Pricing Carbon in Australia

Name: Pricing Carbon in Australia
Brand: Taylor & Francis
SKU: 9780367376826
Price: 104.0 NZD
Availability: InStock

Contestation, the State and Market Failure

By Rebecca Pearse

Series: Routledge Advances in Climate Change Research

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Summary

Pricing Carbon in Australia explores the rise and fall of Australia's national emissions trading scheme (ETS) from 2007 to 2015, revealing the challenges and contradictions of market-based climate policy. The book critiques the political economy of carbon trading, analysing why global hopes for carbon markets have largely failed. It contextualises Australia’s experience within a wider crisis of state legitimacy in addressing climate change and highlights emerging alternatives aiming for a just renewable energy transition amidst ongoing fossil fuel asset retrenchment.
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Format: Paperback / softback

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Pricing Carbon in Australia

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This book is an essential resource for practitioners and academics interested in environmental policy, political science, and social movements related to climate change and carbon pricing.

This book examines the ETS in Australia between 2007 and 2015, exploring the underlying contradictions of marketised climate policy. Offering a critique of the political economy of marketised climate policy, the book explores why the hopes for global carbon trading have been dashed.

Description

In the mid-2000s it seemed that the global carbon market would take off and spark the worldwide transition to a profitable low carbon economy. A decade on, the experiment in carbon trading is failing. Carbon market schemes have been plagued by problems, and resistance to carbon pricing has come from the political Left and Right. In the Australian case, a national emissions trading scheme (ETS) was dismantled after a long, bitter public debate. The replacement ‘Direct Action Plan’ is also in disrepute.

Pricing Carbon in Australia examines the rise and fall of the ETS in Australia between 2007 and 2015, exploring the underlying contradictions of marketised climate policy in detail. Through this and other international examples, the book offers a critique of the political economy of marketised climate policy, exploring why the hopes for global carbon trading have been dashed. The Australian case is interpreted in light of a broader legitimation crisis as state strategies for (temporarily) displacing the climate crisis continue to fail. Importantly, in the wake of carbon market failure, alternative agendas for state action are emerging as campaigns for the retrenchment of fossil fuel assets and for just renewable energy transition continue transforming climate politics and policy as we know it.

This book is a valuable resource for practitioners and academics in the fields of environmental policy and politics and social movement studies.