Law and Regulation for the 21st Century
New Horizons in Environmental and Energy Law series
Mapping the definitional field of global environmental governance
The environment is a specific issue area in the global governance milieu that increasingly requires a global regulatory response. This is so because environmental degradation and resource depletion, for example, lead to externalities which ‘may persist within a single jurisdiction, across political jurisdictions, or intertemporally’.2 Global governance, as we have seen, typically deals with these externalities to the extent that it seeks to solve collective global problems, reduce costs, and protect and increase common benefits and interests. It is a regulatory response through which the world endeavours to create and apply institutional arrangements that make regulatory action possible in the global context. This would apply equally to global environmental issues.
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