Janelle Knox-Hayes
- Published in print:
- 2016
- Published Online:
- August 2016
- ISBN:
- 9780198718451
- eISBN:
- 9780191787737
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780198718451.003.0003
- Subject:
- Business and Management, Political Economy, Public Management
Chapter 3 provides a macro analysis of the perspectives and beliefs that shape market making across the regions in which the cases are embedded and across sociodemographic characteristics. Using ...
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Chapter 3 provides a macro analysis of the perspectives and beliefs that shape market making across the regions in which the cases are embedded and across sociodemographic characteristics. Using quantitative methods, the chapter examines the ways market governance of climate change is situated at the interface of two competing logics: universalistic governance predicated on technocratic norms, and local political and cultural knowledge and practice. It also examines patterns in these logics across the cases as well as regionally (i.e. Europe and Asia). While values such as efficiency, efficacy, and scale resonate as advantages and opportunities of market-based governance, concepts such as the intangibility of emissions credits, the need for technical complexity, and political instability express the concerns situated around markets in different regions.Less
Chapter 3 provides a macro analysis of the perspectives and beliefs that shape market making across the regions in which the cases are embedded and across sociodemographic characteristics. Using quantitative methods, the chapter examines the ways market governance of climate change is situated at the interface of two competing logics: universalistic governance predicated on technocratic norms, and local political and cultural knowledge and practice. It also examines patterns in these logics across the cases as well as regionally (i.e. Europe and Asia). While values such as efficiency, efficacy, and scale resonate as advantages and opportunities of market-based governance, concepts such as the intangibility of emissions credits, the need for technical complexity, and political instability express the concerns situated around markets in different regions.
