How market forces are winning the climate change battle

Categories: News
Published on: March 18, 2015

CBC News / Don Pittis / 17 March 2015

guatemala-renewable-energyDespite the stereotype of a business lobby warning about the prohibitive costs of cutting back on greenhouse gases, there are increasing signs that capitalism and market forces are actually rescuing us from climate change.

Surprising new data from the International Energy Agency shows that while the global economy continued to grow in 2014, the amount of carbon dioxide produced didn’t.

According to the IEA report, this is “the first time in 40 years in which there was a halt or reduction in emissions of the greenhouse gas that was not tied to an economic downturn.”

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