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lunes, abril 15, 2024

New Economics Podcast: Can capitalism save the local weather

Fearful about your carbon emissions? Don’t stress! You possibly can pump out as a lot as you need — so long as you purchase some offsets to stability it out. Petrified of the collapse of wildlife? No drawback! We are able to work out how a lot cash our ecosystems are value, and let the market do the remainder!

Welcome to the logic of inexperienced capitalism. Fossil gas giants declare to rejoice sustainability whereas pumping out poisonous emissions. Governments are counting on carbon offsets to make their local weather guarantees add up. And we’re instructed that we are able to combat the local weather disaster with the magic of financial markets.

Why have firms bought so concerned about sustainability? Will carbon offsets save us — or are they only a cute accounting trick? And if wind and photo voltaic power are so low-cost, why haven’t we embraced them?

Ayeisha Thomas-Smith is joined by Adrienne Buller, writer of The Worth of a Whale: On the illusions of inexperienced capitalism, and Brett Christophers, writer of The Worth is Mistaken: Why capitalism received’t save the planet.

Music by Serge Quadrado, used underneath Inventive Commons licence: cre​ativecom​mons​.org/​l​i​c​e​n​s​e​s​/​b​y​-​n​c​/4.0/.

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