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'Climate Capitalism' explores how drive for profit can be help solve environmental crisis

The world’s richest companies have built their fortunes on burning fossil fuels and polluting the climate with greenhouse gasses. But author Akshat Rathi that same drive for development and material wealth can be a force for good, according to some, he says, it might be our only hope.
A wind turbine is pictured in the in front of a steaming coal power plant in Gelsenkirchen, Germany. (Martin Meissner/AP)

“It’s now cheaper to save the world than destroy it.”

That’s the slogan, the rallying cry, animating entrepreneurs and investors worldwide who believe capitalism can help solve the climate crisis.

Of course, the world’s richest companies have built their fortunes on burning fossil fuels and polluting the climate with greenhouse gasses. But that same drive for development and material wealth can be a force for good, according to some, he says, it might be our only hope.

Akshat Rathi is senior climate reporter for Bloomberg News. His new book is called: “Climate Capitalism: Winning the Race to Zero Emissions and Solving the Crisis of Our Age.”

Book excerpt: ‘Climate Capitalism’

By Akshat Rathi

It was an admission of defeat. But you would never know it looking at the mild-mannered smiles that morning. Angela Merkel, then German chancellor, was standing next to Chinese Premier Li Keqiang. On a partially cloudy summer morning in Berlin in July 2018, both

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