CAPITALISTS TRY TO SAVE CAPITALISM FROM ITSELF, AGAIN YOU CAN MAKE MONEY OFF OF BEING GREEN!!!! Policies to slow down warming may be more attractive if framed as ways of speeding up growth FOR years, people who worry about climate change have tried to persuade, cajole or scare governments into doing more to stop it. Nothing has made much difference. Carbon-dioxide emissions have risen relentlessly; in 2013 the level of carbon dioxide in the atmosphere increased at its fastest rate for 30 years. Now, a team of the great and the good has a cannier pitch. In the lead-up to the New York climate-change summit they have issued a report arguing not that global warming will destroy the Earth, but that much of what is needed to reduce its risks would be a good idea anyway. The group is chaired by Felipe Calderón, a former president of Mexico, and Nicholas Stern, author of an early review of the economics of climate change which played up the costs of inaction more than benefits of action. Its members are a Whos Who of global influence: four former presidents or prime ministers; two Nobel economics laureates (Michael Spence of New York University and Daniel Kahneman of Princeton); and a bevy of people from all the main multilateral financial institutions (such as the World Bank, IMF and Asian Development Bank). They are people who know what presidents and finance ministers think is important, which is getting and keeping economies going. Better Growth, Better Climate starts not with threats to the environment but with weak global demand and dangers to jobs and income. Productivity and job growth in rich countries is feeble; middle-income countries are only rarely graduating into the rich club; poor countries fear they will not catch up. The solution, say the authors, is structural reform in urban infrastructure, in farmland and forests and in energy markets. Not by coincidence, these areas between them account for the lions share of greenhouse-gas emissions. Read more: businessinsider/encouraging-climate-action-try-jam-today-2014-9#ixzz3DyMWA9lK
Posted on: Sun, 21 Sep 2014 17:33:27 +0000
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