Tag Archives: economic-growth

Victory! The New York Times called a denier a denier.

That’s according to a new report from the Brookings Institution, which says a decoupling of economic growth from CO2 emissions shows that it is indeed possible to have your cake (aka money) and eat it too (aka less pollution).

Brookings Institute

As Brookings put it: “President-elect Trump’s notion of an opposition between economic growth and environmental stewardship appears to be a false one.”

On average, the states that separated economic growth from emissions saw their GDPs rise by 22 percent while cutting CO2 by 12 percent between 2000 and 2014. States where emissions rose saw GDP rise too, by an average of 32 percent, but that figure might have been lower if Brookings had been able to analyze more recent data, as oil, gas, and coal prices have fallen in the last couple of years, hurting the economies of fossil fuel–producing states.

Going forward, all states need to do better — national emissions must drop 4.3 percent a year from now till 2030 to be on track to avert the worst of global warming. The good news is that even if the federal government isn’t helping, states and cities have a lot of power to cut carbon via renewable energy targets, energy-efficiency efforts, building codes, and more.

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Victory! The New York Times called a denier a denier.

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Happy Holidays! Economic Growth Finally Starting to Look Robust.

Mother Jones

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Hey, take a look at this. Yet another revision is in, and the Commerce Department now estimates that third-quarter GDP grew at a sizzling 5.0 percent rate, following a nearly-as-good 4.6 percent rate in the second quarter. Part of this is still a make-up for poor growth in the first quarter, but it’s good news nonetheless. The economy really does seem to have found a new gear this year:

Tuesday’s report showed stronger-than-expected spending by U.S. consumers, particularly on services like health care. Fixed nonresidential investment also was revised up, signaling more spending by businesses on new buildings and research and development.

“There is a positive feedback loop going on at the moment,” Mike Jakeman, global analyst for the Economist Intelligence Unit, said in a note. “Job creation is running at the strongest rate for 15 years. More people in work means more income, which means more private spending, which means more business investment, which means more hiring.”

Corporate profits are also up, and the stock market is at new highs every day. Wage growth still needs to get stronger, but it showed signs of life last quarter. All things considered, five years after the Great Recession technically ended, we’re finally doing pretty well.

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Happy Holidays! Economic Growth Finally Starting to Look Robust.

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