Tom Rand is on carbon mitigation venture capitalist, business-owner, author and speaker. He is Managing Partner of ArcTern Ventures and sits on the board of a number of clean energy companies and organizations. He also developed Planet Traveler, a low-carbon hotel project in downtown Toronto. His first book Kick the Fossil Fuel Habit (2010) was winner of the 2011 Whitepine Non-Fiction award; his second – Waking the Frog – became a bestseller in Spring 2014; his third – Climate Capitalism: Economic Solutions for a Planet in Crisis is out now.
And yeah, it is worth reading.
Particularly as federal elections in both Canada and the United States seem to be rapidly approaching. And particularly if you could benefit from a pragmatic, mostly-positive and capable exposition of the economics and politics of carbon pricing. It is in the title, after all – Climate Capitalism.
First, – about pragmatism. It is rare to see the word so fondly,
deliberately and repeatedly used in books dealing with climate change, economics or politics. Perhaps it should not be a surprise since Rand holds a BSc in electrical engineering (U of Waterloo), an MSc in philosophy of science (University of London and LSE) and an MA and PhD in philosophy (U of Toronto). Rand is, no doubt, fully up-to-speed regarding the origins of pragmatism with Charles Sanders Peirce and all that this origin implies.
Indeed, Rand seems to be fully up-to-speed on all areas of the book: economics, climate science, politics, business ownership and being a thinking human faced with a planet with finite resources and a seriously-damaged environment. In the preface, Rand, a new father, states, “The prospect of hitting catastrophic tipping points in the next few decades bring more than sleepless nights – it makes having a kid a complex moral question. First, there’s the issue of bringing yet another person to our profligate emissions party. It’s uncomfortable (to put it mildly) to say climate change is as much a population issue as an environmental one. Having kids is no longer as morally benign – or even good – as it was in previous generations.“
Rand’s thesis is that carbon pricing is a good thing. That the planet needs it. And even if – all of us from economists and politicians and from billionaires to minimum-wage earners – we manage to take the pragmatic step of implementing sensible carbon pricing strategies, humans are still in for some tough environmental situations in the future. That sounds a bit glum – but the book’s subtitle is Economic Solutions for a Planet in Crisis. Rand delivers information that can be put to use now and in the near-future. Overall, Rand’s 200+ page book comes across as having an appropriate attitude.
Not coincidentally, having the an appropriate attitude is a perspective that Rand seems to want to recommend. Addressing climate change, and we might emphasize global population issues, are an issue of attitude. Rand’s book approaches the topic with a pragmatic, solutions-oriented and appropriate attitude. Rand says that climate capitalism is “about coordinating an accelerated response across the globe. How we might move from the level of independent (often bickering) sovereign political entities to something larger…” Note that Rand includes individuals in his consideration of “sovereign political entities” and sovereignty which he defines as making one’s own rules in one’s own interests.
Recommended Soundtrack for this post and reading Tom Rand’s The Case For Climate Capitalism.
Wondering about politicians who may be open to investigating solutions to a planet in crisis? Have a look at our page on Andrew West – one of several contenders for the leadership of the Green Party of Canada in 2020.
Citations and References
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Featured Photo Courtesy of https://www.tomrand.net/