A new report from the University of Michigan starts off its press release with a not so optimistic phrase: “It’s a message no one wants to hear.”
Just what message is this?Read it at Business Insider
That it would take an extreme economic downturn to slow the effects of global warming.
The research conducted by José Tapia Granados and Edward Ionides of U-M and Óscar Carpintero of the University of Valladolid in Spain is considered the first to assess fluctuations in carbon dioxide based on measurable levels, instead of less accurate carbon emission estimates.“If ‘business as usual’ conditions continue, economic contractions the size of the Great Recession or even bigger will be needed to reduce atmospheric levels of CO₂,” Tapia Granados, a researcher at the U-M Institute for Social Research, said in a statement (via Science Daily).
The Only Thing That Will Stop Global Warming Is A Massive Economic Downturn
Liz Klimas | The Blaze
(h/t Kevin Fathi via email)
5 comments:
Neoliberals are saving the world! :)
Markets are great at deciding which cars to use, not so great at deciding to use cars or not.
Tom: O/T, but if you haven't been to Bill's blog yet today, you should. It is a very sad day indeed.
@ Michael Boudreau
Yes, I was informed by email, but I didn't want to post on a family matter before it came up at New Economic Perspectives.
I sent condolences to Randy at the untimely loss of his beloved wife.
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