opportunity

Introduction

The establishment of global carbon markets by regulatory fiat would mark the triumph of financial hegemony over the politics of climate change risk. Climate finance practitioners have first multiplied in numbers in the speculative lead-up to Copenhagen’s COP15 and then spectacularly retreated to the wings to wait again for the signs of easy short-term profit, an ebb and flow marking new high tide for what Christian Marazzi (2010) has called the ‘violence of financial capitalism’.