New Economics Podcast
Can capitalism save the climate
Feb 29, 2024
Exploring the illusions of green capitalism, the reliance on carbon offsets, challenges of renewable energy, and the role of asset managers in the climate crisis. Guests discuss economic valuation of nature, profit motives in sustainability, and why wind and solar energy aren't embraced. Join the conversation on whether capitalism can truly save the planet!
45:49
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Quick takeaways
- Green capitalism relies on market mechanisms for environmental solutions, prioritizing profit over sustainability.
- Transition to renewable energy faces challenges due to profitability concerns and slow adoption by capitalist firms.
Deep dives
Understanding Green Capitalism
Green capitalism relies on market mechanisms to address environmental challenges by incentivizing profit maximization. This approach assumes that rational self-interest and price signals in the market will lead to desired outcomes like cutting carbon emissions. However, capitalism faces challenges in meeting environmental goals due to its focus on profitability and lack of alignment with urgent climate action.
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