Abstract
The above quotation from a seminal UK document on climate change, ‘This Common Inheritance’, is a clear reminder of the extent to which belief in the possibilities of market economics had penetrated the UK political establishment by 1990. This recognises claims made within new institutionalism that ideas can be acted upon because they represent beliefs, as well as for more strategic purposes. This chapter, instead of taking the PEPP as a fait accompli, analyses the evolution of the PEPP by seeking out how and why this system came into being, as well as by starting to consider the degree to which it became institutionally embedded, and with what consequences.
In the last decade, the case for market economics has emerged, coherent and formidable, as a blueprint for prosperity and a guarantee of freedom.
(Department of the Environment, This Common Inheritance 1990)
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© 2013 Caroline Kuzemko
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Kuzemko, C. (2013). Historical Context, Ideas and Political Practice. In: The Energy Security-Climate Nexus. International Political Economy Series. Palgrave Macmillan, London. https://doi.org/10.1057/9781137307835_4
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DOI: https://doi.org/10.1057/9781137307835_4
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-45568-3
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