Making Climate Policy Work
1st Edition
Published on 7. October 2020
256 pages
978-1-5095-4494-3 (ISBN)
Description
For decades, the world's governments have struggled to move from talk to action on climate. Many now hope that growing public concern will lead to greater policy ambition, but the most widely promoted strategy to address the climate crisis - the use of market-based programs - hasn't been working and isn't ready to scale.
Danny Cullenward and David Victor show how the politics of creating and maintaining market-based policies render them ineffective nearly everywhere they have been applied. Reforms can help around the margins, but markets' problems are structural and won't disappear with increasing demand for climate solutions. Facing that reality requires relying more heavily on smart regulation and industrial policy - government-led strategies - to catalyze the transformation that markets promise, but rarely deliver.
Danny Cullenward and David Victor show how the politics of creating and maintaining market-based policies render them ineffective nearly everywhere they have been applied. Reforms can help around the margins, but markets' problems are structural and won't disappear with increasing demand for climate solutions. Facing that reality requires relying more heavily on smart regulation and industrial policy - government-led strategies - to catalyze the transformation that markets promise, but rarely deliver.
More details
Other editions
Additional editions
Danny Cullenward | David G. Victor
Making Climate Policy Work
Book
10/2020
1st Edition
Polity Press
€71.00
Shipment within 15-20 days
Danny Cullenward | David G. Victor
Making Climate Policy Work
Book
10/2020
1st Edition
Polity Press
€22.00
Shipment within 15-20 days
Persons
Danny Cullenward is Policy Director at CarbonPlan and a lecturer at Stanford Law School.
David G. Victor is Professor of International Relations at the School of Global Policy and Strategy at UC San Diego. He co-heads the initiative on energy and climate at the Brookings Institution.
David G. Victor is Professor of International Relations at the School of Global Policy and Strategy at UC San Diego. He co-heads the initiative on energy and climate at the Brookings Institution.
Content
- Cover
- Title page
- Copyright page
- Contents
- Figures and tables
- Figures
- Tables
- Preface
- 1 A turn toward markets?
- The inconvenient problems of politics
- A theory of politics
- The evidence
- A roadmap
- 2 Ambition
- Why politicians prefer regulation
- Why real-world institutions constrain policy choices
- The logic of Potemkin markets
- Conclusion
- 3 Coverage and allocation
- Which sectors get covered
- Why sectors are treated differently
- Conclusion
- 4 Revenue and spending
- Why politics favor green spending
- Why green spending becomes green pork
- Conclusion
- 5 Offsets
- Why quality lacks a constituency
- Why knife-edge incentives encourage low quality
- Why political forces favor local offsets
- Why offsets entrench rather than expand markets
- Conclusion
- 6 Market links
- Why links are rare, thin, and between similar systems
- Why political actors overpromise the value of market links
- Conclusion
- 7 Getting the most out of markets
- How to increase program ambition
- How to make spending more effective
- How to make external relations work
- 8 Rightsizing markets and industrial policy
- Toward a new industrial policy
- Decarbonization as an international strategy
- Rethinking leadership
- Conclusion
- 9 Conclusion
- Doing better
- The road ahead
- Notes
- Chapter 1 A turn toward markets?
- Chapter 2 Ambition
- Chapter 3 Coverage and allocation
- Chapter 4 Revenue and spending
- Chapter 5 Offsets
- Chapter 6 Market links
- Chapter 7 Getting the most out of markets
- Chapter 8 Rightsizing markets and industrial policy
- Index
- EULA
