Here’s my recent paper The Prey of Uncertainty: Climate Change as Opportunity.
In this article I describe the post-Copenhagen moment in carbon markets and climate politics as one characterised by deep uncertainty. Uncertainty describes the social experience of emerging climate policy, but it is also business strategy. Uncertainty is necessary for markets to function. To understand this, I look toward practices of capitalism, which produce the future as indeterminate. Uncertainty is generated by business practices of treating conventions – rules and institutions, but also social conventions such as people’s ‘green’ expectations – in terms of their material opportunities. Treating conventions as always open to negotiation requires an ambitious or speculative ethos. Rather than projecting a stable vision of reality, nature or truth, these practitioners constantly ask, what can we do with these possibilities? I project that the near future will involve a proliferation of low-value, nontransparent carbon markets without any binding global cap on emissions.
The objective here is not only to capture the sense surrounding a rapid (and radical) market expansion over the period of 2008-2010, but to do so through practices we can associate with the new politics of possibility. As I argue in the paper, the issue here is creative work involved in manipulating diverse material connections. It is a kind of speculative realism, but one in which the speculation is that of actors whose work can be described ethnographically (see, for a different take, the post Apocalypse? Or Forward Curve?).
In fact, there is a metaphysical point to be made, in the sense that uncertainty entails a situation in which it is impossible to gain a stable vantage point or satisfactory perspective from which to assess climate futures. In this sense metaphysics is required by market actors themselves. They grasp toward a perspective on the real which is simply not available without metaphysical speculation. But, if so, their metaphysics so far is unrecognizable to philosophy.