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Making things the same: Gases, emission rights and the politics of carbon markets

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  • MacKenzie, Donald

Abstract

This paper analyses the development of carbon markets: markets in permits to emit greenhouse gases or in credits earned by not emitting them. It describes briefly how such markets have come into being, and discusses in more detail two aspects of the efforts to 'make things the same' in carbon markets: how different gases are made commensurable, and how accountants have struggled to find a standard treatment of 'emission rights'. The paper concludes by discussing the attitude that should be taken to carbon markets (for example by environmentalists) and the possibility of developing a 'politics of market design' oriented to making such markets more effective tools of abatement.

Suggested Citation

  • MacKenzie, Donald, 2009. "Making things the same: Gases, emission rights and the politics of carbon markets," Accounting, Organizations and Society, Elsevier, vol. 34(3-4), pages 440-455, April.
  • Handle: RePEc:eee:aosoci:v:34:y:2009:i:3-4:p:440-455
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    References listed on IDEAS

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    Cited by:

    1. Talbot, David & Boiral, Olivier, 2013. "Can we trust corporates GHG inventories? An investigation among Canada's large final emitters," Energy Policy, Elsevier, vol. 63(C), pages 1075-1085.
    2. repec:bla:ecanth:v:4:y:2017:i:1:p:132-143 is not listed on IDEAS
    3. Qing Pei & Lanlan Liu & David Zhang, 2013. "Carbon emission right as a new property right: rescue CDM developers in China from 2012," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 13(3), pages 307-320, September.
    4. Spash, Clive L. & Theine, Hendrik, 2016. "Voluntary Individual Carbon Trading," SRE-Discussion Papers 5206, WU Vienna University of Economics and Business.
      • Clive L. Spash & Hendrik Theine, 2016. "Voluntary Individual Carbon Trading," SRE-Disc sre-disc-2016_04, Institute for Multilevel Governance and Development, Department of Socioeconomics, Vienna University of Economics and Business.
    5. Finch, John & Geiger, Susi & Reid, Emma, 2017. "Captured by technology? How material agency sustains interaction between regulators and industry actors," Research Policy, Elsevier, vol. 46(1), pages 160-170.
    6. Morgane Le Breton & Franck Aggeri, 2016. "Studying performation: the arrangement of speech, calculation and writing acts within dispositifs," Post-Print halshs-01290800, HAL.
    7. Heinrich Blechinger, Philipp Friedrich & Shah, Kalim U., 2011. "A multi-criteria evaluation of policy instruments for climate change mitigation in the power generation sector of Trinidad and Tobago," Energy Policy, Elsevier, vol. 39(10), pages 6331-6343, October.
    8. Mehrpouya, Afshin & Samiolo, Rita, 2016. "Performance measurement in global governance: Ranking and the politics of variability," Accounting, Organizations and Society, Elsevier, vol. 55(C), pages 12-31.
    9. Sarah Bracking, 2012. "How do Investors Value Environmental Harm/Care? Private Equity Funds, Development Finance Institutions and the Partial Financialization of Nature-based Industries," Development and Change, International Institute of Social Studies, vol. 43(1), pages 271-293, January.
    10. Lohmann, Larry, 2009. "Toward a different debate in environmental accounting: The cases of carbon and cost-benefit," Accounting, Organizations and Society, Elsevier, vol. 34(3-4), pages 499-534, April.
    11. Braun, Marcel, 2009. "The evolution of emissions trading in the European Union - The role of policy networks, knowledge and policy entrepreneurs," Accounting, Organizations and Society, Elsevier, vol. 34(3-4), pages 469-487, April.
    12. repec:bla:ecanth:v:4:y:2017:i:1:p:82-93 is not listed on IDEAS
    13. Frank Hartmann & Paolo Perego & Anna Young, 2013. "Carbon Accounting: Challenges for Research in Management Control and Performance Measurement," Abacus, Accounting Foundation, University of Sydney, vol. 49(4), pages 539-563, December.
    14. Bebbington, Jan & Larrinaga, Carlos, 2014. "Accounting and sustainable development: An exploration," Accounting, Organizations and Society, Elsevier, vol. 39(6), pages 395-413.
    15. Thomson, Ian & Grubnic, Suzana & Georgakopoulos, Georgios, 2014. "Exploring accounting-sustainability hybridisation in the UK public sector," Accounting, Organizations and Society, Elsevier, vol. 39(6), pages 453-476.
    16. Garud, Raghu & Gehman, Joel, 2012. "Metatheoretical perspectives on sustainability journeys: Evolutionary, relational and durational," Research Policy, Elsevier, vol. 41(6), pages 980-995.
    17. Elliott, Rebecca, 2015. "Constructing sustainability: Reframing environmental considerations and the market," economic sociology_the european electronic newsletter, Max Planck Institute for the Study of Societies, vol. 16(2), pages 34-36.
    18. Asdal, Kristin, 2011. "The office: The weakness of numbers and the production of non-authority," Accounting, Organizations and Society, Elsevier, vol. 36(1), pages 1-9, January.
    19. Peter Warwick & Chew Ng, 2012. "The ‘Cost’ of Climate Change: How Carbon Emissions Allowances are Accounted for Amongst European Union Companies," Australian Accounting Review, CPA Australia, vol. 22(1), pages 54-67, March.
    20. Bukvić, Rajko, 2015. "Загађивање Атмосфере И Механизми Кјотског Протокола: Да Ли Је Тржиште Универзално Решење?
      [Pollution of atmosphere and mechanisms of Kyoto Protocole: Is there the market universal solution?]
      ," MPRA Paper 69986, University Library of Munich, Germany.

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