U.S. Carbon Emission Declines: Recessions Beat Cap-and-Trade

Given the year-over-year economy-induced decline was saw last year in U.S. carbon emissions, maybe we should gun for a longer and deeper recession/depression. It would certainly outpace anything we’re likely to get from cap-and-trade and another such expensive and complex stuff. The following is based on data from a recent Netherlands report:



As an aside, by my calculations U.S. carbon emissions declined last year roughly on par with the entire annual emissions of Spain. Maybe we should make that the new unit of measure: We’re going for a Spain in emission reductions.