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Download Carbon Trading in China: Environmental Discourse and by Alex Lo PDF

By Alex Lo

This booklet explores the political features of China's weather switch coverage, targeting the newly proven carbon markets and carbon buying and selling schemes. Lo makes a case for realizing the coverage switch when it comes to discourse and on the subject of narratives of nationwide energy and development.

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Sample text

In an attempt to draw attention to a particular set of critiques linked to inequalities in power structure, I raise question about focusing on the agency of liberal economies in constructing the discourse of carbon trading. 2 A brief history of carbon trading Global carbon markets are a central component of international climate governance. Their history is closely related to the rise of market environmentalism in North America and the struggles among countries in the lead up to the Kyoto Protocol.

While massive resources are being organised by the Chinese government to replicate market-based environmental policies, it is far from clear that the market institutions can be understood in conventional ‘liberal’ or ‘neoliberal’ terms. In contrast, most of the established and emerging systems of emissions trading elsewhere have created a carbon economy in line with these terms. The political processes involved are not linear and, in many cases, frustrated by policy reversals, parliamentary failures, and economic downturns.

In both cases, opportunities for trading could ensure emissions reduction to occur in the cheapest locations, thereby lowering the aggregate costs of pollution control. The epochal idea championed by Coase and his followers sparked a series of debates on establishing emissions rights and creating a system that allows firms or regulated entities to trade these rights (Calel, 2013). The policy concept, originating from economics, gained force in political discourses because it accorded with the scepticism towards the implied assumption of state neutrality in determining tax rates without attending to vested interests (MacNeil and Paterson, 2012).

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