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Climate Capitalism Book Review
Climate Capitalism: Capitalism in the Age of Climate Change was written by L. Hunter Lovins and Boyd Cohen and released in 2011. In the book, Lovins and Cohen argue that businesses can profit from reducing their carbon footprints and adapting to climate change. They back up their argument with many facts and case studies, and frequently cite other books as evidence.
The authors point out that "the status quo represents massive and uneconomic government intervention in the market in favor of the incumbent fossil-based industries" - over $550 billion per year in direct subsidies to make dirty energy look cheaper than it is.
The bulk of the book explains how businesses can save money and protect the environment through energy efficiency, renewable energy, green buildings, clean transportation, carbon offsets, biofuels, and agriculture. Each chapter contains examples of how businesses have already saved money and improved their reputations through greener practices.
Although Lovins and Cohen argue that government should stop subsidizing the fossil fuel industry and should adjust the market by putting a price on carbon emissions, they do not offer a political path to achieve these changes.
The book also lacks charts and graphs which would help break up the blocks of text and present information to the reader visually.
I don't recommend this book to people who have extensively studied sustainability. However, people who aren't convinced that capitalism can work in the age of climate change should read the book.