Corporate Engagement in Politics and Governance
Edited by Christina Garsten and Adrienne Sörbom
Chapter 3: Policymaking as collective bricolage: the role of the electricity sector in the making of the European carbon market
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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