Economic Growth Without More Carbon Emissions

For more than a century, economic growth meant more carbon. That link is breaking.

Sorry to keep being the bearer of good news, but a new study on global carbon budgets over the last decade (reported in The Guardian) shows real progress:

  • 92% of the global economy has at least partially decoupled GDP growth from emissions
  • Nearly half of global GDP comes from countries that are growing AND cutting emissions (incl. Brazil, the UK, Norway, Switzerland)
  • 22 countries — including US, Japan, Canada, most of the EU — decoupled long before 2015
  • A “spectacular shift in China“. From 2015-2023, the economy grew 50% while emissions rose 24%. Over the last 18 months, emissions have flatlined

 

Ok, big caveats before everyone starts yelling:

  • Total emissions still rising (1.1% in 2025)
  • GDP doesn’t measure well-being
  • Services growing as a % of GDP (decoupling is easier)
  • Growth is still obsession, which isn’t fully compatible with thriving
  • Decoupling is NOT the full answer; we have to go faster to true zero

Climate change is getting worse, but this is still great news.

(See discussion about this on LinkedIn)

Other recent posts

A quick roundup (from BCG) of recent reporting moves in the EU

BP and Shell backtrack on clean energy (what a shock)

The debate about “100% Renewable” really means — and Why it may be changing

A rollercoaster of climate headlines last week

The EPA posts climate denial talking points

The latest Globescan report on corporate sustainability (Patagonia is #1)

[Image: Pixabay, CSchmidt-EC]


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Andrew Winston
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