Capitalism could conquer climate change

Monday, October 28, 2019
 | 
Chris Woodward (OneNewsNow.com)

cash registerMany of the people sounding the alarm over man-made climate change believe our economy and lifestyle are contributing to the problem, but one policy analyst argues that capitalism is actually good for the environment.

"The data bears it out," says Katie Tubb, senior policy analyst for energy and environmental issues at The Heritage Foundation, a center-right think tank in Washington, D.C. "As people become wealthier, they have the ability to take better care of their environment around them, and capitalism is one of the best tools we know of to enrich all people."

Even so, simple web searches on capitalism and climate change will result in dozens of articles, blogs, and policy papers from individuals, think tanks, and special interest groups arguing that "we are killing the planet."

On the campaign trail, presidential candidates like Senator Elizabeth Warren (D-Massachusetts) has stated that tackling the climate challenges will provide the country with the opportunity to grow the economy.

Tubb

"We can address climate change and strengthen our economy by making major upgrades to our crumbling infrastructure, building more resiliency along our coasts and rivers, constructing more renewable energy, and promoting policies that will spur new, innovative research," said Warren during a speech in March on climate change leadership. "These investments will protect our planet and create good jobs with living wages, strong benefits, and safe working conditions."

One of the knocks against climate plans from Warren and others is that they are very expensive and could be devastating to the economy. Tubb agrees.

"We're looking at trillion-dollar price tags to even just pieces of the Green New Deal," says Tubb. "It's very expensive, and if you model it out, it's not very beneficial for the environment."

Similar opinions have been shared about the Paris Climate Agreement.

Comments

We moderate all reader comments, usually within 24 hours of posting (longer on weekends). Please limit your comment to 300 words or less and ensure it addresses the article - NOT another reader's comments. Comments that contain a link (URL), an inordinate number of words in ALL CAPS, rude remarks directed at other readers, or profanity/vulgarity will not be approved. More details

FEATURED PODCAST

SIGN UP FOR OUR DAILY NEWSBRIEF

SUBSCRIBE

VOTE IN OUR POLL

Just once, I'd like to see the secular media …

CAST YOUR VOTE

GET PUSH NOTIFICATIONS

SUBSCRIBE

LATEST AP HEADLINES

Curfews ordered in more than dozen US cities
Protests heat up across US, governors call in National Guard
FBI says its top lawyer is leaving the bureau
‘Back in the game’: SpaceX ship blasts off with 2 astronauts
National Guard summoned to aid cities amid police clashes
Pentagon puts military police on alert to go to Minneapolis
What’s behind latest India-China border tension

LATEST FROM THE WEB

Trump says will not allow mob violence to rule
Knife-wielding woman shot and killed by police, days after her brother was arrested for ISIS terror plot
Opinion — Andrew McCarthy: Laws against rioting and terrorism must be enforced against Antifa and other violent radicals
Supreme Court rejects challenge to limits on church services; Roberts sides with liberals
In unusual move, US embassies in Africa speak up on Floyd

CARTOON OF THE DAY

Cartoon of the Day
NEXT STORY
Buyer beware -- Target's still a scary place to shop

Target shopping cartsAccording to Target, its policy allowing people to use opposite-sex bathrooms and/or changing rooms is meant to be inclusive. But the American Family Association (AFA) continues to boycott the retailer, maintaining that it puts women and children at risk of sexual predators who take advantage of the transgender policy.