Existential Politics: Why Climate Policy Fails by Ignoring Asset Revaluation
By
Jessica F. Green
Tries hard. Doesn't quite make it out of the oven in one piece.
Summary
This article reviews Jessica Green's book "Existential Politics," which argues that the Paris Agreement and voluntary climate efforts are failing because governments have misdiagnosed the political problem of climate change. Instead of focusing on technical approaches like measuring, reporting, and trading emissions ("managing tons"), Green contends that the real political challenge lies in how climate change and climate policy will revalue assets, creating winners and losers. The piece presents a new framework for understanding climate politics through the lens of asset revaluation.
Key quotes
· 4 pulledIt's no secret that the Paris Agreement and voluntary efforts to address climate change are failing.
Governments have spent three decades crafting international rules to manage the climate crisis yet have made little progress on decarbonization.
Governments have misdiagnosed the political problem of climate change, focusing relentlessly on measuring, reporting, and trading emissions.
This technical approach of 'managing tons' ignores the ways that climate change and climate policy will revalue assets, creating winners and losers.
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