Existential Politics: Why Climate Governance Fails by Ignoring Asset Revaluation
By
Jessica F. Green
Summary
Jessica Green's "Existential Politics" argues that the Paris Agreement and voluntary climate efforts are failing because governments have misdiagnosed the political problem. Instead of focusing on measuring, reporting, and trading emissions ("managing tons"), Green contends that climate change must be understood through the lens of asset revaluation—how climate policy will create winners and losers by changing the value of assets. The article critiques the technical, managerial approach to climate governance and proposes a new political framework centered on the existential stakes of asset revaluation.
Source
bskyExistential Politics: Why Climate Governance Fails by Ignoring Asset Revaluationpress.princeton.eduKey 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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