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The political economy of climate change: the impasse and way out

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  • Fusheng Xie
  • Han Cheng

Abstract

Mainstream economics attributes climate change to negative externalities of carbon emissions and the lack of climate property rights. Although market-based strategies such as emission trading are widely implemented under the guideline of mainstream economics, there is no evidence that the accelerating trend of global warming has been contained. Marxian economists criticise the theoretical point of departure of the mainstream perspective about climate change and climate governance, and propose an alternative analytical framework focussing on the relationship between climate and capital accumulation. Following the Marxian perspective, we discuss the subject, nature, strategy, and possibility of a popular climate movement that could serve as an alternative to the existing mainstream climate governance.

Suggested Citation

  • Fusheng Xie & Han Cheng, 2021. "The political economy of climate change: the impasse and way out," Economic and Political Studies, Taylor & Francis Journals, vol. 9(3), pages 315-335, July.
  • Handle: RePEc:taf:repsxx:v:9:y:2021:i:3:p:315-335
    DOI: 10.1080/20954816.2021.1885780
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    Cited by:

    1. Liu, Yongzheng & Zhang, Xiaoge, 2023. "Environmental regulation, political incentives, and mortality in China," European Journal of Political Economy, Elsevier, vol. 78(C).
    2. Chen, Lin & Wen, Fenghua & Zhang, Yun & Miao, Xiao, 2023. "Oil supply expectations and corporate social responsibility," International Review of Financial Analysis, Elsevier, vol. 87(C).

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