Joe Aldy on the complex economics of the clean energy transition

Economist and Harvard Kennedy School Professor Joe Aldy says possibly the most complex—and one of the most existentially important—problems facing humanity is how to pull out the roots of fossil fuel infrastructure that are so deeply embedded in the global economy. The work is complex and the scale is immense; In fact it’s been said that transitioning the global economy from fossil fuels to sustainable sources will require the largest reallocation of capital in human history. Meanwhile Russia's invasion of Ukraine and its willingness to weaponize oil and natural gas distribution was a sign to many that the green energy transition will be bumpy and buffeted by geopolitical crises and the domestic politics of countries around the world. Joe Aldy is here to help us swap our rose-colored glasses for a clear-eyed vision of what the future holds for the economics of climate.