Climate Capitalism

pitfalls of carbon markets in ways that achieve climate justice? Informed by two decades of climate scholarship, the authors provide an accessible entry to these big policy questions of the day. Backed by careful research, their balanced analysis will help inform not only all those interested in climate regulation but all those who see climate change as a harbinger of broader debates and choices about forms of global governance and the future shape of the global economy.' Farhana Yamin, former Research Fellow, Institute of Development Studies, University of Sussex 'It is now clear that capitalism as usual is not up to tackling the challenge of climate change. Under what conditions might capitalism be transformed to generate growth through low carbon development? Climate Capitalism addresses this most pressing of issues in an informed and accessible way. It is essential reading for governments, businesses and concerned citizens alike.' Rt. Hon Michael Meacher MP, former UK Minister of the Environment 'Climate change we know is intrinsically linked to the model of economic growth in the world. Neo-liberal economists today accept that climate change is the market's biggest failure. But still the world is looking for small answers to tinker its way out of the problem of growth. It is time we looked for new ways of 'business unusual'. This is why this book, Climate Capitalism, is timely. It helps us understand the crisis, but also the opportunity to reinvent growth without pollution. Read it because you must.' Sunita Narain, Director of the Centre for Science and Environment, New Delhi 'Climate Capitalism examines whether capitalism can survive the challenge of addressing global warming induced by emissions of greenhouse gases ... Can the market and private capital develop new governance mechanisms, such as carbon trading, and deliver new low-carbon technologies that will decarbonize the economy while ensuring growth and full employment? ... the authors ... adopt a political economy approach that locates climate change as a problem rooted in the way our production is organized, our economy is structured, and our patterns of growth and consumption ... the result is an excellent review of the shifting business response to climate change and the emergence of market-based efforts to address GHG emissions ... [the] style ... is lucid, informative, and relatively free of jargon, though with enough detail (and comprehensive glossary) of the multitude of organizations and initiatives that it can serve as a guide to 'speaking carbon'.' David Levy, Climate Inc. (climateinc.org)