The goal of this blog is to create a list of what I call super facts. Super facts are important and true facts that nevertheless are surprising to a lot of people, mind-blowing, or misunderstood or disputed among non-experts. They are special facts that we all can learn something important from.
However, I also make posts that are not super facts but feature other interesting information, such as this book review and book recommendation. The book is:
Climate Capitalism: Winning the Race to Zero Emissions and Solving the Crisis of Our Age by Akshat Rathi
I should say that I am part of a book club and we recently read two books “This Changes Everything: Capitalism vs. The Climate by Naomi Klein” as well as “Climate Capitalism: Winning the Race to Zero Emissions and Solving the Crisis of Our Age by Akshat Rathi”. They were supposed to be contrasts.
Naomi Klein’s book was anti-capitalism and Akshat Rathi’s book was pro-capitalism, or rather pro-climate-capitalism, meaning a type of capitalism that takes into consideration that polluting the atmosphere for everyone should not be without any type of cost to the polluter. I liked Akshat Rathi’s book, but I had a hard time with Naomi Klein’s book because I found it to be very ideological, filled with strong opinions I could not agree with, a lot of misinformation, and it was very pessimistic and negative. I gave it two stars and wrote a detailed review on Amazon as to why. However, I am not publishing that review here. You can read my Amazon review for Naomi Klein’s book This Changes Everything by clicking here.
The book I am reviewing here is Climate Capitalism: Winning the Race to Zero Emissions and Solving the Crisis of Our Age by Akshat Rathi.
Below I am listing the four versions of this book. I bought the hardback version.
- Hardback – Publisher : Greystone Books (March 12, 2024), ISBN-10 : 1778401856, ISBN-13 : 978-1778401855, 272 pages, item weight : 1.05 pounds, dimensions : 6 x 0.9 x 9 inches. It costs $13.84 on US Amazon. Click here to order it from Amazon.com.
- Paperback – Publisher : John Murray (June 20, 2024), ISBN-10 : 1529329949, ISBN-13 : 978-1529329940, 272 pages, item weight : 6.8 ounces, dimensions : 5.04 x 1.1 x 7.72 inches. It costs $ 12.69 on US Amazon. Click here to order it from Amazon.com.
- Kindle – Publisher : Greystone Books (March 12, 2024), ASIN : B0CHH9KQ23, 253 pages, it costs $13.15 on US Amazon. Click here to order it from Amazon.com.
- Audiobook – Publisher : Tantor Media (April 16, 2024), ASIN : B0CZYVNYDC, Listening length : 7 hours and 50 minutes. $0.00 with membership. Click here to order it from Amazon.com.
Amazon’s Description of the Book
“An important read for anyone in need of optimism about our ability to build a clean energy future.”—BILL GATES
“Illuminating, incisive, and deeply reported.”—DAVID WALLACE-WELLS, New York Times-bestselling author of The Uninhabitable Earth
Our age will be defined by the climate emergency. Contrary to the doomist narrative that’s taken hold about the climate emergency, the world has already begun deploying the solutions needed to deal with it. On a journey across five continents, Climate Capitalism tracks the unlikely heroes driving the fight against climate change. From the Chinese bureaucrat who did more to make electric cars a reality than Elon Musk, to the Danish students who helped to build the world’s longest-operating wind turbine, or the American oil executive building the technology that can reverse climate damages, we meet the people working to scale technologies that are finally able to bend the emissions curve.
Through stories that bring people, policy and technology together, Akshat Rathi reveals how the green economy is not only possible, but profitable. This inspiring blend of business, science, and history provides the framework for ensuring that future generations can live in prosperity and that the wheels of progress don’t falter.
This is my five star review for the book Climate Capitalism
Climate Capitalism
Blaming capitalism for climate change is simplistic. Capitalism and the “free market” work within a framework of laws. If there were no laws and everyone could just steal and kill each other, you would have miserable anarchy not a free market. However, the market could be framed by different kinds of laws and regulation. In other words, it can come in different flavors.
The book talks about “economic externalities”. A negative externality is when economic activity harms society. An example is pollution and climate change. Is the free market really “free” or “functional” if people are harmed by the economic activity of others? However, you can correct climate change related market failures, for example, by putting a price on carbon. Innovation and technological developments have been crucial in taking us in the right direction toward solving the climate change problem, and so have markets of scale, competition in the market, good policy and the right type of regulated capitalism. This book argues for what the author calls climate capitalism.
The book features a lot of enlightening and inspirational stories about innovators and business leaders who have accomplished amazing feats that are bringing us closer to solving the climate crisis. Wan Gang, a Chinese inventor, business leader, and official who got the Chinese Electric Vehicle revolution going, like Elon Musk did in the West. Sinha, the Indian entrepreneur and the success of solar power. Birol, the Turkish politicians fighting for clean energy and thereby addressing the two biggest challenges of the century: climate change and access to energy for all.
He tells us about Bill Gates efforts to use business and philanthropy to address climate change. He discusses the promise (and disappointments) of carbon capture and storage. The amazing success of a Danish fossil fuel company evolving into a renewable energy company. He tells us about Capitalists buying and selling shares in a smart way to direct the actions of companies, and he explains why plain divestment strategies does not do much to hurt companies fundamental business. There is also a chapter on campaigners and activists. The author states that democracy can be the biggest way to rein in the excesses of capitalism.
He also tells us about fossil fuel companies that behaved very badly. The oil industry knew about the link between fossil fuel burning and global warming as far back as 1959 but chose to hide it and spread misinformation about climate change. In 1989 the fossil fuel industry formed the Global Climate Coalition, GCC, only a few months after the UN had established the Intergovernmental Panel on Climate Change (IPCC).
The five leading oil companies in the GCC, ExxonMobil, BP, Chevron, Shell, and ConocoPhillips publicly spent at least 3.6 billion dollars on advertising and 2 billion dollars on government lobbying (in reality a lot more). Even though all oil companies have since accepted the overwhelming science of climate change and the role fossil fuels play in it, many haven’t quite accepted the changes that will be needed to truly tackle the problem. And the misinformation they spread still lives on.
In summary, the book contains a lot of interesting information that is both frustrating and hopeful. A lot of things have gone wrong, and a lot of things are going wrong, but we are beginning to turn things around. The recent astonishing worldwide success of renewable energy and EVs and the fact that a lot of countries, especially developed countries, have succeeded in significantly lowering their emissions while growing their economies, is a sign of that. The book is also captivating and easy to read, and it is well organized. Akshat Rathi is clearly a great author. I highly recommend this interesting, optimistic and fun read.
Super Facts 