IDEAS home Printed from https://ideas.repec.org/a/bpj/buspol/v17y2015i4p633-659n5.html
   My bibliography  Save this article

Polluting industries as climate protagonists: cap and trade and the problem of business preferences

Author

Listed:
  • Grumbach Jacob M.

    () (Department of Political Science, University of California, Berkeley, CA, USA)

Abstract

In the US, the failure of climate legislation and the implementation of EPA rules are the subject of intense scholarly and public debate. However, the debate has not investigated – and at times has further obfuscated – the preferences and expected tactics of industry stakeholders. Scholars of management and regulation argue that firms’ profit motives can be aligned with socially beneficial outcomes, but they assume that firms prefer market-based regulation over the status quo. Correspondingly, corporate stakeholders have been portrayed as protagonists in campaigns for climate legislation. In a case study of the cap and trade fight during 2009 and 2010, I find that industry stakeholders primarily mobilized to maintain the status quo, but simultaneously joined the cap and trade coalition in order to favorably shape potentially inevitable climate legislation. The case underlines the importance of deeper investigation of business preferences and provides evidence for theories that prioritize power resources and the structural power of business.

Suggested Citation

  • Grumbach Jacob M., 2015. "Polluting industries as climate protagonists: cap and trade and the problem of business preferences," Business and Politics, De Gruyter, vol. 17(4), pages 633-659, December.
  • Handle: RePEc:bpj:buspol:v:17:y:2015:i:4:p:633-659:n:5
    as

    Download full text from publisher

    File URL: https://www.degruyter.com/view/j/bap.2015.17.issue-4/bap-2015-0012/bap-2015-0012.xml?format=INT
    Download Restriction: For access to full text, subscription to the journal or payment for the individual article is required.

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Michael I. Cragg & Yuyu Zhou & Kevin Gurney & Matthew E. Kahn, 2013. "Carbon Geography: The Political Economy Of Congressional Support For Legislation Intended To Mitigate Greenhouse Gas Production," Economic Inquiry, Western Economic Association International, vol. 51(2), pages 1640-1650, April.
    2. Robert Boyer, 2005. "From shareholder value to CEO power: The paradox of the 1990s," PSE Working Papers halshs-00590848, HAL.
    3. Robert Boyer, 2005. "From Shareholder Value to CEO Power: the Paradox of the 1990s," Post-Print halshs-00754109, HAL.
    4. Vormedal Irja, 2011. "From Foe to Friend? Business, the Tipping Point and U.S. Climate Politics," Business and Politics, De Gruyter, vol. 13(3), pages 1-31, October.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bpj:buspol:v:17:y:2015:i:4:p:633-659:n:5. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Peter Golla). General contact details of provider: https://www.degruyter.com .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.