TED Talks Daily Capitalism broke the climate. Now it can fix it | Akshat Rathi
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Sep 23, 2024 In a thought-provoking discussion, journalist Akshat Rathi dives into how capitalism, often blamed for climate issues, can actually be a key player in solving them. He introduces the concept of 'climate capitalism,' advocating for market forces to shift towards sustainability. Rathi shares examples of successful government initiatives, like electric vehicles in China, and highlights the importance of carbon pricing. His insights challenge us to rethink economic models as tools for a greener future.
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Solar Panels 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 and Solar
- India benefits from cheap solar energy despite not inventing or manufacturing most components.
- This is due to profit-driven companies and government subsidies/regulations.
Wan Gang and Electric Cars in China
- Wan Gang, a Chinese auto engineer, advocated for electric cars to reduce China's oil dependence.
- Government subsidies and regulations helped China's electric car industry become a global leader.