[MCN] When will C02 emissions be reduced by a next economic recession?

[Lance Olsen]

BLOOMBERG  <http://money.com/money/author/bloomberg/>March 6, 2019

1st 2 paragraphs

More than three-quarters of business economists expect the U.S. to enter a recession by the end of 2021, though a majority still estimate the Federal Reserve will continue raising interest rates this year.

Ten percent saw a recession beginning this year, 42 percent project one next year, while 25 percent expect a contraction starting in 2021, according to a semiannual National Association for Business Economics survey released Monday. The rest expect a recession later than 2021 or expressed no opinion, the Jan. 30-Feb. 8 poll of nearly 300 members showed.

http://money.com/money/5637691/economists-recession/ <http://money.com/money/5637691/economists-recession/>


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“Booms have consequences.”

James Grant. Money of the Mind : Borrowing and Lending in America from the Civil War to Michael Milken. Farrar Straus Giroux. 1992.
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“The growth in CO2 emissions closely follows the growth in Gross Domestic Product (GDP) corrected for improvements in energy efficiency.”

P. Friedlingstein, et al. “Update on CO2 emissions.” 
Nature Geoscience. Published online: 21 November 2010
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In a July, 2001 editorial, The Economist said that “It is no coincidence that the deepest and most protracted recessions in recent decades have taken hold in countries that experienced booms ...”  
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“Changes in world GDP (WGDP) have a significant effect on CO2 concentrations, so that years of above-trend WGDP are years of greater rise of CO2 concentrations.”

Granados et al. Climate change and the world economy: short-run determinants of atmospheric CO2. Environmental science & policy 21 (2012) 50–62



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