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Carbon markets as regulation strategy: States, non-state market actors and public-private climate governance

The thesis looks at whether the development of carbon markets as a key policy instrument to address climate change can be explained by the participation of non-state private market actors in decision-making processes at the institutional level. It looks at the underlying interests and stakes that bo...

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Main Author: Shash, Nouran
Format: Thesis
Published: AUC Knowledge Fountain 2015
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access_status_str Open Access
author Shash, Nouran
author_browse Shash, Nouran
author_facet Shash, Nouran
author_sort Shash, Nouran
collection Thesis
dc_rights_str_mv The author retains all rights with regard to copyright. The author certifies that written permission from the owner(s) of third-party copyrighted matter included in the thesis, dissertation, paper, or record of study has been obtained. The author further certifies that IRB approval has been obtained for this thesis, or that IRB approval is not necessary for this thesis. Insofar as this thesis, dissertation, paper, or record of study is an educational record as defined in the Family Educational Rights and Privacy Act (FERPA) (20 USC 1232g), the author has granted consent to disclosure of it to anyone who requests a copy.
description The thesis looks at whether the development of carbon markets as a key policy instrument to address climate change can be explained by the participation of non-state private market actors in decision-making processes at the institutional level. It looks at the underlying interests and stakes that both states and private non-state market actors have had in carbon trading, the role that states and businesses play in these markets and the implications that the adoption of this instrument has had, in terms of controversies regarding accountability, transparency and justice issues. Through investigating the role of one major private carbon market actor, BP, in policymaking processes, this study provides an example of how corporate interests influenced policy at the institutional level. The main hypothesis is that private non-state market actors influenced state policy in terms of adopting carbon markets designed to benefit and to prevent harm to corporate interests. This is done through mechanisms in which states acted to provide the conditions for effective market conduct, leaving it to market actors to implement the expected results according to their own standards with minimum state control. Market actors, on the other hand, expected states to provide a strong legal framework as well as the political legitimation necessary for market processes by which they could make profits and establish mechanisms for environmental self-regulation. The research uses elements from critical theory and eco-Marxist perspectives to shed light on the neoliberal framework in which these processes have taken place.
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institution American University in Cairo (Egypt)
last_indexed 2026-06-10T12:35:41.195Z
license_str Other — see source repository
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spelling oai:fount.aucegypt.edu:etds-1231 Carbon markets as regulation strategy: States, non-state market actors and public-private climate governance Shash, Nouran The thesis looks at whether the development of carbon markets as a key policy instrument to address climate change can be explained by the participation of non-state private market actors in decision-making processes at the institutional level. It looks at the underlying interests and stakes that both states and private non-state market actors have had in carbon trading, the role that states and businesses play in these markets and the implications that the adoption of this instrument has had, in terms of controversies regarding accountability, transparency and justice issues. Through investigating the role of one major private carbon market actor, BP, in policymaking processes, this study provides an example of how corporate interests influenced policy at the institutional level. The main hypothesis is that private non-state market actors influenced state policy in terms of adopting carbon markets designed to benefit and to prevent harm to corporate interests. This is done through mechanisms in which states acted to provide the conditions for effective market conduct, leaving it to market actors to implement the expected results according to their own standards with minimum state control. Market actors, on the other hand, expected states to provide a strong legal framework as well as the political legitimation necessary for market processes by which they could make profits and establish mechanisms for environmental self-regulation. The research uses elements from critical theory and eco-Marxist perspectives to shed light on the neoliberal framework in which these processes have taken place. 2015-02-01T08:00:00Z thesis application/pdf https://fount.aucegypt.edu/etds/232 https://fount.aucegypt.edu/context/etds/article/1231/viewcontent/Nouran_20Shash__20MA_20Thesis__20The_20American_20University_20in_20Cairo.pdf The author retains all rights with regard to copyright. The author certifies that written permission from the owner(s) of third-party copyrighted matter included in the thesis, dissertation, paper, or record of study has been obtained. The author further certifies that IRB approval has been obtained for this thesis, or that IRB approval is not necessary for this thesis. Insofar as this thesis, dissertation, paper, or record of study is an educational record as defined in the Family Educational Rights and Privacy Act (FERPA) (20 USC 1232g), the author has granted consent to disclosure of it to anyone who requests a copy. Theses and Dissertations AUC Knowledge Fountain carbon markets emissions trading
spellingShingle carbon markets
emissions trading
Shash, Nouran
Carbon markets as regulation strategy: States, non-state market actors and public-private climate governance
title Carbon markets as regulation strategy: States, non-state market actors and public-private climate governance
title_full Carbon markets as regulation strategy: States, non-state market actors and public-private climate governance
title_fullStr Carbon markets as regulation strategy: States, non-state market actors and public-private climate governance
title_full_unstemmed Carbon markets as regulation strategy: States, non-state market actors and public-private climate governance
title_short Carbon markets as regulation strategy: States, non-state market actors and public-private climate governance
title_sort carbon markets as regulation strategy states non state market actors and public private climate governance
topic carbon markets
emissions trading
url https://fount.aucegypt.edu/etds/232
https://fount.aucegypt.edu/context/etds/article/1231/viewcontent/Nouran_20Shash__20MA_20Thesis__20The_20American_20University_20in_20Cairo.pdf
work_keys_str_mv AT shashnouran carbonmarketsasregulationstrategystatesnonstatemarketactorsandpublicprivateclimategovernance