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‘Fixing’ the climate crisis: capital, states, and carbon offsetting in India

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  • Gareth Bryant
  • Siddhartha Dabhi
  • Steffen Böhm

Abstract

The paper analyzes dynamics of accumulation and displacement in the Clean Development Mechanism (CDM). It combines the theoretical work of David Harvey and James O’Connor with a case study of the Gujarat Fluorochemicals Limited HFC-23 destruction project in Gujarat, India. The framework is used to connect the factors driving opportunities for capital accumulation in the CDM market with the causes of social and ecological dislocation at the local project level. We argue that the CDM is a spatial fix to the ecological crisis of climate change which secures conditions of production for fossil fuel industries and promotes new sites of accumulation for other companies. The political–economic ‘fix’ is dependent on ‘fixing’ a global sociospatial divide between developed and developing countries down to ‘fixed’ projects at the local level. This spatial fix facilitates a displacement of the costs of responding to the climate crisis from North to South.

Suggested Citation

  • Gareth Bryant & Siddhartha Dabhi & Steffen Böhm, 2015. "‘Fixing’ the climate crisis: capital, states, and carbon offsetting in India," Environment and Planning A, , vol. 47(10), pages 2047-2063, October.
    • Handle: RePEc:sae:envira:v:47:y:2015:i:10:p:2047-2063
    DOI: 10.1068/a130213p
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    References listed on IDEAS

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    1. Stern,Nicholas, 2007. "The Economics of Climate Change," Cambridge Books, Cambridge University Press, number 9780521700801.
    2. Harvey, David, 2005. "The New Imperialism," OUP Catalogue, Oxford University Press, number 9780199278084, Decembrie.
    3. K. Dhanda & Laura Hartman, 2011. "The Ethics of Carbon Neutrality: A Critical Examination of Voluntary Carbon Offset Providers," Journal of Business Ethics, Springer, vol. 100(1), pages 119-149, April.
    4. David L. Levy & Daniel Egan, 1998. "Capital Contests: National and Transnational Channels of Corporate Influence on the Climate Change Negotiations," Politics & Society, , vol. 26(3), pages 337-361, September.
    5. repec:dau:papers:123456789/10174 is not listed on IDEAS
    6. Emma Paulsson, 2009. "A review of the CDM literature: from fine-tuning to critical scrutiny?," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 9(1), pages 63-80, February.
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    Cited by:

    1. Bryant, Gareth, 2016. "Creating a level playing field? The concentration and centralisation of emissions in the European Union Emissions Trading System," Energy Policy, Elsevier, vol. 99(C), pages 308-318.

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