‘Skovgaard’s excellent book explores how the IMF, OECD and G20 address the global threat of climate change and frame it as an economic issue. It provides a timely analysis of the increasing economisation of climate policy - its strengths and limitations. Most importantly, it shines a light on the questions of power and justice that are often hidden in economic discourses.’
Robert Falkner - London School of Economics and Political Science
‘Climate change can be reduced to the failure of the economic system to adequately recognize and price the short and long term benefits and costs of economic activity. After years of progress on climate change in the scientific, civil society, and environmental sphere, climate change is starting to become ‘mainstreamed’ by the G20, IMF, and beyond. While Skovgaard recognizes that in some ways permeation of core international economic institutions is paramount to tackling the climate challenge, he also shows how these institutions ‘economize’ climate change in a manner that may result in the fox guarding the henhouse. This book is essential reading for those wishing to trace the evolution of climate policy from scientific communities and civil society to the halls of economic power in order to help us understand the nature of the challenge for scholars and policy makers alike.’
Kevin P. Gallagher - Boston University
'The need to shift the way finance operates is now widely recognized as essential for the societal transformations necessary to prevent dangerous climate change. Skovgaard’s careful and sobering analysis shows both the power of three key global institutions - the IMF, G20, and OECD - to influence major financial reforms like ending fossil fuel subsidies, but also how their worldviews reinforce current practices that militate against the needed paradigm shift in climate finance. Anyone who wants to understand the opportunities and limits of these institutions’ economization of climate change will want to read this book.'
Steven Bernstein - University of Toronto