Azeem Azhar's Exponential View cover image

Decarbonization by the Numbers (with Michele Della Vigna)

Azeem Azhar's Exponential View

CHAPTER

The Key Limits of Capital Markets

Capital markets often don't move from the goodness of their heart. There must be something driving at some fundamental maths or risk they are, he says. This is a powerful mechanism, and i believe, by the way, is a very helpful mechanism. But it has limits. And the key limit is that capital markets mostly impact the supply side of things,. but has a limited impact on forcing shifting consume a habit which instead have to come from government, and, to a large extent, from the carbon prici mechanism.

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