The Transition to the Clean Energy Economy Is Not a Big Cost Benefit Problem

Until very recently, the prevailing wisdom cautioned that transitioning to a clean energy economy would be extremely expensive, and therefore only possible if undertaken slowly. New research upends that thinking—when it comes to going green, the faster we go, the cheaper it will be. University of Oxford professors Eric Beinhocker and Doyne Farmer talk with Nick about a new strategy for clean technology that could transform the climate fight. 

Eric Beinhocker is a Professor of Public Policy Practice at the Blavatnik School of Government and the Executive Director of the Institute for New Economic Thinking at the University of Oxford’s Martin School. He is also a Supernumerary Fellow in Economics at Oriel College, and External Professor at the Santa Fe Institute. 

Twitter: @EricBeinhocker

Doyne Farmer is Director of the Complexity Economics program at the Institute for New Economic Thinking. He is Baillie Gifford Professor in the Mathematical Institute at the University of Oxford and an External Professor at the Santa Fe Institute. 

Website: http://www.doynefarmer.com/

Going big and fast on renewables could save trillions in energy costs: https://www.washingtonpost.com/business/energy/going-big-and-fast-on-renewables-would-save-trillions-in-energy-costs/

A new strategy for climate: make the clean stuff cheap - https://democracyjournal.org/arguments/a-new-strategy-for-climate-make-the-clean-stuff-cheap/ 

Website: http://pitchforkeconomics.com/

Twitter: @PitchforkEcon

Instagram: @pitchforkeconomics

Nick’s twitter: @NickHanauer