What is it about?
Governments all around the world are trying to reduce carbon emissions. They all want to do this in a way that protects economic growth. This means they want their country to continue to be wealthy, and for people in that country to continue to have a good quality of life. This study looked at whether economic growth always means higher carbon dioxide emissions. It was based on information gathered over 200 years by Canada, France, Germany, Italy, Japan, United Kingdom, and the United States.
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Why is it important?
Lots of governments have put rules in place to try and reduce carbon emissions. For example, they encourage companies to use low carbon power sources. This study shows that those countries have continued to grow their economies. KEY TAKEAWAY: Cutting carbon emissions does not have to be bad for economic growth.
Read the Original
This page is a summary of: Are we moving towards decarbonisation of the global economy? Lessons from the distant past to the present, International Journal of Finance & Economics, February 2021, Wiley, DOI: 10.1002/ijfe.2553.
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