A retrospective look at cap & trade
Of the various issues mired in severe and ongoing party polarization, climate crisis is among the most puzzling. Despite longstanding discussions of bipartisan market-based policy proposals like carbon taxes and cap and trade, large-scale government and industry action remains elusive.
In a masterful 2013 book-length report, Harvard political scientist THEDA SKOCPOL offers an autopsy of the 2009-10 push for cap and trade legislation. The detail-rich account illuminates not just the legislation's failure, and its leaders in the U.S. Climate Action Partnership (USCAP), but the innumerable complexities of the broader Washington policymaking apparatus.
"If environmental politics in America was ever a matter of working out shared bipartisan solutions to expert-assessed problems, it is now far from that—but in what ways and why? And what is to be done? My report ponders these matters.
The corporations that participated in USCAP could double their bottom-line bets—by participating in the "strange-bedfellows" effort to hammer out draft climate legislation that was as favorable as possible to their industry or their firms. But heads of the leading environmental organizations in USCAP had to stick by whatever commitments they made in the internal coalitional process, or else it would fall apart.
The USCAP campaign was designed and conducted in an insider-grand-bargaining political style that, unbeknownst to its sponsors, was unlikely to succeed given fast-changing realities in U.S. partisan politics and governing institutions."
Link to the full report.
- In the footnotes: Eric Pooley's 2010 book The Climate War, which provides an in-depth account of the activities of USCAP. Link to an excerpt from the book, link to the publisher page.
- A 2011 paper by Michele Betsill and Matthew Hoffman examines the "contours" of cap and trade, through an analysis of 33 distinct policy venues. Link. And a 2015 paper tracks climate adaptation planning across 156 U.S. municipalities. Link.
- A previous newsletter highlighted Skocpol's essential work on US welfare history. Link to the archived letter. And link to a recent blog post featuring climate academic Leah Stokes's recommended readings on climate-related research.