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JH
Jason Hickel
@jasonhickel.bsky.social
Professor at ICTA-UAB and Visiting Senior Fellow at LSE • Author of THE DIVIDE and LESS IS MORE • Global inequality, political economy and ecological economics
4.9k followers103 following147 posts
JHjasonhickel.bsky.social

Good sir, the point of this book is to explain why we are not getting sufficient investment in renewable energy *even though* it is so cheap and always getting cheaper. The reason is because capital considers fossil fuels to be more profitable.

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Kkurdakov.bsky.social

that is only because it only really started. Then again - see what happens in 5 years with capitalism (even with Trump, at least in Europe and other countries, but even with Trump there will be much more solar/wind and storage in US).

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Ttimlagor.bsky.social

Especially the capital controlled by people already heavily invested in fossil fuel assets.

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JMjustinmikulka.bsky.social

I watched the US shale industry lose a half trillion dollars. Perhaps fossil fuels are not more profitable? And times do change. "Barclays is establishing an energy transition team inside its corporate and investment bank, as it looks to capitalize on the shift away from fossil fuels."

This $20 Trillion Climate Theme Is Trouncing Other Strategies
This $20 Trillion Climate Theme Is Trouncing Other Strategies

While investments in wind and solar mostly resulted in losses in 2023, fund managers who piled into this sector enjoyed double-digit returns.

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JH
Jason Hickel
@jasonhickel.bsky.social
Professor at ICTA-UAB and Visiting Senior Fellow at LSE • Author of THE DIVIDE and LESS IS MORE • Global inequality, political economy and ecological economics
4.9k followers103 following147 posts