3. Making Markets Out of Thin Air: A Case of Capital Involution1

  1. Peter Newell1,
  2. Maxwell Boykoff2 and
  3. Emily Boyd3
  1. María Gutiérrez

Published Online: 17 FEB 2012

DOI: 10.1002/9781118315835.ch3

The New Carbon Economy

The New Carbon Economy

How to Cite

Gutiérrez, M. (2012) Making Markets Out of Thin Air: A Case of Capital Involution1, in The New Carbon Economy (eds P. Newell, M. Boykoff and E. Boyd), John Wiley & Sons, Ltd, Chichester, UK. doi: 10.1002/9781118315835.ch3

Editor Information

  1. 1

    University of Sussex, UK

  2. 2

    University of Colorado, USA

  3. 3

    University of Reading, UK

Publication History

  1. Published Online: 17 FEB 2012
  2. Published Print: 27 JAN 2012

ISBN Information

Print ISBN: 9781444350227

Online ISBN: 9781118315835



  • markets, capital involution;
  • new market “niche”;
  • low-income communities;
  • small-scalers' exclusion;
  • capitalism, uneven development;
  • carbon sequestration;
  • real offsets, in emissions;
  • carbon sinks;
  • “natural disturbances”


This chapter contains sections titled:

  • Introduction

  • “From the point of view of the atmosphere”?

  • Negotiating Sinks

  • The Problem with Sinks

  • Sinks under the CDM

  • On the Role of Time and Risk in Reproducing Uneven Development

  • On Capital Involution

  • Endnotes

  • References