Monday, March 16, 2015

CO2 & GDP

Diversity of opinion over "climate change" runs the gamut. At one of the extreme ends of that range is the claim that "economic growth" necessarily increases CO2 emissions, thereby hastening global disaster.

Economic growth, roughly equivalent to GDP growth, means "the increase in the market value of the goods and services produced . . . " A growing economy means a better standard of living for people.

Here is the conflict:  that claim above demands that economic growth STOP and that standards of living FALL, or the world will be damaged beyond repair. That's radical.

But wait, there's good news: new information may challenge the claim:

In the year 2014, the global economy grew but carbon (CO2) emissions didn't. Why is this good news? Because apparently it is possible to grow the economy and still lower the CO2. Maybe everyone can win.

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