Bold climate action could deliver $26 trillion to 2030Staff 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.
World The Report highlights opportunities in five key economic systems
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. ■