Reading: Marxism and Carbon Markets

A reading titled ‘Greening Capitalism? A Marxist Critique of Carbon Markets’ by Steffan Bohm, Maria Misoczky and Sandra Moog that discusses a Marxist assessment of carbon markets and their role in the evolution of global capitalism and climate change. The reading discusses four major marxist concepts: metabolic rift, capitalism and world ecology, uneven development and accumulation through dispossession, sub-imperialism, to establish a structure for an analysis of carbon markets. The reading further discusses the importance of understanding historical global capitalism development and its link to nature, especially within the Global South. 

Students will learn about Marx’s theories and carbon markets and their role in mitigating climate change. They will also learn about the concept of ‘greening capitalism’ and its role in the future of economic growth and development. Students will further learn about the importance of mapping and acknowledging historical global capitalism development to understand the current state of climate change in the Global South. 

Use this tool to help your students find answers to: 

  1. What is Greening Capitalism? 
  2. Explain the link between history, capitalism and nature in the Global South
  3. Carbon markets could affect capitalist dynamics to achieve a global sustainable economy. Discuss 

About the tool

Tool NameGreening Capitalism? A Marxist Critique of Carbon Markets
DisciplineEconomics, Social Sciences
Topic(s) in DisciplineMarxist Theory of Capitalism, Marx, Capitalism, Greening Capitalism, Historical Materialism, Economic Policy, Marxism
Climate Topic Energy, Economics and Climate Change, Policies, Politics and Environmental Governance 
Type of tool Reading 
Grade LevelUndergraduate, Graduate
Developed bySteffan Bohm, Maria Misoczky and Sandra Moog
Hosted atResearch Gate
Computer SkillsBasic