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The Cultures of MarketsThe Political Economy of Climate Governance$
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Janelle Knox-Hayes

Print publication date: 2016

Print ISBN-13: 9780198718451

Published to Oxford Scholarship Online: August 2016

DOI: 10.1093/acprof:oso/9780198718451.001.0001

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Australia and South Korea

Australia and South Korea

Technocratic Governance at the Interface of Politics and International Aspiration

(p.106) 5 Australia and South Korea
The Cultures of Markets

Janelle Knox-Hayes

Oxford University Press

Chapter 5 examines Australia and South Korea as middle adopters, enacting climate policy after the EU and California in the US and at smaller scales. Both countries have political systems with strong technocratic elements of governance, making the comparison an apt one. However, in Korea, a strongly hierarchical, albeit democratic, political economic culture has largely insulated climate policy from political turmoil even as the emissions markets themselves function less as markets and more like a tax. Conversely, the Australian case is mired in political turmoil as emissions trading was promised, delayed, implemented, and repealed. The cases highlight the significance of political intervention as contrasted with technocratic authority in shaping markets.

Keywords:   Australia, South Korea, climate policy, emissions trading, governance, drought, ministerial competition, political influence, emotive authority, government

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