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Are global leaders trying to solve the wrong climate problem? In this episode, Professor Jessica Green aruges that too often governments and institutions have misdiagnosed the core issues of the climate crisis and are going about solutions in all the wrong ways as a result. In her new book, Existential Politics: Why Global Climate Institutions Are Failing and How to Fix Them, she focuses on the power dynamics between fossil fuel asset owners and green asset owners and why it's critical to understand this as the central fight at the heart of climate change. Green argues that we need to shift focus from managing greenhouse gas emissions to managing assets, highlighting the existential threat fossil fuel companies face in a carbon-free economy and the potential for green asset owners to thrive in the future. She also explains the role of vulnerable asset owners, the political challenges of carbon pricing, and the importance of green industrial policy. We discuss what the Paris Agreement has and hasn't accomplished and why we need to better understand the limitations of the IPCCC.
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