Mike Hutchings/Reuters
- A new report argues that quicker action on climate change could add more than $ 2 trillion a year to the global economy over the next decade.
- The report, from the Global Commission on the Economy and Climate (GCEC), argues that increasing investments in sustainable technologies would increase economic output globally by $ 26 trillion by 2030.
- “There’s still a perception that moving toward a low-carbon path would be costly,” Helen Mountford, the lead author of the report said. “What we are trying to do with this report is once and for all put the nails in the coffin on that idea.”
- The report’s release comes just months after US President Donald Trump signalled his intention to pull out of the Paris Agreement on climate change.
Bold action on climate change could add more than $ 2 trillion a year to the global economy over the next decade, according to a major new report, which seeks to dispel the belief that tackling environmental issues will stifle economic growth.
The report from the Global Commission on the Economy and Climate (GCEC) on Wednesday argues that the world’s politicians and decision-makers are “significantly underestimating the benefits of cleaner, climate-smart growth.” It said the global economy could increase in size by $ 26 trillion by 2030, if more ambitious steps are taken.See the rest of the story at Business Insider
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