Could The Global Recession Lead To Global Warming Slowdown?
Tim Hanlin, managing director of the Australian Climate Exchange told the Australian that there is some good news in the midst of a global recession– global warming is also slowing down.
Hanlin says economic cycles were linked to emission trajectories; less economic activity means lower emissions.
Deutsche Bank recently forecasted that due to the looming global recession, Europe’s industrial CO2 emissions would fall by 100 million tones next year, compared with last year.
However, David Pearce, executive director at Centre for International Economics, told the Australian that these reduction will unlikely have long-term effects and, “certainly would not achieve any of the greenhouse targets.”
Just last week, European Union countries agreed to maintain their greenhouse targets and schedule to tackle climate change.
Stay Up-to-Date On Environmental Management, Energy & Sustainability News with EL's Free Daily Newsletter
Energy Manager News
- Solutions to Help Reach Building Energy Management Goals
- Advanced Fans Cut Datacenter Energy Requirements
- Renew Financial Acquires FL PACE-Lender EcoCity Partners
- Solar Canopies in Maryland, California
- Increased Demand for EVs Driving Global Battery Management System Market
- UCLA Creates The L.A. Energy Atlas
- Santa Cruz Saves with Six Battery Tower
- Using the IoT to Drive Power Plant Efficiency