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Field’s signature example is the US synthetic rubber program. Though historians traditionally consider the program to have been an industrial miracle, he finds a series of preventable errors. First, cheap rubber imports from Southeast Asia made US firms unwilling to hold significant reserve stocks—…

The larger financial markets aren’t as yet any better focused than the VCs are. A meta-analysis from the Climate Policy Initiative found that, while estimates for needed annual climate-related investment in global agrifood systems range from $212 billion to $1.267 trillion, they tracked the actual …

If there is a commodity into which the marketcrafting transition strategy crystallizes—and there is—it’s the electric vehicle. While the IRA’s tax credits for energy generation are agnostic, the extensive support for EVs is specific. Despite creating all sorts of international problems, cars are th…

In the English language, few critics have tackled this issue as well as Max Ajl, whose 2021 book, A People’s Green New Deal, refuses to shy away from the global nature of the questions at hand. “Much of left-liberal climate talk is based on administering rather than eliminating capitalism,” he writ…

And yet the number of global private flights was at an all-time high in 2022—5.4 million.26 Of these, an 85 percent supermajority are private flights within the United States, jaunts of climate-destroying, carbon-intensive convenience taken by the American 1 percent, making up around one-sixth of t…