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By Declan Kuch

This e-book 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 harmful weather switch. as a substitute, it articulates the methods weather coverage must confront the collective nature of our drawback.

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The UK emissions trading scheme followed a trajectory similar to the NSW GGAS scheme analysed in Chapter 3. This scheme was dominated by a small number of large players who made simple modifications to their industrial practices, thereby allowing lax emissions caps to be met as cheap credits flooded the market (Reyes, 2014: 6). , 2013). However, another set of literature using such concepts as ‘carbon leakage’ or the ‘Jevons Paradox’ calls their effectiveness into question. Research collating emissions data internationally shows that rich nations are effectively outsourcing their emissions to the developing world, where carbon-intensive manufacturing has been relocated during this same period (Hertwich and Peters, 2009).

A finitist analysis of carbon accounting suggests that ‘we create meaning as we move from case to case’ (Bloor quoted in MacKenzie, 2009b: 31). Though finitism and Callon’s approach both illuminate the contingent nature of economic calculability, they do so in different ways. 318–319) refers to the discursive conditions under which statements about singular events frame socio-material agencements that are then adjusted and calibrated accordingly. A finitist approach, however, draws attention to the implicit judgements in the work of accounting.

That line of thinking would require a very different theoretical toolset than the one that currently dominates corporations and policy. Moreover, a true sustainability will involve unthinking the power of terms like ‘improvement’, ‘development’, and ‘growth’, which modern capitalism has inherited from the last two centuries of its historic development, and which are embedded in all economists’ definitions of success with knowledge of these events, institutions, and discourses, however, the possible future of action becomes wider again.

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