PNAS Plus Significance Statements

2013 Proceedings of the National Academy of Sciences of the United States of America  
Energy systems based on fossil fuels and uranium have brought about modernity and its specific agro-industrial metabolism. Although this achievement creates a deep lock-in effect, collateral damages such as climate change and large-scale contamination cast doubts on the sustainability of the current mode of global socioeconomic operation. This article (pp. E549-E558) analyzes why the incumbent energy systems are so rigid and still outcompete their more sustainable rivals. We elucidate the role
more » ... elucidate the role of contemporary corporate law in this context and argue that the stiffness of current energy systems could be overcome by assigning unlimited responsibilities to shareholders.
doi:10.1073/pnas.ss11007 fatcat:zmeqvmxsdjcazn3lzl7p5wtxsy