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The Supply Side of Climate Policies: Keeping Unburnable Fossil Fuels in the Ground

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  • Lorenzo Pellegrini
  • Murat Arsel

Abstract

As the urgency of responding to climate change and the insufficiency of current demand-side policies to mitigate greenhouse gas emissions become clearer, supply-side initiatives are beginning to gain prominence and acceptance globally. Policies such as moratoria and compensation for leaving fossil fuels unextracted in exchange for financial compensation of rights owners are likely to be effective and complementary to existing policies. A number of unknowns remain regarding the operationalization of supply-side policies, such as how to establish a binding international agreement and how to raise and allocate financial compensation for nonextraction. Nevertheless, the need for supply-side policies only emphasizes the importance of imaginative and bold initiatives within the current conjuncture of global environmental politics.

Suggested Citation

  • Lorenzo Pellegrini & Murat Arsel, 2022. "The Supply Side of Climate Policies: Keeping Unburnable Fossil Fuels in the Ground," Global Environmental Politics, MIT Press, vol. 22(4), pages 1-14, Autumn.
    • Handle: RePEc:tpr:glenvp:v:22:y:2022:i:4:p:1-14
    DOI: 10.1162/glep_a_00691
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    Citations

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    Cited by:

    1. Alessandra Arcuri & Kyla Tienhaara & Lorenzo Pellegrini, 2024. "Investment law v. supply-side climate policies: insights from Rockhopper v. Italy and Lone Pine v. Canada," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 24(1), pages 193-216, March.
    2. Augusto Heras, 2024. "Supply-side climate policy and fossil fuels in developing countries: a neo-Gramscian perspective," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 24(1), pages 49-74, March.
    3. Joyeeta Gupta & Yang Chen & David I. Armstrong Mckay & Paola Fezzigna & Giuliana Gentile & Aljoscha Karg & Luc Vliet & Steven J. Lade & Lisa Jacobson, 2024. "Applying earth system justice to phase out fossil fuels: learning from the injustice of adopting 1.5 °C over 1 °C," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 24(1), pages 233-255, March.
    4. Clara McDonnell, 2024. "Pension funds and fossil fuel phase-out: historical developments and limitations of pension climate strategies," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 24(1), pages 169-191, March.
    5. Peter Newell & Angela Carter, 2024. "Understanding supply-side climate policies: towards an interdisciplinary framework," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 24(1), pages 7-26, March.
    6. Lorenzo Pellegrini & Murat Arsel & Gorka Muñoa & Guillem Rius-Taberner & Carlos Mena & Martí Orta-Martínez, 2024. "The atlas of unburnable oil for supply-side climate policies," Nature Communications, Nature, vol. 15(1), pages 1-13, December.

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