Stories tagged with "EKC"

Using Thermodynamics to (Re)Examine Environmental Kuznets Curves

The Environmental Kuznets Curve (henceforth EKC) was developed from a paper written by Simon Kuznets in 1955 titled Economic Growth and Income Inequality. His theory explained that the relationship between economic growth and income inequality forms an inverted U-shape graph with income inequality on the y-axis and economic growth (e.g. GDP/capita) on the x-axis. EKCs extend Kuznets’ original theory by stating that pollution increases as economies grow from agrarian to industrial, but as the population becomes wealthier a turning point is passed after which the amount of pollution decreases as income grows, forming an inverted U-shape (Figure 1). As such, EKC theory has been cited as a justification to prioritize economic development over environmental stewardship (Beckerman, 1992), and just last week the science reporter for the New York Times, John Tierney, wrote an article claiming exactly the same thing: “The richer everyone gets, the greener the planet will be in the long run.”