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Pitchfork Economics with Nick Hanauer

Make the clean stuff cheap (with Eric Beinhocker & Doyne Farmer)

Pitchfork Economics with Nick Hanauer

Civic Ventures

Business, Government, News, Politics

4.81.5K Ratings

🗓️ 30 November 2021

⏱️ 36 minutes

🧾️ Download transcript

Summary

Until very recently, the prevailing wisdom cautioned that transitioning to a clean energy economy would be extremely expensive, and therefore only possible if undertaken slowly. New research upends that thinking—when it comes to going green, the faster we go, the cheaper it will be. University of Oxford professors Eric Beinhocker and Doyne Farmer talk with Nick about a new strategy for clean technology that could transform the climate fight. Eric Beinhocker is a Professor of Public Policy Practice at the Blavatnik School of Government and the Executive Director of the Institute for New Economic Thinking at the University of Oxford’s Martin School. He is also a Supernumerary Fellow in Economics at Oriel College, and External Professor at the Santa Fe Institute. Twitter: @EricBeinhocker Doyne Farmer is Director of the Complexity Economics program at the Institute for New Economic Thinking. He is Baillie Gifford Professor in the Mathematical Institute at the University of Oxford and an External Professor at the Santa Fe Institute. Website: http://www.doynefarmer.com/ Going big and fast on renewables could save trillions in energy costs: https://www.washingtonpost.com/business/energy/going-big-and-fast-on-renewables-would-save-trillions-in-energy-costs/ A new strategy for climate: make the clean stuff cheap - https://democracyjournal.org/arguments/a-new-strategy-for-climate-make-the-clean-stuff-cheap/ Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick’s twitter: @NickHanauer

Transcript

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0:00.0

I'm Nick Hanauer, founder of Civic Ventures.

0:11.1

I'm incredibly excited today to get to talk to two good friends of mine, both professors

0:19.2

at the Institute of New Economics at Oxford University, my writing partner, Eric Pinehawker,

0:26.5

and his colleague, Don Farmer, who's a mathematician and an economist.

0:32.8

And in particular, we're going to talk to them about the economics of climate change

0:36.7

in the way that technology is upending, you know, our orthodox understanding of that.

0:44.6

Both are brilliant and amazing and doing some really, really interesting cutting edge research

0:50.6

in this field.

0:52.1

And I think you're going to really enjoy hearing from them.

0:56.1

This is at the bleeding edge of some of the best thinking about climate change and the

1:01.2

future.

1:02.2

So enjoy.

1:04.2

I'm Eric Pinehawker, I'm a professor at the Robotnik School of Government at the University

1:12.2

of Oxford and the Executive Director of the Institute for New Economic Thinking, also

1:17.4

at Oxford.

1:18.4

I'm Don Farmer, I'm the Bailey Gifford Professor of Mathematics, and I'm also the Director

1:24.1

of Complexity Economics at the Institute for New Economic Thinking at the Oxford Martin

1:28.4

School.

1:29.4

Eric and Don, so great to have you on.

1:32.6

And you guys have been doing some fascinating thinking, collaborating on the economics

1:38.6

of climate change and the ways in which the reality of that are so different from the

1:45.6

conventional thinking.

...

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