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Climate Capitalism: Winning the Race to Zero Emissions and Solving the Crisis of Our Age

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“An important read for anyone in need of optimism about our ability to build a clean energy future.”—BILL GATES

“Illuminating, incisive, and deeply reported.”—DAVID WALLACE-WELLS, New York Times -bestselling author of The Uninhabitable Earth

Our age will be defined by the climate emergency. Contrary to the doomist narrative that's taken hold about the climate emergency, the world has already begun deploying the solutions needed to deal with it. On a journey across five continents, Climate Capitalism tracks the unlikely heroes driving the fight against climate change. From the Chinese bureaucrat who did more to make electric cars a reality than Elon Musk, to the Danish students who helped to build the world's longest-operating wind turbine, or the American oil executive building the technology that can reverse climate damages, we meet the people working to scale technologies that are finally able to bend the emissions curve.

Through stories that bring people, policy and technology together, Akshat Rathi reveals how the green economy is not only possible, but profitable. This inspiring blend of business, science, and history provides the framework for ensuring that future generations can live in prosperity and that the wheels of progress don't falter.

272 pages, Hardcover

First published October 12, 2023

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1691 people want to read

About the author

Akshat Rathi

4 books72 followers
Akshat Rathi is an award-winning senior reporter for Bloomberg News. His first book is Climate Capitalism: Winning the Global Race to Zero Emissions has been named one of the best books of the year by The Times and The Economic Times. He has also edited a book of essays from young climate leaders.

Akshat has a PhD in organic chemistry from the University of Oxford, and a BTech in chemical engineering from the Institute of Chemical Technology in Mumbai. You can sign up to his weekly Zero newsletter, subscribe to his weekly Zero podcast, and follow him on Twitter and LinkedIn.

Previously, Akshat was a senior reporter at Quartz and a science editor at The Conversation. His work has been cited widely, including in New York Times, Washington Post, Wall Street Journal, Financial Times and The Guardian.

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Displaying 1 - 30 of 74 reviews
Profile Image for Lisa Wright.
633 reviews20 followers
January 27, 2024
This is a breath of fresh air in the climate literature. Rathi focuses on success stories including Denmark, China, Unilever, Occidental Petroleum and even the Puerto Rican "energy insurgents" to demonstrate that addressing climate change is good for business as well as life.
1 review
November 2, 2023
“𝗜𝘁’𝘀 𝗻𝗼 𝗹𝗼𝗻𝗴𝗲𝗿 𝗰𝗹𝗶𝗺𝗮𝘁𝗲 𝗮𝗴𝗮𝗶𝗻𝘀𝘁 𝗰𝗮𝗽𝗶𝘁𝗮𝗹𝗶𝘀𝗺 – 𝗶𝘁’𝘀 𝗰𝗹𝗲𝗮𝗿 𝘁𝗵𝗮𝘁 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗶𝗻𝗴𝗹𝘆 𝘁𝗵𝗲 𝗰𝗵𝗮𝗺𝗽𝗶𝗼𝗻𝘀 𝗼𝗳 𝗰𝗮𝗽𝗶𝘁𝗮𝗹𝗶𝘀𝗺 𝘄𝗮𝗻𝘁 𝗰𝗹𝗶𝗺𝗮𝘁𝗲 𝘁𝗼 𝗯𝗲 𝗮 𝗽𝗿𝗼𝗯𝗹𝗲𝗺 𝘁𝗵𝗮𝘁 𝗰𝗮𝗽𝗶𝘁𝗮𝗹𝗶𝘀𝗺 𝗰𝗮𝗻 𝘀𝗼𝗹𝘃𝗲, 𝗿𝗮𝘁𝗵𝗲𝗿 𝘁𝗵𝗮𝗻 𝘄𝗼𝗿𝘀𝗲𝗻” because “𝗶𝘁’𝘀 𝗻𝗼𝘄 𝗰𝗵𝗲𝗮𝗽𝗲𝗿 𝘁𝗼 𝘀𝗮𝘃𝗲 𝘁𝗵𝗲 𝘄𝗼𝗿𝗹𝗱 𝘁𝗵𝗮𝗻 𝗱𝗲𝘀𝘁𝗿𝗼𝘆 𝗶𝘁”.

📚 In his recent book “Climate Capitalism”, the Bloomberg journalist Akshat Rathi provides detailed background information on many of the biggest solutions to tackle climate change. He outlines that great progress has already been made, while repeatedly emphasizing the need to speed up.

𝗠𝘆 𝟰 𝗸𝗲𝘆 𝘁𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀:

💡 𝗜𝗻 𝗽𝗼𝗹𝗶𝘁𝗶𝗰𝘀, 𝘁𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆 𝗮𝗻𝗱 𝗳𝗶𝗻𝗮𝗻𝗰𝗲, 𝗶𝗻𝗱𝗶𝘃𝗶𝗱𝘂𝗮𝗹𝘀 𝗺𝗮𝗸𝗲 𝘁𝗵𝗲 𝗱𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝗰𝗲
Nobody can solve this challenge alone. However, the stories of Wan Gang, the architect of China's EV strategy, Vicki Hollub, CEO of Oxy who aims to produce “net zero oil”, and Bill Gates, whose multibillion-dollar fund Breakthrough Energy has invested in more than 100 climate start-ups, clearly showcase that determined individuals make the difference.

💡 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 𝗿𝗲𝘄𝗮𝗿𝗱 𝗮 𝘃𝗶𝗮𝗯𝗹𝗲 𝗹𝗼𝗻𝗴-𝘁𝗲𝗿𝗺 𝘃𝗶𝘀𝗶𝗼𝗻 𝗮𝗻𝗱 𝗽𝘂𝗻𝗶𝘀𝗵 𝗹𝗮𝗴𝗴𝗮𝗿𝗱𝘀
A viable long-term vision must take climate into account, which is valued by investors: In 2017, Unilever could fight off a hostile takeover based on its sustainability strategy, while in 2021, Exxon lost a proxy fight against investors who complained that Exxon did not seriously tackle climate change.

💡 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗶𝗻𝗴 𝗻𝗮𝘁𝗶𝗼𝗻𝘀 𝗰𝗮𝗻 𝗹𝗶𝗸𝗲𝗹𝘆 𝗱𝗿𝗮𝘀𝘁𝗶𝗰𝗮𝗹𝗹𝘆 𝘀𝗵𝗼𝗿𝘁𝗲𝗻 𝘁𝗵𝗲𝗶𝗿 𝗳𝗼𝘀𝘀𝗶𝗹 𝗳𝘂𝗲𝗹 𝗲𝗿𝗮
Developed countries ought to lead in solving this issue, but renewables' cost efficiency may allow developing nations to adopt them more quickly. Near Bangalore, my current home, the Pavagada Solar Park is with 53 km2 (~Manhattan) the 3rd largest globally. Plans to more than double it in size are part of India’s ambition to achieve a 50% renewable share by 2030 (45% in EU).

💡 𝗜𝗻𝘁𝗲𝗿𝗴𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁𝗮𝗹 𝗯𝗼𝗱𝗶𝗲𝘀 𝗮𝗿𝗲 𝗰𝗿𝘂𝗰𝗶𝗮𝗹 𝗳𝗼𝗿 𝗱𝗿𝗶𝘃𝗶𝗻𝗴 𝗴𝗹𝗼𝗯𝗮𝗹 𝗽𝗿𝗼𝗴𝗿𝗲𝘀𝘀
The IEA was established after the 1973 oil crisis to ensure Western access to fossil fuels. Over the years, its mandate has shifted and it nowadays actively shapes countries’ policies, e.g., it helped China and India develop their national cooling action plans. The IEA took the lessons from those two giants and now helps applying them in other regions.


This is a global problem and each day more people on this planet are working to find and implement solutions. Climate change is not only a risk, but also an 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆 𝗳𝗼𝗿 𝗵𝘂𝗺𝗮𝗻𝗶𝘁𝘆 𝘁𝗼 𝗺𝗼𝘃𝗲 𝗰𝗹𝗼𝘀𝗲𝗿 𝘁𝗼𝗴𝗲𝘁𝗵𝗲𝗿—across boundaries and economic systems. 🌎🌍🌏

A great book, truly refreshing and energizing! 🙂
Profile Image for Laurel.
516 reviews34 followers
September 15, 2024
An academic but readable - and optimistic - digest of major technological innovations and advances that are steadily making it more and more feasible, and even more and more economical, to achieve net zero emissions in the near enough future to make a difference.

Loved this analogy: After cholera outbreaks, the British Parliament installed central sewers over the next 10 years. It cost about 2% of the city’s GDP at the time and even today it costs about 1% GDP annually to maintain the sewers.
No one questioned whether that was worth it. “Until people have the idea that throwing CO₂ in the air is like throwing poop in the street, we’re not going to spend what it costs. …[However], at 2% of global GDP, we can make the CO₂ problem go away.


What is climate capitalism? …”it is a combination of people, policies and technology that is needed - in often different amounts - to grow the momentum of the global clean energy transition.” This book tells the stories of people working inside and outside of government, inside and outside of corporations — policymakers, activists, shareholders, values-driven and forward-thinking CEOs — that are increasingly effective at making the case for how aggressive climate action is in the best financial interests of the collective (yes, we knew that) but also individual corporations within our capitalistic global economy.
1 review
March 11, 2024
The book reads as easy as his podcast is to listen, telling great stories of the leaders and pioneers shifting the globe’s way to a net zero (or net negative!) future.

Each chapter was a tale in its own right, able to stand alone. I became envious that the book wasn’t around when I was in undergrad, a time where so often environmental professors would assign chapters from longer books that made little sense out of context. I hope Climate Capitalism finds its way onto syllabi in 2024.

With the clock to 2030 ticking, it was both encouraging and uplifting to read a book that felt positive but not baselessly so. There is always room for change, growth, and progress, and Rathi reminds us of that.
Profile Image for EKR.
162 reviews4 followers
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March 27, 2024
Really well written, using storytelling to keep the reader’s attention and interest in what could have been very technical, wonky content. I would have liked to have read this with a book club of energy nerds and climate and progressive social activists to discuss/debate some of the premises and to dig in on the stickier aspects of this topic that the book seemed to gloss over a bit.

Overall: super interesting, captured my attention and I enjoyed learning/growing in my understanding on a subject I care deeply about, and one in which I’ve built a career trying to be part of the solution.
Profile Image for Benjamin Tincq.
6 reviews31 followers
December 31, 2023
Great book on how climate solutions emerge and take over, slowly at first, then all at once.

Well written and engaging - each chapter follows one main character that embodies change in a particular field or from a different point of view (solar, batteries, government, advocacy, etc)
20 reviews2 followers
April 5, 2024
a surprisingly fun read on a complex topic

the title is accurate, this is about the business potential of providing new energy sources and technologies to both meet growing energy demand and reduce carbon emissions. You don't have to be a climate activist to enjoy this one.
Profile Image for Sheeba Khan.
127 reviews2 followers
January 24, 2024
I was in a reading slump until I picked up this book, which was gifted by my niece on my visit to India. I generally do not read the books by Indian authors and the bias stems because we were strongly discouraged from referring Indian authors during our M.Tech. in Environmental Engineering. However, I decided to read this book and was pleasantly surprised by what the book has to offer. It’s a well written book on the zero emissions goals of the countries and what it will take to achieve them. The author Akshat Rathi, who I think is based in the UK has interviewed a number of people (including Bill Gates) that are working in the governments, private sectors, and global institutions towards the goal of net zero emissions by 2050. He has written about the advancements being made in the renewable energy sectors in India and other parts of the world, Carbon Capture and Storage (CCS) technology, laws, and what the private sector (and the stakeholders) is doing in terms of decreasing their carbon footprint to help realize the zero emissions, among other things. I am glad that my bias was shattered, and I hope to read more Indian authors on various subjects in future. The book gives a promising picture about the fight against Climate Change and makes you believe that though the time is running out, but all is not lost and there are steps that can be taken to correct the course towards a sustainable future.
1 review
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January 2, 2024
*Book Review*

I recently concluded my holiday break, during which I immersed myself in "Climate Capitalism," a remarkable book on the environment. This work stands out as an exemplary guide that not only addresses environmental challenges but also emphasizes solution-oriented approaches. The author adeptly intertwines commerce and the environment, offering a compelling perspective on their interconnectedness. 🌄


The extensive research conducted by the author is unmistakably evident throughout the pages of the book, showcasing a profound dedication to the subject matter. This book distinctly underscores the pivotal role of the environment in shaping our future. 🌱


It was a worth reading book indeed! 💯


Warm Regards,
Viraj Umesh Mundada.😊
Profile Image for Laurent Franckx.
255 reviews99 followers
February 23, 2025
This is a nice little book but it remains too much stuck at the anecdotal level for my taste. Also, the title doesn't really do justice to the contents, in the sense that several chapters describe how government regulations and incentives have induced capitalists to take action. The book could have dug deeper in the respective roles that governments and private businesses should play in turning the energy transition into reality.
Profile Image for Kat.
72 reviews
February 14, 2024
Very interesting approach to telling to climate story by profiling movers and shakers and telling it through themes. Highly enjoyed it!
43 reviews
June 20, 2025
A Bold, Pragmatic Blueprint for a Sustainable Future

Akshat Rathi’s Climate Capitalism is a powerful and inspiring book that cuts through the noise and offers a refreshingly practical approach to tackling the climate crisis. Rather than dwelling on doom and despair, Rathi focuses on real-world solutions—highlighting innovators, policymakers, and entrepreneurs who are proving that economic growth and climate action are not mutually exclusive.

What makes this book stand out is its global perspective and its emphasis on systems-level change. Rathi blends rigorous reporting with compelling storytelling to show how businesses and governments can—and must—work together to drive a just transition to net-zero. His optimism is grounded in evidence, not idealism, and he’s not afraid to wrestle with complexity or critique greenwashing where it exists.

This is an essential read for anyone interested in climate policy, sustainable development, or the future of capitalism. Whether you’re a policymaker, business leader, student, or concerned citizen, Climate Capitalism offers a roadmap that is as actionable as it is inspiring. Bill Gates called it “an important read,” and I wholeheartedly agree.

Highly recommended.
4 reviews
July 7, 2024
Rathi's approach is refreshingly optimistic, emphasising success stories over doomsday scenarios. He introduces us to diverse protagonists such as Wan Gang, the Chinese bureaucrat whose policies propelled electric vehicles into mainstream viability, and Vicki Hollub, CEO of Occidental Petroleum, who shifted her company’s focus from carbon extraction to carbon capture technologies. These narratives underscore a central theme: capitalism can drive transformative change when aligned with environmental goals.

This book's unique individual journeys include discussions on climate science. Rathi skillfully intertwines business strategies, political manoeuvres, and technological innovations to show how these elements come together to address climate challenges profitably. Whether detailing Denmark’s wind power revolution or India’s success with solar energy, each case study emphasises the vital role of visionary leadership and strategic policy-making.
27 reviews
July 31, 2024
“It’s now cheaper to save the world than destroy it.”

That’s the first line of Akshat Rathi’s optimistic book Climate Capitalism: Winning the Race to Zero Emissions and Solving the Crisis of Our Age. In this book, Rathi presents ten case studies showing how the world is making progress on tackling climate change. Most of the chapters pivot around new technologies like solar and wind power, batteries, electric vehicles and carbon capture. But the real focus of the book is the people behind these developments. Rathi profiles key leaders in the climate fight, from scientists and technologists to venture capitalists and bureaucrats.

Rathi is an unapologetic advocate for capitalism, but it’s a reformed capitalism, one that serves the needs of society and the planet, a capitalism shaped by appropriate laws, policies and public spending.

You can read my full review here: https://unsolicitedfeedback.blog/2024...
Profile Image for Lea Patterson.
1 review
July 26, 2024
Picture two groups of people engaged in a very angry debate. One side are the environmentalists, and the other side are big business. The environmentalists are yelling that big business is destroying the planet. The businessmen are arguing that the environmentalists are destroying the economy. And in the middle of all of this is Akshat, gathering arguments and data and crafting pragmatic ideas for a path forward. He presents the case for both sides and looks for solutions that can address the very real issues that need to be addressed, that is, we must reduce emissions much faster than what we are doing now and there are ways of doing it without breaking the economy. If you like this book, I would also recommend his Podcast - Zero on Bloomberg https://www.bloomberg.com/green-zero-...
Profile Image for FrancescoA.
15 reviews
September 9, 2024
Very interesting overview of recent developments of green technologies, and the policies behind them.
I appreciated how each chapter described a different, country specific, approach to net zero, being solar, batteries, wind, carbon capture etc. And, at the same time, how politics and finance worked together to allow those new technologies to go ahead and become profitable and effective.

The main critic, for me, is that the author mentioned very little about nuclear energy. As it is one of the key technologies for net zero, it would have deserved a dedicated chapter (perhaps focused on France).

I hope the author will write another book on this topic to cover, other than nuclear, novel approaches to net zero like lab growth meat.
1 review1 follower
July 22, 2024
Interesting, useful case studies to take away from the book and apply to other industries which are trying to break through the barriers of running sustainable business models.

For the younger audience (35) a super important book, as you can read historically what political decisions, what changes in the economy led to certain decisions and trends in major markets, such as oil & gas, automotive (electrical cars), wind power and even carbon capture & storage.
24 reviews
January 22, 2025
Great book for anyone interested in the technologies/politics/economics behind climate change. Very comprehensive and complete book (on the subjects written about), and honestly there is plenty of room for a potential “part 2”. Also pretty beginner-friendly if you don’t mind using ChatGPT to further understand some of the chemistry/physics behind it (said by someone not knowledgeable on the topics).
Profile Image for Lisa.
238 reviews
November 1, 2025
For anyone who wonders whether a shift to a green, clean, and renewable energy can have a positive impact on the economy and jobs, read this one. I kind of wish I’d read it before so many things changed … but I’m hopeful that as more people realize the good that a shift can bring, maybe some of the types of changes and innovations Rathi describes in this book are just too good for gov and businesses in the US to ignore.
Profile Image for Kruti Munot.
40 reviews48 followers
June 1, 2024
Insightful book and very well written. I’ve followed Akshat Rathi’s Bloomberg articles and have appreciated his sharp writing so I knew this would be a good one. The book strikes a good balance: it’s accessible for those not too familiar with the climate “industry”, yet still insightful and interesting for those who have been in this space for some time.
Profile Image for David Gutierrez.
11 reviews
April 23, 2025

Great for beginners to understand how to attack climate change, and that government, private and public sectors and also leaders who move the world right now are fundamental in reaching sustainable development.
We are on the same boat in this matter.
3 reviews
July 21, 2024
A vital resource for empowerment. I am certain that for years to come I will be referencing and recommending this book.
105 reviews1 follower
July 22, 2024
Excellent read on the fight against global warming and how we can be optimistic about our future if all facets come together to generate clean energy.
Profile Image for Angus Slater.
8 reviews8 followers
August 25, 2024
I loved this book. It covers a range of climate related topics and perspectives, I learned a huge amount and its optimistic solution oriented tone is infectious. I’ve recommended it to so many friends. Well worth a look
Profile Image for Johann.
9 reviews
March 3, 2025
A lot has changed since the book was published. Now, the book is even more important for people who need optimism in these times.
5 reviews
July 15, 2025
Sehr interessante und wichtige Sicht auf eine der größten Herausforderungen der Menschheit.
Liest sich schnell und bringt verschiedene Konzepte des Zusammenspiels zwischen Wirtschaft, Politik, und Klimawandel sehr anschaulich zusammen.
Displaying 1 - 30 of 74 reviews

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