skip to Main Content

Private Governance and Public Authority. Regulating Sustainability in a Global Economy

Renckens, Stefan. 2020. Private Governance and Public Authority. Regulating Sustainability in a Global Economy. Cambridge: Cambridge University Press.

Abstract

At a time of significant concern about the sustainability of the global economy, businesses are eager to display responsible corporate practices. While rulemaking for these practices was once the prerogative of states, businesses and civil society actors are increasingly engaged in creating private rulemaking instruments, such as eco-labeling and certification schemes, to govern corporate behavior. When does a public authority intervene in such private governance and reassert the primacy of public policy? Renckens develops a new theory of public-private regulatory interactions and argues that when and how a public authority intervenes in private governance depends on the economic benefits to domestic producers that such intervention generates and the degree of fragmentation of private governance schemes. Drawing on European Union policymaking on organic agriculture, biofuels, fisheries, and fair trade, he exposes the political-economic conflicts between private and public rule makers and the strategic nature of regulating sustainability in a global economy.

More information about the book available here

You might like these publication categories

Recent publications

Climate Refugees: Global, Local and Critical Approaches

The last few years have witnessed a flurry of activity in global governance and international lawseeking to address the protection…

The Political Impact of the Sustainable Development Goals: Transforming Governance Through Global Goals?

Written by an international team of over sixty experts and drawing on over three thousand scientific studies, this is the…

The Normative Foundations of International Climate Adaptation Finance

Billions of dollars are annually transferred to poor nations to help them adapt to the effects of climate change. This…