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Carla Denyer, Socrates Mokkas, and Guy Shrubsole discuss whether we can reconcile climate action with capitalist economics. How can we save the planet without sacrificing profit and growth? With a free trial, you can watch the full debate NOW at https://iai.tv/video/profit-planet-an... Many think climate and environmental pollution are immediate threats to the human race, and while not all endorse an impending apocalypse almost everyone thinks action needs to be taken. To keep consumers and investors on side companies want to be seen to be reducing their carbon footprint and to be showing concern for the environment while maintaining profits. Environment Social Governance (ESG) investments, carbon credits and green bonds were supposed to be the answer. But critics claim returns on these investments have gone into reverse and we don't know how to protect the climate and deliver profits. Moreover, recent research from the European Commission found 68% of US executives admit their companies are guilty of greenwashing, and some high-profile critics claim ESG is nothing more than a scam. Should we give up on green market initiatives as an exercise in virtue signalling rather than valuable environmental action? Are there more credible genuine means to make the economy work for the planet? Or, should we accept that capitalism and environmentalism are fundamentally incompatible? In collaboration with Deloitte. #capitalism #climatechange #economics Carla Denyer is co-leader of the Green Party of England and Wales. Carla is the MP for Bristol Central and was instrumental in getting Bristol Council to declare a climate emergency, the first in Europe. Guy Shrubsole is a researcher, writer and campaigner. He wrote The Lost Rainforests of Britain (The Sunday Times Science book of the Year 2023) and, most recently, The Lie of the Land. Socrates Mokkas is a leading economist operating at the intersection of macroeconomic policy and sustainability. He has close to 20 years of experience across academia, government and industry. Hosted by Isabel Hilton. The Institute of Art and Ideas features videos and articles from cutting edge thinkers discussing the ideas that are shaping the world, from metaphysics to string theory, technology to democracy, aesthetics to genetics. Subscribe today! https://iai.tv/subscribe?utm_source=Y... 00:00 Introduction 00:23 Are capitalism and environmentalism incompatible? 02:34 The struggle between private interest and public ownership 05:05 Can we align business incentives with climate action? 07:42 The devastating decline of wildlife and habitats 11:34 Striking a balance between climate action and economic realities For debates and talks: https://iai.tv For articles: https://iai.tv/articles For courses: https://iai.tv/iai-academy/courses