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Introduction: Confronting Climate Change

Janelle Knox-Hayes

in The Cultures of Markets: The Political Economy of Climate Governance

Published in print:
2016
Published Online:
August 2016
ISBN:
9780198718451
eISBN:
9780191787737
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198718451.003.0001
Subject:
Business and Management, Political Economy, Public Management

Chapter 1 explores the nature of climate change as a problem and its connection to modern human economic systems. It also introduces the emergence of a global policy response to climate change and ... More


The Clean Development Mechanism, Stochastic Permit Prices, and Energy Investments

Philipp Hieronymi and David Schüller

in Political Economy and Instruments of Environmental Politics

Published in print:
2015
Published Online:
January 2016
ISBN:
9780262029247
eISBN:
9780262329736
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262029247.003.0010
Subject:
Political Science, Environmental Politics

The aim of this paper is to analyze the impact that the simultaneous availability of two permit classes with differing price developments has on an energy investor. We consider permits that are ... More


Europe and the United States: Market Coordination through Contrasting Discourses of Security, Leadership, and Economic Opportunity

Janelle Knox-Hayes

in The Cultures of Markets: The Political Economy of Climate Governance

Published in print:
2016
Published Online:
August 2016
ISBN:
9780198718451
eISBN:
9780191787737
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198718451.003.0004
Subject:
Business and Management, Political Economy, Public Management

Chapter 4 examines early adaptations of the markets in Europe and the United States. In the case of the United States, analysis focuses on the federal level and on California as a large state that ... More


The Influence of Permit-Price Uncertainty and Lobbying on Energy Investments

Philipp Hieronymi and David Schüller

in Emissions Trading as a Policy Instrument: Evaluation and Prospects

Published in print:
2015
Published Online:
January 2016
ISBN:
9780262029285
eISBN:
9780262330435
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262029285.003.0005
Subject:
Economics and Finance, Development, Growth, and Environmental

In this model an investor can choose between replacing a pre-determined generation capacity by investing into wind or gas power. He also has the option to lobby in order to increase the profitability ... More


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