This paper explores what an ecological modernization perspective has to offer in an era marked by globalization. Globalization processes and dynamics are mostly seen as detrimental to the environment. The point that an ecological modernization perspective puts on the research agenda is that, although global capitalism has not been beaten and continues to show its devastating environmental effects in all corners of the world, we are moving beyond the era of a global treadmill of production that only further degrades the environment. More or less powerful, reflexive, countervailing powers are beginning to move towards environmental reform. And these powers are no longer limited to a small environmental movement that only reacts to the constant undermining of society's sustenance base. In analyzing these countervailing forces, the paper also explores the consequences of globalization processes for ecological modernization ideas and perspectives.