The price is wrong: why capitalism won't save the planet

By:

Christophers, Brett

Material type: Text

TextPublication details: Verso London 2024Description: xxxiii, 398 pISBN:

9781804292303

Subject(s):

Sustainability--Economic aspects

DDC classification:

338.927 CHR

Summary: Why the market will never solve the Climate Crisis What 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. (https://www.versobooks.com/en-gb/products/3069-the-price-is-wrong?srsltid=AfmBOooLBfel11IAv8apO37uysFMWYqdlSuDJMN3lRwSKyMhlxKmOY9R)

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Item type	Current library	Collection	Call number	Copy number	Status	Date due	Barcode
Book	Indian Institute of Management LRC General Stacks	Public Policy & General Management	338.927 CHR (Browse shelf(Opens below))	1	Available		006833

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Previous	338.927 APO Entrepreneurship and the sustainable development goals	338.927 BAC The sustainable development goals:	338.927 BRI Sustainability, technology, and finance:	338.927 CHR The price is wrong: why capitalism won't save the planet	338.927 CRO The components of sustainable development: engagement and partnership	338.927 CUD Lean sustainability: a pathway to a circular economy	338.927 ESP Common pool resources:	Next

Why the market will never solve the Climate Crisis

What 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.

(https://www.versobooks.com/en-gb/products/3069-the-price-is-wrong?srsltid=AfmBOooLBfel11IAv8apO37uysFMWYqdlSuDJMN3lRwSKyMhlxKmOY9R)

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