The International Energy Agency (IEA) recently announced that growth of global CO2 emissions in 2014 were unchanged from 2013 at 32.3 billion tons of CO2 emissions. What makes this news significant is that according to the IEA, this marks the first time that global CO2 emissions remained unchanged while the global economy grew by 3%. This marks the first time in 40 years in which there was a reduction or halt of greenhouse gas emissions that were not tied to an economic downturn. One major reason policy makers have not acted more aggressive on initiatives for CO2 reduction was the fear that it would almost certainly create negative economic growth. This latest announcement would suggest that that aggressive CO2 reduction policies may contribute to positive global growth. To review the full IEA report please Click Here
Could reducing CO2 help grow the economy?
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