The influence of lobbying on climate policies; or, why the world might fail

How can the malign and growing influence of lobbying on global climate policies be checked? In this short piece I link some wide-ranging suggestions for academic research by environment and development economists that is needed to further this aim, with the key idea in Acemoglu and Robinson's (...

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Bibliographic Details
Published in:Environment and development economics 2014-06, Vol.19 (3), p.329-332
Main Author: PEZZEY, JOHN C. V.
Format: Article
Language:English
Subjects:
Carbon
Climate change
Climate policy
Costs
Developing countries
Economic growth
Economics
Economists
Emissions
Energy economics
Energy industry
Environmental economics
Environmental policy
Forum
Global climate
Innovations
LDCs
Lobbying
Mining industry
Political advertising
Political power
Politics
Rent-seeking
Revolutions
Structural adjustment
Studies
Windfall profits
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Summary:How can the malign and growing influence of lobbying on global climate policies be checked? In this short piece I link some wide-ranging suggestions for academic research by environment and development economists that is needed to further this aim, with the key idea in Acemoglu and Robinson's (2012) Why Nations Fail . Their book argues strongly that sustained, very long-term economic growth through national industrial revolutions requires ‘inclusive institutions’ that distribute political power broadly over a nation's economic, class and geographical sectors. This is because long-term growth needs technical innovations, which cause creative destruction (structural adjustment) of existing technologies, which in turn harms the interests of existing elites. If elites are too powerful, they will block new technologies, so as to keep their powers to extract rents from the rest of society, and the nation will then fail (to grow sustainably).
ISSN:1355-770X
1469-4395
DOI:10.1017/S1355770X14000345