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Downstream: Everything You’re Told About Green Capitalism is Wrong w/ Brett Christophers

Novara Media

Novara Media

Politics, Philosophy, News, Society & Culture

4.81.3K Ratings

🗓️ 3 June 2024

⏱️ 93 minutes

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Summary

Renewable energy technology is only getting cheaper. And yet it hasn’t increased its share of the energy mix for two decades. So what explains this paradox: cheap green energy with incredibly slow adoption? According to Brett Christophers, there is a straightforward explanation for this seeming paradox: the capitalist need for profits. And green energy projects […]

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0:00.0

Over recent decades the price of energy

0:13.2

has collapsed. The same is also true by the way for energy storage

0:16.8

with lithium batteries. That's why increasingly we see things like

0:20.5

electric vehicles because the economics of these things add up.

0:24.0

Now for the optimists out there they say that these

0:27.6

falls in price for renewable technologies are brilliant they're all we need

0:32.4

and they are the panacea in terms of addressing the climate crisis.

0:37.0

And yet, at the very same time, we have seen the percentage of energy coming from non-fossil fuel sources remaining broadly the same.

0:48.4

So what explains this strange contradiction?

0:50.8

Falling prices and yet we're not decarbonizing particularly quickly.

0:55.6

Today's guest has a pretty interesting hypothesis regarding all of that.

1:00.8

He says we should not be focusing on prices but profits and simply

1:06.3

put renewable energy isn't that profitable. Brett Christopher's welcome to Downstreet.

1:13.0

Thanks for having me.

1:14.0

Well, I'm glad you said that because I had a few colleagues in video.

1:19.0

They were a bit suspicious when I said,

1:22.0

we're going to talk to somebody about asset management

1:24.4

it's going to do really well everybody wants to hear about it and they just didn't

1:28.6

believe me but it ended up getting a quarter of a million views and counting

1:31.5

so amazing amazing great book thank you a quarter of a million views and counting. Amazing.

1:33.0

Great book.

1:34.0

Thank you.

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