This Changes Everything: Capitalism vs. The Climate

by Naomi Klein

The conference, which set the groundwork for the Rio Earth Summit, was a breakthrough, recommending that governments cut emissions by 20 percent below 1988 levels by 2005. “If we choose to take on this challenge,” remarked one scientist in attendance, “it appears that we can slow the rate of change substantially, giving us time to develop mechanisms so that the cost to society and the damage to ecosystems can be minimized. We could alternatively close our eyes, hope for the best, and pay the cost when the bill comes due.”56 If we had heeded this advice and got serious about meeting that goal immediately after the 1992 signing of the U.N. climate convention in Rio, the world would have needed to reduce its carbon emissions by about 2 percent per year until 2005.57 At that rate, wealthy countries could have much more comfortably started rolling out the technologies to replace fossil fuels, cutting carbon at home while helping to launch an ambitious green transition throughout the world.