For decades the world’s governments have struggled to move from talk to action on climate. The most widely promoted strategy to address the climate crisis – the use of market-based programmes to reduce climate pollution – hasn’t been working and isn’t ready to scale.
In a bold new book, Making Climate Policy Work, climate policy experts Danny Cullenward and David Victor show how the politics of creating and maintaining market-based policies render them ineffective nearly everywhere they have been applied. Reforms can help around the margins, but markets’ problems are structural and won’t disappear with increasing demand for climate solutions. Facing that reality requires relying more heavily on smart regulation and industrial policy – government-led strategies – to catalyse the transformation that markets promise, but rarely deliver.
This online book launch interrogates the track record of market-based climate policies to date and examines their role moving forward.
This event is co-hosted with the Smith School of Enterprise and the Environment and the Institute for New Economic Thinking at the Oxford Martin School.
Please note: This event takes place online via Zoom. Please register via the event webpage and you will receive an email with joining instructions closer to the event date.