Declining consumption of coal in the US last year played a significant role in keeping down global emissions of carbon dioxide, according to a new report.
The Global Carbon Project annual analysis shows that CO2 emissions were almost flat for the third year in a row, despite a rise in economic growth.
The slowdown in the Chinese economy since 2012 has also been a key factor limiting carbon.
Experts believe it is too early to say if global CO2 emissions have peaked.
(Score: 3, Informative) by ikanreed on Thursday November 17 2016, @12:35AM
Uh, sure. It worked in: Germany 2007-8, The US in 1993-4, the US 1958, the US new deal 1930s(your ideology is going to disagree with that, so what), China 2000, until they way overshot and weren't ready for 2008
Counterpoints where financial austerity during each recession and made things substantially worse:
UK 2007-2008, Japan 1993-1994, (I don't have a match for 1958), Germany 1930s, Brazil 2000
But by all means, please regurgitate a reason magazine article that explains how each and every recession, regardless of whether Keynesian economics were applied, are the fault of government cyclic response. Be sure to include information about crowding out when it's deficit spending, and other hyperaustrian nonsense. I love me some pseudoscience in the evening.
(Score: 1) by khallow on Thursday November 17 2016, @04:10AM
Uh, sure. It worked in: Germany 2007-8, The US in 1993-4, the US 1958, the US new deal 1930s(your ideology is going to disagree with that, so what), China 2000, until they way overshot and weren't ready for 2008
Counterpoints where financial austerity during each recession and made things substantially worse: UK 2007-2008, Japan 1993-1994, (I don't have a match for 1958), Germany 1930s, Brazil 2000
Exactly (UK should be 2010 BTW and China of 2008 wasn't significantly weakened at the time by the global real estate crisis). Notice that your successful cases are all countries with low debt to GDP ratios and your failures are all countries with high debt to GDP ratios. That's even stronger a correlation than your allegedly Keynesian spending behavior.
Also, I wouldn't count 1958 or of course, the 1930s recessions of the US as an example of Keynesian economics in action. The former didn't have significant spending and the later failed pretty hard despite said spending - including a second recession in the latter part of the 1930s and high unemployment throughout the era til the beginning of the Second World War for the US.
I'll note that there have been numerous recessions in the US prior to the Great Depression and they resolved themselves without notable Keynesian spending.