Rebecca Henderson argues that the reason why capitalism and climate change are so interlinked is that we need the former to save us from the latter.
Could reformed capitalism be our only hope?
Watch the full debate at iai.tv/video/capitalism-and-t...
With the world's largest corporations responsible for 71% of global greenhouse gas emissions, many, particularly on the left, have taken it for granted that climate change and capitalism are intimately linked. But with corporations and the right backing action to reduce emissions, the assumption is under challenge. Former governor of the Bank of England Mark Carney went so far as to say that 'the goal of net zero is the greatest commercial opportunity of our time.' And according to the World Economic Forum, the value of green bonds traded could soon hit $2.36 trillion. So proponents of capitalism argue the very economic system that instigated climate change is also the way to end it.
Should we conclude that there is no necessary connection between capitalism and climate change? Will this realisation result in a shift on the left away from green politics and climate change and back to heartland socialist goals? Or is the link between climate change and capitalism essential and the claims of bankers and conservatives to be in favour of reducing emissions insincere and illusory?
This event was produced in association with Audio Note.
#capitalism #climatechange #socialism
Join Harvard MBA's socialist Rebecca Henderson, economic historian Troy Vettese, and pioneering physicist of the natural world Helen Czerski as they debate the connection between capitalism and the climate. Hosted by Linda Yueh, Oxford professor of economics.
The Institute of Art and Ideas features videos and articles from cutting edge thinkers discussing the ideas that are shaping the world, from metaphysics to string theory, technology to democracy, aesthetics to genetics. Subscribe today! iai.tv/subscribe?Y...
00:00 Introduction
00:17 Climate change will not be solved without capitalism
01:50 Reimagining capitalism
02:50 Net Zero is a great business opportunity
For debates and talks: iai.tv
For articles: iai.tv/articles
For courses: iai.tv/iai-academy/courses
4 июн 2024