Climate governance and the legitimation of a finance-led regime of accumulation
msra
摘要
This paper starts with the widespread critiques of climate governance, as with some other environmental regimes, focusing on its 'marketized' or 'privatized' character. Such critiques fundamentally attempt to de-legitimise dominant governance mechanisms such as emissions trading, the Clean Development Mechanism, Joint Implementation, and emerging private regimes such as the Carbon Disclosure Project. The paper argues that these critiques need to be supplemented with an understanding that many of these projects themselves have been developed precisely in order to overcome legitimacy crises inherent in capital accumulation, and specifically in the current context in relation to the dominance of finance within contemporary capitalism. It draws on regulation theory to outline the tension between accumulation and legitimation within capitalism. It develops this approach by emphasizing that one of the geniuses of Fordism was precisely the capacity to unite (if temporarily) these two elements - by shaping consumption practices (principally car driving) which enabled the means of accumulation and the means of legitimation to be pursued at the same time. It then argues that climate governance practices should be understood as a pursuit of this same coherence which might give rise to an "ecological regime of accumulation" thus forestalling more radical critiques arguing that capitalism and sustainability are inimical.
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