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Zero: The Climate Race

TED Talks Daily : Capitalism broke the climate. Now it can fix it

Zero: The Climate Race

Bloomberg

Technology, Business, Science

4.7219 Ratings

🗓️ 19 December 2024

⏱️ 14 minutes

🧾️ Download transcript

Summary

Capitalism can be blamed for worsening the climate crisis, says journalist Akshat Rathi, but it can also be used to drive the solutions to fix it. In this episode of TED Talks Daily, recorded at the Bloomberg Green Festival in Seattle, Rathi discusses his book Climate Capitalism, and how the strategic use of market forces and government policies can make sustainability profitable.

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Transcript

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0:00.0

Hi, it's Akshad. As the year comes to a close and Zero takes a break for the holiday,

0:05.0

this week there's a special holiday bonus. I wanted to share with you an episode of TED Talks

0:10.9

daily, which featured my TED Talk. It came out of the work I did on my book, Climate Capitalism,

0:18.1

which, by the way, would make for a great gift if you're doing any

0:21.6

last-minute holiday shopping. I finished writing the book two years ago, but in today's politics,

0:27.8

where the issue of climate is hardly front and center, the thesis of the book feels even more

0:33.3

relevant, because for climate solutions to last in the long run, they need to make money. They need to be

0:39.2

profitable. Enjoy the TED Talk. Next week, we'll be revisiting my conversation with Nicola Twilly, author

0:45.5

of Frostbite. And we'll be back in the new year with fresh episodes, including a conversation

0:50.7

with science fiction writer Kim Stanley Robinson on what to expect for the climate in 2025.

1:00.1

You're listening to TED Talks Daily where we bring you new ideas to spark your curiosity every day.

1:05.9

I'm your host, Elise Hugh.

1:07.8

Could the market forces of capitalism help combat climate change? Or was capitalism the very

1:14.0

cause of the global climate crisis in the first place? Climate reporter Uxhat Rathi says the answers

1:20.5

are complex and offers solutions for how capitalism can be used for climate solutions the world

1:26.6

needs.

1:34.0

I was at a climate protest, and I saw a poster that said in big letters,

1:37.0

burn capitalism, not coal.

1:41.9

How many of you agree that to tackle climate change, we should stop burning coal?

1:42.8

Raise your hands. Almost all of you. And how many of you agree

1:47.8

that to tackle climate change, we should burn capitalism? There are a few hands, but not as many.

1:55.6

I'm a journalist and I write about climate solutions. And when I ask this question of people,

...

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