21 countries are cutting carbon emissions while growing GDP

21 countries are cutting carbon emissions while growing GDP

As countries embark on the transition to a new climate economy, there’s a debate about whether growth can drive, or even coexist with, climate stabilization. On the other side of the coin, it’s also a discussion of whether climate stabilization can drive growth. The debates on growth and resources are complex, fractious and centuries old, and while they won’t be resolved in the immediate future, recent developments show that global greenhouse gas (GHG) emissions stayed flat in 2014 and 2015 while GDP continued to grow. This emerging trend is supported by 21 countries that have managed to reduce GHG emissions while growing GDP.

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The United States is the largest country to experience multiple consecutive years in which economic growth has been “decoupled” from growth in carbon dioxide emissions. From 2010 to 2012, energy-related carbon dioxide emissions declined by 6 percent (from 5.58 to 5.23 billion metric tons), while GDP grew by 4 percent (from $14.8 to $15.4 trillion). In its analysis of the Clean Power Plan, the U.S. Energy Information Administration forecasts that moving to a cleaner electricity system after 2020 would bring about a sustained period of GDP-GHG decoupling. As illustrated in the figure below, CPP implementation is expected to reduce total U.S. energy-related carbon dioxide emissions by a further 6 percent between 2020 and 2025, while GDP increases by 13 percent in real terms over the same period.

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Source: Reneweconomy.com

Date: April 2016

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Tags assigned to this article:
economicsenergy policyenvironment

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