States and markets in global environmental governance: The role of tipping points in international regime formation

Abstract

This article develops a model for analysing international regime formation in the environmental domain. It is argued that current approaches to understanding how regimes emerge and develop are too narrow, and fail to account for the dynamic interplay between states and markets which induce the emergence of ‘tipping points’ leading to more extensive and stringent international institutions. The article demonstrates the central role of tipping points in regime formation using the example of international climate change.