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Profiting in a Warming World: Investigating the Link Between Greenhouse Gas Emissions and Capitalist Profitability in OECD States

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Soener,  Matthew
Max Planck Sciences Po Center on Coping with Instability in Market Societies (MaxPo), MPI for the Study of Societies, Max Planck Society;

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引用

Soener, M. (2019). Profiting in a Warming World: Investigating the Link Between Greenhouse Gas Emissions and Capitalist Profitability in OECD States. Sociological Forum, 34(4), 974-998. doi:10.1111/socf.12559.


引用: https://hdl.handle.net/21.11116/0000-000D-FBEB-0
要旨
Economic growth is a key contributor to climate change, but undergirding growth is capitalist profitability. In this article, I refine this long-standing relationship between growth and emissions by estimating if the profit rate and the “exploitation rate” (surplus profits / wages and salaries) predict greenhouse gas emissions. I do so in a sample of advanced capitalist economies from 1995 to 2016 with profitability data on four industries (agriculture, manufacturing/construction, energy, and transportation) as well as greenhouse gas emissions data for both those industries and emissions at the national level. Methodologically, I use two-way fixed effects models and panel-corrected standard errors. My results show that the total profit and exploitation rates are positively associated with emissions. Exploitation in the transportation and manufacturing/construction sectors, moreover, is also positively associated with emissions. This article provides empirical support for those in environmental sociology claiming that capitalist profitability is a key driver of climate change and ecological change is inseparable from unequal social relations.