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Capitalism's Fake Solutions to the Climate Crisis

Emma Black

The name dropping of an array of these high-tech “solutions” to the climate crisis was a feature of US President Joe Biden’s Earth Day summit in April. Among those in which Biden has promised to invest US$35 billion as part of his proposed American Jobs Plan are carbon capture and storage, hydrogen, nuclear, floating offshore wind, biofuels and electric vehicles. 

While the disappearance of the outright climate denialism of the Trump era might seem cause for celebration, the new trend for spruiking the magical power of technology to solve the climate crisis is cause for serious concern. When you look beyond the headline-grabbing announcements of increased long-term ambition, the Earth Day summit amounted to little more than another case of government greenwashing of the business as usual of fossil-fuelled capitalism.