Free shipping on orders over $99
The Price Is Wrong

The Price Is Wrong

Why Capitalism Won't Save the Planet

by Brett Christophers
Hardback
Publication Date: 04/06/2024

Share This Book:

  $54.75
or 4 easy payments of $13.69 with
afterpay

Capitalist energy transitions are driven by profit, not price. Today's transition is stalling because renewables are insufficiently profitable.

What if our understanding of capitalism and climate is back to front? What if the problem is not capitalist profiteering from the energy transition, but that saving the planet is not profitable enough?

This is Brett Christophers' claim. The global economy is greening slower than required because the return on green investment is too low.

Today's consensus is that the key to curbing climate change is to green electricity and electrify everything possible. The consensus is also that the main economic barrier to clean electricity has been removed. With the price of solar and wind-power having tumbled, we are poised, say boosterists, for a golden renewables era.

But the boosterists are wrong. What drives investment is profit, not price, and operating solar and wind farms remains a marginal business, dependent everywhere on the state's financial support.

Our predicament? We are expecting markets and the private sector to solve the climate crisis, yet the profits that are their lifeblood are elusive.

The answer is not to continue to cobble together green profit through subsidy. It is to take energy out of the private sector's hands.

An essential intervention, The Price is Wrong is as politically far-reaching as it is factually illuminating.

ISBN:
9781804292303
9781804292303
Category:
Political economy
Format:
Hardback
Publication Date:
04-06-2024
Language:
English
Publisher:
Verso Books
Country of origin:
United Kingdom
Pages:
304
Dimensions (mm):
240.03x158.5x29.97mm
Weight:
0.59kg
Brett Christophers

Brett Christophers is a political economist and economic geographer, and the author of Our Lives in Their Portfolios, Rentier Capitalism and of The New Enclosure, which won the Isaac and Tamara Deutscher Memorial Prize.

This item is In Stock in our Sydney warehouse and should be sent from our warehouse within 1-2 working days.

Once sent we will send you a Shipping Notification which includes online tracking.

Please check the estimated delivery times below for your region, for after your order is despatched from our warehouse:

ACT Metro  2 working days

NSW Metro  2 working days

NSW Rural  2 - 3 working days

NSW Remote  2 - 5 working days

NT Metro  3 - 6 working days

NT Remote  4 - 10 working days

QLD Metro  2 - 4 working days

QLD Rural  2 - 5 working days

QLD Remote  2 - 7 working days

SA Metro  2 - 5 working days

SA Rural  3 - 6 working days

SA Remote  3 - 7 working days

TAS Metro  3 - 6 working days

TAS Rural  3 - 6 working days

VIC Metro  2 - 3 working days

VIC Rural  2 - 4 working days

VIC Remote  2 - 5 working days

WA Metro  3 - 6 working days

WA Rural  4 - 8 working days

WA Remote  4 - 12 working days

 

Express Post is available if ALL items in your Shopping Cart are listed as 'In Stock'.

Reviews

Be the first to review The Price Is Wrong.