Is This a New Era of ‘Climate Capitalism’?

Can capitalism solve climate change? Wrong question, argues the author and journalist Akshat Rathi: In fact, you can’t solve climate change without capitalism. Look around the world, as Rathi does in his new book Climate Capitalism, and he says you’ll find companies and leaders who are proving that cutting carbon emissions is not just possible, but also profitable.

The venture capitalist Sophie Purdom, the founder of Planeteer Capital, spends her days looking for those profitable climate companies. She says that a newer, smarter generation of climate startups is on the way.

In this week’s episode, recorded earlier this month live at Princeton University, Rob and Jesse host a special in-person conversation with Rathi and Purdom. They talk about the rise of Chinese EVs, what interest rates mean for the energy transition, and the proper role of policy in decarbonizing. Shift Key is hosted by Robinson Meyer, executive editor of Heatmap, and Jesse Jenkins, a Princeton professor of energy systems engineering.

Mentioned:

Akshat Rathi’s Climate Capitalism

Sightline Climate

Martin Wolf’s The Crisis of Democratic Capitalism

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This episode of Shift Key is sponsored by…

KORE Power provides the commercial, industrial, and utility markets with functional solutions that advance the clean energy transition worldwide. KORE Power's technology and manufacturing capabilities provide direct access to next generation battery cells, energy storage systems that scale to grid+, EV power & infrastructure, and intuitive asset management to unlock energy strategies across a myriad of applications. Explore more at korepower.com.

Watershed's climate data engine helps companies measure and reduce their emissions, turning the data they already have into an audit-ready carbon footprint backed by the latest climate science. Get the sustainability data you need in weeks, not months. Learn more at watershed.com.

Music for Shift Key is by Adam Kromelow.

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