Jeff Rubin & David Suzuki: Economics Changes The Environmental Game
The two disciplines are closely related, he adds. "If economic growth can't continue at the rates we're grown accustomed to," Rubin says, "then that's a game-changer as far as our environmental footprint is concerned." With oil prices skyrocketing and the cost to extract that oil becoming higher and higher, Rubin explains that it's not necessarily the environmentalists of the world who are going to keep oil in the ground—it's the economists. Why? Because "climate change is starting to affect our pocketbooks," he says. He points to the billions of dollars in damages caused by Superstorm Sandy and the billions being poured into drought relief for farmers in the Midwest as evidence that environmental concerns are starting to become an economic problem—and growth cannot continue the way it has under these conditions.
As the author of Why Your World is About To Get a Whole Lot Smaller, and The End of Growth, Rubin has been discussing the connection between economics and ecology for some time now. He is the former chief economist and strategist for CIBC World Markets and was also one of the first economists to openly discuss the global ramifications of rising oil prices. His lectures with Suzuki explore the rapidly changing world we live in today—and how numerous factors are going to push us in a greener direction in the future.