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Bold climate action could deliver $26 trillion to 2030

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Staff Writer | September 6, 2018
A major report released by the Global Commission on the Economy and Climate finds that we are significantly under-estimating the benefits of cleaner, climate-smart growth. Bold climate action could deliver at least $26 trillion in economic benefits through to 2030, compared with business-as-usual.
America pollution
World   The Report highlights opportunities in five key economic systems
The Report finds that over the last decade there has been tremendous technological and market progress driving the shift to a new climate economy. There are real benefits to be seen in terms of new jobs, economic savings, competitiveness and market opportunities, and improved wellbeing for people worldwide. Momentum is building behind this shift by a wide range of cities, governments, businesses, investors and others around the world, but it is not yet fast enough.

Unlocking the Inclusive Growth Story of the 21st Century is being presented to the United Nations Secretary-General António Guterres at a global launch at UN headquarters in New York City. The report arrives just one week before the Global Climate Action Summit in San Francisco.

The Report highlights opportunities in five key economic systems – energy, cities, food and land use, water, and industry. It demonstrates that ambitious action across these systems could deliver net economic gains compared with business-as-usual and:

- Generate over 65 million new low-carbon jobs in 2030, equivalent to today's entire workforces of the UK and Egypt combined.

- Avoid over 700,000 premature deaths from air pollution in 2030.

- Generate, through just subsidy reform and carbon pricing, an estimated $2.8 trillion in government revenues per year in 2030 - equivalent to the total GDP of India today - funds that can be used to invest in other public priorities or reduce distorting taxes.

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