This book investigates whether the global economy's transition away from fossil fuels is genuinely underway and how it can be accelerated. The author, Peter Newell, examines the complex politics surrounding decarbonization, particularly in the context of global capitalism and free-market ideologies. The analysis focuses on the creation of carbon markets and the engagement of business and finance sectors, while also highlighting the significant political dilemmas and the need to confront corporate power, energy consumption cultures, and global inequalities.

The book is presented as essential reading for understanding the challenges of climate change and decarbonization. Its scope is noted to inform student courses across environmental studies, development studies, international relations, and business programs. The framing suggests a critical analysis of current economic and political systems in relation to environmental sustainability. It aims to provide a comprehensive overview of the complexities involved in transitioning to a low-carbon economy.