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The Price is Wrong: Why Capitalism Won't Save the Planet - Hardcover

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9781804292303: The Price is Wrong: Why Capitalism Won't Save the Planet
  • PublisherVerso
  • Publication date2024
  • ISBN 10 1804292303
  • ISBN 13 9781804292303
  • BindingHardcover
  • LanguageEnglish
  • Number of pages432
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    • 4.26 out of 5 stars
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Hardcover. Condition: new. Hardcover. What if our understanding of capitalism and climate is back to front? What if the problem is not capitalist profiteering from the energy transition, but that saving the planet is not profitable enough?This is Brett Christophers claim. The global economy is greening slower than required because the return on green investment is too low.Todays consensus is that the key to curbing climate change is to green electricity and electrify everything possible. The consensus is also that the main economic barrier to clean electricity has been removed. With the price of solar and wind-power having tumbled, we are poised, say boosterists, for a golden renewables era.But the boosterists are wrong. What drives investment is profit, not price, and operating solar and wind farms remains a marginal business, dependent everywhere on the states financial support.Our predicament? We are expecting markets and the private sector to solve the climate crisis, yet the profits that are their lifeblood are elusive.The answer is not to continue to cobble together green profit through subsidy. It is to take energy out of the private sectors hands.An essential intervention, The Price is Wrong is as politically far-reaching as it is factually illuminating. Why the market will never solve the Climate Crisis Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9781804292303

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