Recent headlines may create the impression that the energy transition is slowing down, struggling against headwinds, and failing to make the requisite progress against our climate targets.
But the reality is that there is enormous progress being made against the climate change challenge, especially if you step back a bit from the daily news flow and consider the trends. There is plenty of evidence that we are in fact making a good deal of progress, and that the energy transition is accelerating, not slowing down. In fact, 2025 may be the year that global emissions peak and go into decline.
In his new book, The Case Against Climate Doom — An Economist's Guide to Climate Optimism, economist Michael Jakob reveals why the "we're too late" narrative isn't just wrong, but one that fossil fuel interests use to delay climate action. Building on his degrees in physics, economics, and international relations, Michael explores how climate change mitigation, adaptation technologies and policies are spreading across the world.
The evidence is striking: Solar costs have dropped 90% in 20 years, wind 80%, batteries 97%. Norway hit 97% EV market share without banning gas cars, simply by making electric vehicles irresistible. Climate litigation is winning unprecedented cases, with Swiss seniors successfully arguing that government inaction violates human rights. Over 5,000 climate policies now exist worldwide, up from under 100 in 2005.
In today's conversation, we explore five examples from each dimension the book covers: social progress, political change, and technological advances. From the collapse of carbon lock-in, to why even Texas became a green energy powerhouse, this interview offers clear evidence showing why the transition is continuing to accelerate, not stall.