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Greening of CapitalismHow Asia Is Driving the Next Great Transformation$
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John A. Mathews

Print publication date: 2014

Print ISBN-13: 9780804791502

Published to Stanford Scholarship Online: May 2015

DOI: 10.11126/stanford/9780804791502.001.0001

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From Fossil Fuels to Renewable Energy

From Fossil Fuels to Renewable Energy

(p.79) 4 From Fossil Fuels to Renewable Energy
Greening of Capitalism

John A. Mathews

Stanford University Press

Part II is the substantive core of the book, devoted to the three fundamental sectors of capitalism where changes are going to be needed, and where changes are already under way. Chapter Four discusses the transition from production systems based on fossil fuels to systems based on renewable energies. The generation of power through harvesting renewable energy supplies constitutes a completely different energy foundation from one based on exploiting fossil fuels drilled or mined from the earth. In place of international conflict being fuelled by geographical accidents where oil is found in some countries but not others, all countries will have the option of building the technologies and industries needed to harvest renewable power. China has emerged as world leader in this historic transition, creating markets, building industries, and investing in clean technologies. Renewables then emerge as the default option for the energy system of a global green capitalism.

Keywords:   renewable energy, energy security, renewable energies, concentrated solar power, smart grid, land and resource constraints, Energiewende

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