Can the “free market” solve the climate crisis?

While there are many hurdles to addressing the climate crisis in a meaningful way, there’s been one consistent bright spot in climate news over the last decade: the price of renewable energy — particularly solar and wind power — has dropped dramatically. By many measures, they’re now cheaper to produce than fossil fuels. So does that mean that when it comes to a “green transition,” the hardest part is behind us? With wind and solar now cheaper than fossil fuel, can simply let “the market” take care of the rest? According to Brett Christophers, a professor at the Institute for Housing and Urban Research at Uppsala University and author of the new book “The Price is Wrong: Why Capitalism Won't Save the Planet”: absolutely not. On this episode (originally broadcast on the Rhodes Center Podcast) political economist and Rhodes Center director Mark Blyth talks with Brett about why cheap renewable energy production won’t lead to renewables dominating the energy market. In doing so, they also put the entire energy economy under a microscope and challenge the notion that the private sector will ever be able to lead us through a green transition. Learn more about and purchase “The Price is Wrong: Why Capitalism Won't Save the Planet” Watch Brett’s October 2024 talk at the Rhodes Center Subscribe to the Rhodes Center Podcast wherever you listen to podcasts