2016
DOI: 10.1007/s10584-016-1777-z
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All hands on deck: polycentric governance for climate change insurance

Abstract: In this essay, we argue that it is possible to significantly complement and improve our collective response to climate change by harnessing the combined capacities of key actors across the public and private sector. We apply the concepts of liability, market mechanisms, preferential market access, and polycentric governance toward a new type of climate change insurance for CO 2 . The quest to apply insurance principles to climate change dates back multiple decades. But ideas for employing the industry's abilit… Show more

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Cited by 32 publications
(10 citation statements)
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“…The complexity of the actor network has often been characterized using the concept of polycentric governance. In recent years, much of this research has focused on global climate politics and the Paris Agreement, which was signed in 2015 (see particularly Cole 2015;Gillard et al 2017;Jordan et al 2018;Morrison 2017;Oberthür 2016;Ostrom 2012;Spreng, Sovacool, and Spreng 2016). Polycentricity describes a situation in which multiple actors from different parts of a system interact to produce decentralized outcomes (Carlisle and Gruby 2017).…”
Section: Polycentric Governance Discourse Network and Policy Blockagementioning
confidence: 99%
“…The complexity of the actor network has often been characterized using the concept of polycentric governance. In recent years, much of this research has focused on global climate politics and the Paris Agreement, which was signed in 2015 (see particularly Cole 2015;Gillard et al 2017;Jordan et al 2018;Morrison 2017;Oberthür 2016;Ostrom 2012;Spreng, Sovacool, and Spreng 2016). Polycentricity describes a situation in which multiple actors from different parts of a system interact to produce decentralized outcomes (Carlisle and Gruby 2017).…”
Section: Polycentric Governance Discourse Network and Policy Blockagementioning
confidence: 99%
“…In polycentric governance, high‐level actors, trans‐national commissions, governments, and multilateral organizations usually have some but limited decision‐making power. Decision‐making power in this context refers not only to the ability to legislate and allocate resources, but also to undertake structural adjustment, redesign markets, and regulate externalities . More often than not, states play a dominant role by retaining ultimate control over critical environmental resources such as water and forests.…”
Section: Locating Power and Authority In Polycentric Climate Governancementioning
confidence: 99%
“…Research in this area also maps out how networks of policy elites are engaging in the climate debate (Fisher, Leifeld, et al 2013;Fisher, Waggle, et al 2013;Fisher et al 2018). Similar claims are made in the social science literature on polycentric governance (Cole 2015;Dorsch and Flachsland 2017;Gillard et al 2017;Hsu et al 2017;Ostrom 2014;Spreng and Sovacool 2016), with some focus on global climate politics since the Paris Agreement was signed in 2015 (Oberthür 2016;Victor et al 2017). Polycentricity refers to a form of governance with multiple centers of semiautonomous decision making.…”
Section: Governancementioning
confidence: 68%