Book contents
- Five Times Faster
- Reviews
- Five Times Faster
- Copyright page
- Dedication
- Epigraph
- Contents
- Figures
- 1 Introduction
- Part I Science
- Part II Economics
- 9 Worse Than Useless
- 10 The Allocation of Scarce Resources
- 11 The Configuration of Abundance
- 12 Not Just Fixing the Foundations
- 13 Investing With Our Eyes Open
- 14 Regulating for a Free Lunch
- 15 Stuck in First Gear
- 16 Runaway Tipping Points of No Return, Revisited
- 17 Revolutionary
- Part III Diplomacy
- Appendix How You Can Help
- Acknowledgements
- Notes
- Select Bibliography
- Index
12 - Not Just Fixing the Foundations
from Part II - Economics
Published online by Cambridge University Press: 24 October 2024
- Five Times Faster
- Reviews
- Five Times Faster
- Copyright page
- Dedication
- Epigraph
- Contents
- Figures
- 1 Introduction
- Part I Science
- Part II Economics
- 9 Worse Than Useless
- 10 The Allocation of Scarce Resources
- 11 The Configuration of Abundance
- 12 Not Just Fixing the Foundations
- 13 Investing With Our Eyes Open
- 14 Regulating for a Free Lunch
- 15 Stuck in First Gear
- 16 Runaway Tipping Points of No Return, Revisited
- 17 Revolutionary
- Part III Diplomacy
- Appendix How You Can Help
- Acknowledgements
- Notes
- Select Bibliography
- Index
Summary
Traditional economics tells us that to meet policy goals, government should only do the minimum needed to fix a ‘market failure’. A new understanding shows that when the goals are innovation and change, a ‘do the maximum’ approach can be more effective. We should stop aiming to achieve ‘decarbonisation at least cost’, and instead aim to move to the clean economy at maximum gain.
- Type
- Chapter
- Information
- Five Times FasterRethinking the Science, Economics, and Diplomacy of Climate Change – Updated Edition, pp. 138 - 150Publisher: Cambridge University PressPrint publication year: 2024