Chapter 1 introduces the book and the book chapters. It discusses the exponential increase in anthropogenic greenhouse gas (GHG) emissions in the past decades and outlines the most recent global emissions trends. The chapter then introduces the Paris Agreement and the key domestic climate change policies that are being adopted by countries in order to meet their intended nationally determined contribution (INDCs). Carbon pricing has been increasingly adopted by countries aiming to mitigate GHG emissions. However, even now, many heavy polluters participating in emissions trading schemes (ETSs) are not paying the full price of carbon. Keywords: climate change – greenhouse gas (GHG) emissions – Paris Agreement – intended nationally determined contribution (INDCs) – carbon taxes – emissions trading schemes (ETSs)
The Subsidisation of Heavy Polluters under Emissions Trading Schemes
Elena de Lemos Pinto Aydos
Legal and Policy Aspects
Although we have long moved on from a spacefaring environment dominated by the actions of two State powers, modern space law is still centred on the notion of ‘launching States’, including as the basic concept for applying the Liability Convention. This chapter asks whether the legal framework established at the time of adoption of the Liability Convention is still efficient for the regulation of commercial space ventures, in particular by questioning the continuing relevance and definition of the concept of ‘launching State’. This question will be considered in four steps, discussing in turn (1) the importance of the notion of launching States; (2) the interest of holding States liable for damage caused by a space object; (3) the implications of private entities getting involved in this framework; and (4) the entity carrying the risk created by private space activities. Keywords: launching State; liability; private actors
Legal and Policy Aspects
Jan Wouters, Philip De Man and Rik Hansen
Fighting Inequality Through Capability Oriented Policy
Jean-Michel Bonvin, Benoît Beuret and Stephan Dahmen
This chapter emphasizes the various possible ways to conceive inequality and disadvantage, as well as the multiplicity of individual, social, economic, cultural, institutional, and so on, dimensions involved. The challenge in terms of public policies is then to select one informational basis of inequality, that is, to identify which dimensions of inequality are to be tackled via public policies and which ones can be discarded as less significant. In this selection process, the participation of vulnerable people, directly affected by disadvantage, makes a huge difference, as it can allow a more adequate identification of the inequalities to be tackled. The chapter sheds light on the complex intricacies between inequality and participation, and emphasizes the prerequisites for a full and effective participation of vulnerable people in the design and implementation of public policies struggling against inequality and disadvantage.
This article, first delivered as the keynote at the ‘Transforming Institutions’ conference, discusses the increasing relevance of relations between different international organisations. It provides a discussion of what sort of forms these relations can take, and of the relevant legal questions that arise, relating to the form of instruments, treaty-making powers and procedures, accountability for joint activities, and related issues. It concludes by providing a preliminary assessment in light of some of the relevant theoretical literature.
Brett Fiebiger and Marc Lavoie
In late 2008 a consensus was reached amongst global policymakers that fiscal stimulus was required to counteract the effects of the Great Recession, a view dubbed as the New Fiscalism. Pragmatism triumphed over the stipulations of the New Consensus Macroeconomics, which viewed discretionary fiscal actions as an irrelevant tool of counter-cyclical macroeconomic policy (if not altogether detrimental). The partial re-embrace of Keynes was however relatively short-lived, lasting only until early 2010 when fiscal consolidation came to the forefront again, although the merits of fiscal austerity were questioned when economic recovery did not really materialize in 2012. This paper traces the ups and downs of the debate over the New Fiscalism, especially at the International Monetary Fund, by analysing IMF documents and G20 communiqués. Using fiscal policy as a means to exit the crisis remains contentious even amidst recognition of secular stagnation.