By Declan Kuch
This ebook offers the result of the 1st full-scale emissions buying and selling schemes in Australia and the world over, arguing those schemes are usually not enough to 'civilize markets' and forestall risky weather switch. as a substitute, it articulates the methods weather coverage must confront the collective nature of our concern.
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Sample text
The neo-liberal elements of emissions trading and the ordo-liberal issues of competition present two discourses of state power. Emissions trading schemes are thus caught between condemning cumbersome bureaucracy (compared with markets, per Coase), and the need to articulate a role for such a bureaucracy in ensuring markets function effectively. This is just one aspect of the ‘paradox of measurable counterfactuals’ this book illuminates as a route into the history of economic thought as ‘a history of the constant addition of protective layers to render it more and more impossible for intruders (read politicians and ordinary people) to meddle’ (Latour, 2014: 5).
This separation of emissions sources from populations meant that no pollution events like the 1952 smog were repeated, with the result that the quantity of sulphur particulates in the London atmosphere declined (Laxen and Thompson, 1987). A key role for US and European environmental economists and civil scientific actors was the quantification of acid damage to flora, fauna and urban populations. The effective governing of sulphur emissions depended upon such quantifications being viewed as trustworthy and 40 The Rise and Fall of Carbon Emissions Trading technically sound.
Acid rain was thus an outcome of policies directed towards local health outcomes. Standardization of emissions outputs according to these new health norms embodied a promise of objectivity and safety in science. Clean-air regulations in the United States and Britain would become the archetypal vehicle for scientific regulation, and the basis by which US emissionstrading proposals would be formulated. In the United States, amendments to the Clean Air Act would become the first national emissions trading scheme.