The carbon markets are in the middle of a fundamental crisis - a crisis marked by collapsing prices, fleeing actors, and ever increasing greenhouse gas levels. Yet carbon trading remains at the heart of global attempts to respond to climate change. Not only this, but markets continue to proliferate - particularly in the Global South. The Politics of Carbon Markets helps to make sense of this paradox and brings two urgently needed insights to the analysis of carbon markets. First, the markets must be understood in relation to the politics involved in their development, maintenance and opposition. Second, this politics is multiform and pervasive. Implementation of new techniques and measuring tools, policy development and contestation, and the structuring context of institutional settings and macro-social forces all involve a variety of political actors and create new forms of political agency. The contributions study the total extent of the carbon markets, from their prehistory to their contemporary expansion and wider impacts. This wide-ranging political perspective on the carbon markets is invaluable to those studying and interested in ecological markets, climate change governance and environmental politics.

Today's beleaguered yet expanding carbon market represents a type of relationship between economy and ecology scarcely imaginable forty years ago. This collection brings together a comprehensive array of perspectives to critically scrutinise the development and on-going maintenance of this global carbon market. The book's contributors recognise that the market itself, as well as the notion of the environment that it instantiates, is highly political and contested; thus the chapters investigate the market system and its insertion into and influence on climate and environmental governance within the global political economy. The book does this by analysing the routines, institutions, techniques and technologies established or refuted through practices of social and material negotiation. As well as an examination of the carbon market from a political perspective, the book includes contributions that equally interrogate what politics means, does and requires within climate and environmental governance. The book is organised into three sections.The first section investigates the political developments, technical arrangements and contextualising factors that lead up to the implementation of the carbon markets. The second section interrogates the social, political, material, technical and technological details of the carbon markets, as well as the relationship and connections between these details and the broader political economics/ecologic context. The final section asks what the political impacts and consequences of the markets are, what they mean for the climate governance regime and how they impact on the broader capitalist systems.

Global climate change is perceived to be one of the biggest challenges for international politics in the 21st century. This work seeks to fuse a global governance perspective together with different interpretive approaches, offering a novel way of looking at international climate politics. Equipped with a common interpretive tool-kit, the authors examine different issue-areas and excavate the contours of an overall pattern the depoliticisation of climate governance. It is this concept which represents the overarching theme connecting the different contributions, addressing issues such as how the securitization of climate change conceals its socio-economic roots; how highly political decisions and value-judgements are couched in the terms of science; how the reframing of climate change as a matter of economic calculation and investment narrows the scope of political action; and how the prevailing concentration on technological solutions to climate change turns it into a mere administrative issue to be tackled by experts. Highlighting the depoliticisation of highly political issues provides a means to bring the political back into one of the most important issue areas of 21st century world politics.

The editors have assembled a series of 14 interpretive inquiries into discourses of global climate governance which aim to flesh out an interpretive methodology, demonstrating the value it offers to those seeking to achieve a better understanding of global climate governance.

This work will be of great interest to students and scholars of environmental politics, political theory and climate change.

Global climate change is perceived to be one of the biggest challenges for international politics in the 21st century. This work seeks to fuse a global governance perspective together with different interpretive approaches, offering a novel way of looking at international climate politics. Equipped with a common interpretive tool-kit, the authors examine different issue-areas and excavate the contours of an overall pattern - the depoliticisation of climate governance. It is this concept which represents the overarching theme connecting the different contributions, addressing issues such as how the securitization of climate change conceals its socio-economic roots; how highly political decisions and value-judgements are couched in the terms of science; how the reframing of climate change as a matter of economic calculation and investment narrows the scope of political action; and how the prevailing concentration on technological solutions to climate change turns it into a mere administrative issue to be tackled by experts. Highlighting the depoliticisation of highly political issues provides a means to bring the political back into one of the most important issue areas of 21st century world politics. The editors have assembled a series of 14 interpretive inquiries into discourses of global climate governance which aim to flesh out an interpretive methodology, demonstrating the value it offers to those seeking to achieve a better understanding of global climate governance. This work will be of great interest to students and scholars of environmental politics, political theory and climate change.