Zero: The Climate Race TED Talks Daily : Capitalism broke the climate. Now it can fix it
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Dec 19, 2024 In this engaging discussion, journalist Akshat Rathi, author of Climate Capitalism, tackles the double-edged sword of capitalism in relation to the climate crisis. He explores how market forces can be harnessed for sustainability, highlighting advancements in renewable energy and the potential of government policies to drive green innovation. Rathi also emphasizes the transformative role of businesses in adapting to new regulations and the global shifts seen in countries like China and India towards cleaner energy solutions.
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Solar in India
- Akshat Rathi installed solar panels on his parents' home in India.
- The investment paid off in five years, demonstrating the affordability of solar energy.
Climate Capitalism
- India benefits from cheap solar energy due to market forces and government support.
- Profit-seeking companies drive down solar panel prices, while government subsidies create the market.
Wan Gang and Electric Cars
- Wan Gang, an auto engineer, championed electric cars in China to reduce oil dependence and air pollution.
- His efforts led to government subsidies and regulations favoring electric vehicles.
