Climate Capitalism: Global Warming and the Transformation of the Global Economy

Front Cover
Cambridge University Press, May 27, 2010 - Business & Economics - 205 pages
Confronting climate change is now understood as a problem of 'decarbonising' the global economy: ending our dependence on carbon-based fossil fuels. This book explores whether such a transformation is underway, how it might be accelerated, and the complex politics of this process. Given the dominance of global capitalism and free-market ideologies, decarbonisation is dependent on creating carbon markets and engaging powerful actors in the world of business and finance. Climate Capitalism assesses the huge political dilemmas this poses, and the need to challenge the entrenched power of many corporations, the culture of energy use, and global inequalities in energy consumption. Climate Capitalism is essential reading for anyone wanting to better understand the challenge we face. It will also inform a range of student courses in environmental studies, development studies, international relations, and business programmes.
 

Contents

1 Introducing climate capitalism
1
2 Histories of climate histories of capitalism
11
3 Climate for business
36
4 Mobilising the power of investors
60
5 Searching for flexibility creating a market
78
6 Caps trades and profits
94
7 Buying our way out of trouble
108
8 The limits of climate capitalism
129
9 Governing the carbon economy
141
10 What futures for climate capitalism?
161
Conclusions
182
Glossary
189
Index
199
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About the author (2010)

Peter Newell is Professor of International Development at the University of East Anglia. He has worked on climate change as a researcher, consultant, teacher and activist for over 16 years. He has undertaken work for international organisations such UNDP and GEF, provided policy advice to a number of different governments and worked for NGOs such as Climate Network Europe and Friends of the Earth. He is an ESRC Climate Change Leadership Fellow and is the author of Climate for Change (Cambridge University Press, 2000), the first book on the role of non-state actors in global climate politics. Matthew Paterson is a Professor of Political Science at the University of Ottawa. He has been researching climate change politics since 1989. He wrote the first book in political science focused solely on climate politics, Global Warming and Global Politics (1996), which is still widely used as a key text to understanding climate change politics. His book Automobile Politics: Ecology and Cultural Political Economy (Cambridge University Press, 2007), has won the prestigious International Political Economy Book Prize.