Capitalism and Climate Change: Theoretical Discussion, Historical Development and Policy Responses

228 Pages·2012·0.924 MB·English

by  Max Koch (auth.)

Capitalism and Climate Change
AlsobyMaxKoch
ROADSTOPOST-FORDISM:LabourMarketsandSocialStructuresinEurope
DIVERSITY, STANDARDIZATION AND SOCIAL TRANSFORMATION: Gender,
EthnicityandInequalityinEurope(co-editedwithL.McMillanandB.Peper)
Capitalism and Climate
Change
Theoretical Discussion, Historical
Development and Policy Responses
Max Koch
LundUniversity,Sweden
©MaxKoch2012
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This book is dedicated to my wife Eileen Laurie, with my
deepest gratitude for her love, companionship and solidarity.
Thank you for never taking anything for granted.
Contents
ListofTables ix
Acknowledgements xi
ListofAbbreviations xii
Introduction 1
Part I CapitalistDevelopmentandtheRegulation
ofSocietyandNature
1 NatureandtheWorkProcess 17
2 Capitalism,NatureandClimateChange:AStructural
Analysis 25
3 TheRegulationofNatureandSocietyinDifferent
CapitalistGrowthStrategies 36
Part II Fordism
4 TheOriginsofaNewAccumulationRegime 49
5 TheGeographicExtensionofFordism 58
6 ModeofSocietalisationandConsumptionNorm 68
7 AFossilEnergyRegime 76
Part III Finance-DrivenCapitalism
8 TheRiseofaFinance-DrivenAccumulationRegime 89
9 TheRecompositionoftheInternationalDivisionof
Labour 102
10 AWorldwideConsumptionNorm(BasedonDebt)andthe
FinancialCrisis 112
11 TheGlobalisationoftheFossilEnergyRegime 122
vii
viii Contents
Part IV TheInternationalRegulationofClimate
ChangeortheCommodificationoftheAtmosphere
12 MultinationalGovernanceinanUnequalWorld:The
KyotoProcessandtheActorsInvolved 137
13 TheoryandPracticeofCarbonEmissionTrading:TheCase
oftheEUETS 155
14 TheFlawsofFree-MarketSolutionsforClimateChange
PreventionandTheirHomologytoFinance-Driven
Capitalism 167
ConcludingRemarks 178
Notes 194
References 202
Index 214
List of Tables
2.1 Tensionsbetweencapitalistdevelopmentandnature 33
5.1 RatesofGDPgrowthpercapitaintheWesternworld:
1820–1989 61
5.2 Comparativelevelsoflabourproductivity:1913–1989
(USGDPperlabourhour=100) 62
5.3 RatesofGDPgrowthpercapitainthedevelopingworld:
1820–1989 65
5.4 RatesofGDPgrowthpercapitainHungary,
CzechoslovakiaandtheformerUSSR:1820–1989 67
7.1 Theworld’stotalprimaryenergysupply1973:Regional
shares(totalsupply:6,115Mtoe) 81
7.2 World’stotalprimaryenergysupplybyfuelshares1973
(totalsupply:6,115Mtoe) 82
7.3 Contributionofrenewablestoenergysupply
(percentageoftotalprimaryenergysupply)1971 83
7.4 WorldpopulationandCO emissionsbyregion1973 84
2
7.5 Theworld’sCO emissionspercapita1950–1973:
2
Developinganddevelopedcountries 85
8.1 LabourproductivitygrowthinselectedEuropean
countries,USandJapan:1961–2010 90
8.2 GDPgrowthinselectedEuropeancountries,USand
Japan:1961–2010 91
8.3 NationalregulatorychangesinrelationtoFDI:
1992–2008 97
8.4 WageshareinselectedEuropeancountries,USand
Japan:1961–2010 99
8.5 Investmentaspercentageofoperatingsurplusin
selectedcountries 100
8.6 DevelopmentoftheglobalnominalGDPandfinancial
stocks:1980–2006($trillion) 101
9.1 Foreigndirectinvestment:Selectedindicators
1982–2008 103
9.2 DomesticdebtandGDPintheUS($trillion) 104
9.3 GDPgrowthinthedevelopingworld:1980–2009 107
ix
x ListofTables
9.4 FDIinwardstockbyregionandeconomy:1990–2008
($million) 108
10.1 RealwagesinselectedEuropeancountries,USand
Japan:1961–2010 113
10.2 Householddebtaspercentageofdisposableincomein
selectedcountries 113
11.1 Energyintensitycompared:Totalprimaryenergy
consumptionper$ofGDP:Britishthermalunits(Btu)
per(2000)US$ 124
11.2 World’stotalprimaryenergysupply2007:Regional
shares(totalsupply:12029Mtoe) 126
11.3 World’stotalprimaryenergysupplybyfuelshares2007
(totalsupply:12029Mtoe) 127
11.4 Contributionofrenewablestoenergysupply
(percentageoftotalprimaryenergysupply) 128
11.5 WorldpopulationandCO emissionsbyregion2007 129
2
11.6 CO emissions1975–2005:intonnesperpersonanda
2
country’spercentageoftheworld’stotalCO emissions 131
2
12.1 Globalincomeinequality(Ginicoefficients)1952–2000 141
13.1 Verifiedemissions,averageallocationsandnumberof
installationsinEUETS(EU27minusRomania,Bulgaria
andMalta)2005–2009 163