Article2012

How Climate Change Became a Business Risk: Analyzing Nonstate Agency in Global Climate Politics

69 citations0/0 files storedEnvironment and Planning C Government and Policy

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Abstract

Climate change is widely acknowledged as a key business risk. Companies around the globe are taking action to mitigate their carbon emissions, develop climate-friendly products and services, and prepare for the negative impacts of climate change for their operations. Financial investors, on their part, are becoming more concerned about business responses to climate change and begin to demand concrete risk management strategies. In this context an increasing number of private initiatives are seeking to change business behaviour in a more sustainable direction. Key instruments used are governance by disclosure. This paper explores the agency of nonstate actors in manufacturing climate change into a key business risk, a development that enabled the use of disclosure-based governance mechanisms in global climate politics.

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References

2002Legitimacy and the Privatization of Environmental Governance: How Non–State Market–Driven (NSMD) Governance Systems Gain Rule–Making Authority 1999Private authority and international affairs 2002The Emergence of Private Authority in Global Governance 2003Policy without polity? Policy analysis and the institutional void 2006Planting Trees to Mitigate Climate Change: Contested Discourses of Ecological Modernization, Green Governmentality and Civic Environmentalism 2008Beyond the public and private divide: remapping transnational climate governance in the 21st century 2010Governing Climate Change 2007Private Institutions and Global Governance: The New Politics of Environmental Sustainability

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