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Climate Change: The Political Economy of Kyoto Flexible Mechanisms

Author

Listed:
  • Andriana Vlachou

    (Athens University of Economics and Business, Greece, vlachou@aueb.gr)

  • Charalampos Konstantinidis

    (University of Massachusetts, Amherst, USA)

Abstract

The Kyoto Protocol entered into force on February 16, 2005. Emissions reductions targets established by the protocol will be met by domestic policies and by three international flexible mechanisms: clean development, joint implementation, and emissions trading. Following a value-theoretic and class-based approach, the purpose of this paper is to analyze these flexible mechanisms. In particular, the paper investigates the nature and adoption of flexible mechanisms, and their class and environmental links and implications. Carbon-intensive capitalist firms and developed economies are found to be exerting great influence on the shaping and implementation of flexible mechanisms. Environmental effectiveness and justice, and equal sustainable development raised and claimed by worker-citizens, social movements, local communities, and developing countries have not been secured. Thus flexible mechanisms do not present a real challenge to current institutions and practices for sustainable climate conditions for the workers-citizen of the world. JEL classification: B5, P1, Q4

Suggested Citation

  • Andriana Vlachou & Charalampos Konstantinidis, 2010. "Climate Change: The Political Economy of Kyoto Flexible Mechanisms," Review of Radical Political Economics, Union for Radical Political Economics, vol. 42(1), pages 32-49, March.
    • Handle: RePEc:sae:reorpe:v:42:y:2010:i:1:p:32-49
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    Citations

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    Cited by:

    1. Yusri, I.M. & Mamat, R. & Najafi, G. & Razman, A. & Awad, Omar I. & Azmi, W.H. & Ishak, W.F.W. & Shaiful, A.I.M., 2017. "Alcohol based automotive fuels from first four alcohol family in compression and spark ignition engine: A review on engine performance and exhaust emissions," Renewable and Sustainable Energy Reviews, Elsevier, vol. 77(C), pages 169-181.
    2. Kathleen McAfee, 2012. "The Contradictory Logic of Global Ecosystem Services Markets," Development and Change, International Institute of Social Studies, vol. 43(1), pages 105-131, January.

    More about this item

    Keywords

    climate change; labor value theory; environmental policies; Kyoto Protocol;
    All these keywords.

    JEL classification:

    • B5 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches
    • P1 - Political Economy and Comparative Economic Systems - - Capitalist Economies
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy

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