling schemes. Lo makes a case for knowing the coverage switch when it comes to discourse and on the subject of narratives of nationwide energy and development.
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Extra info for Carbon Trading in China: Environmental Discourse and Politics
They then cite the US as the first one formally proposing carbon trading in the UN meetings in 1996, followed by the UK and Denmark planning for domestic ETSs. 55). The agency of neoliberalism arising from the North is the point of departure. Similarly, Meckling’s (2011) case studies show that carbon trading gained momentum in Europe and the US as it appeared compatible with their ideological norms. He claims that ‘the liberal norms of the UK economy offered opportunities for advocacy for market-based climate policy’ (p.
The government has an important role to play in defining and enforcing private property rights and establishing institutions to maintain the basic functions of the markets and regulate the behaviour of market actors. 6) characterise neoliberalisation of nature in terms of four processes: Governance: the institutionalised political compromises through which capitalist societies are negotiated; Privatisation: natural resources that are held in trust by government authorities are turned over to firms and individuals; Enclosure: the capture of common resources and exclusion of the communities to which they are linked; and Valuation: the process through which invaluable and complex ecosystems are reduced to commodities through pricing.
The fetishising of markets as the preferred form of social organisation is the hallmark of ideological logic of neoliberalism (MacNeil and Paterson, 2012). Capitalist societies are structurally bound to market systems and have vested interests in re-legitimising their existence (Paterson, 2010), despite their well-recognised loopholes and socio-economic consequences. The notion of carbon colonialism, on the other hand, concerns the distributional effects of international climate change initiatives on developed and developing countries (Liverman, 2009; Paterson, 2010).