Power, Policy and Profit
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Power, Policy and Profit

Corporate Engagement in Politics and Governance

Edited by Christina Garsten and Adrienne Sörbom

Power, Policy and Profit investigates the manifold ways in which corporate actors attempt to broadly influence political activities. With intensified globalization of markets, the restructuring of provisions of welfare services and accumulation of private capital opportunities for corporate influence in politics affairs have multiplied. Bringing together scholars from different fields in the study of global governance, the volume addresses the rising influence and power of corporate actors on the national and transnational political scene.
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Chapter 3: Policymaking as collective bricolage: the role of the electricity sector in the making of the European carbon market

Mélodie Cartel, Eva Boxenbaum, Franck Aggeri and Jean-Yves Caneill


Drawing on the case of construction of the European carbon market (EU-ETS) Cartel, Boxenbaum , Aggeri and Caneill address the question of how public policies can be designed and implemented when facing strong reluctance from both politicians and private corporations. The EU-ETS was adopted in 2003 as the corner stone of the European climate policy. The authors analyse the collective dynamics of the making of the European carbon market. Based on a rich set of archival data and interviews, the analysis reconstitutes the original strategy deployed by the electricity sector to implement a carbon market in Europe. From 1999 to 2001, a handful of actors in the sector organized two successive experiments where they invited industrial companies to build and test various carbon market prototypes. The chapter indicates that these experiments triggered an intellectual shift among participants and considerably fuelled the policymaking process that led to the EU-ETS.

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