By Elmar Altvater, Achim Brunnengräber
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The global is dealing with a number of critical demanding situations on the shut of the fossil and nuclear power regime: the constrained 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 predicted. one other much more very important risk emanating from the fossil and nuclear strength regime has been delivered to our consciousness by way of the Fukushima catastrophe. final yet now not least, the matter of weather switch attributable to a rise in greenhouse fuel emissions is looming, although the overseas neighborhood 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 end 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 aspect of a “Green New Deal” or “Global eco-friendly Recovery”. The contributions during this quantity offer a serious exam of the theoretical foundations, the political implications, and the empirical studies of the applying of marketplace mechanisms and monetary tools to weather coverage.
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Extra resources for After Cancún: Climate Governance or Climate Conflicts
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Hat the CDM is considered a form of joint implementation but I don't understand how a commitment can be jointly implemented if ouly one of the parties involved is committed to limit emissions and the other party is free from a qualitative point of view. Such disparity has been at the root of every colonisation since the time ofthe Greeks' (1998). The functioning of the CDM to date its revealing of its origins as a neoliberal experiment. Capital flows in the CDM have largely mirrored flows ofFDI in the developing world with China, India and Brazil the three largest recipients while sub-Saharan Africa continues to attract less than 2% of CDM projects.
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