The Price is Wrong: Why Capitalism Won't Save the Planet
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- Synopsis
- "Standard theories of the causes of climate breakdown will not survive this book. Readers will be all the wiser."—Andreas Malm, author of How to Blow Up a PipelineWhy the market will never solve the climate crisisWhat if our understanding of capitalism and climate is back to front? What if the problem is not that transitioning to renewables is too expensive, but that saving the planet is not sufficiently profitable?This is Brett Christophers' claim. The global economy is moving too slowly toward sustainability because the return on green investment is too low.Today's consensus is that the key to curbing climate change is to produce green electricity and electrify everything possible. The main economic barrier in that project has seemingly been removed. But while prices of solar and wind power have tumbled, the golden era of renewables has yet to materialize.The problem is that investment is driven by profit, not price, and operating solar and wind farms remains a marginal business, dependent everywhere on the state's financial support.We cannot expect markets and the private sector to solve the climate crisis while the profits that are their lifeblood remain unappetizing. But there is an alternative to providing surrogate green profits through subsidies: to take energy out of the private sector's hands.An essential intervention, The Price Is Wrong is as politically far-reaching as it is factually illuminating.
- Copyright:
- 2024
Book Details
- Book Quality:
- Publisher Quality
- ISBN-13:
- 9781804292334
- Related ISBNs:
- 9781804292303
- Publisher:
- Verso Books
- Date of Addition:
- 03/12/24
- Copyrighted By:
- Brett Christophers
- Adult content:
- No
- Language:
- English
- Has Image Descriptions:
- No
- Categories:
- Nonfiction, Business and Finance, Politics and Government
- Submitted By:
- Bookshare Staff
- Usage Restrictions:
- This is a copyrighted book.