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The Cultures of Markets – The Political Economy of Climate Governance - Oxford Scholarship Online
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The Cultures of Markets: The Political Economy of Climate Governance

Janelle Knox-Hayes


This book explores the establishment of emissions trading as a form of environmental market-based governance in Australia, China, Europe, Japan, South Korea, and the United States. It argues that international efforts to promulgate markets run up against local cultures of markets that shape economic practices and knowledge to different degrees. While the global agenda under the United Nations Framework Convention on Climate Change has sought to develop similar systems to enable interconnected and synchronized emissions reductions, each of the cases analyzed here has produced different results. ... More

Keywords: climate change, culture, markets, political economy, environmental policy, emissions trading, externalities, environmental finance, institutions, governance

Bibliographic Information

Print publication date: 2016 Print ISBN-13: 9780198718451
Published to Oxford Scholarship Online: August 2016 DOI:10.1093/acprof:oso/9780198718451.001.0001


Affiliations are at time of print publication.

Janelle Knox-Hayes, author
Lister Brothers Associate Professor of Economic Geography and Planning, Department of Urban Studies and Planning, Massachusetts Institute of Technology

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