New Climate Action

BOLD CLIMATE ACTION COULD DELIVER US$26 TRILLION TO 2030


Global Commission on the Economy and Climate finds that bold climate action could deliver at least US$26 trillion in economic benefits through to 2030, compared with business-as-usual.

The tremendous technological and market progress over the last decade is driving the shift to a new climate economy. Real benefits include 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.

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

“We can now see that this new growth story embodies very powerful dynamics: innovation, learning-by-doing, and economies of scale. Further, it offers us the very attractive combination of cities where we can move, breathe, and be productive; sustainable infrastructure that is not only clean and efficient, but also withstands increasingly frequent and severe climate extremes; and ecosystems that are more productive, robust, and resilient,” said Lord Nicholas Stern and Co-Chair of the Global Commission.

The Global Commission calls on governments, business, and finance leaders to urgently prioritise actions on four fronts over the next 2-3 years:

·  Ramp up efforts on carbon  pricing and move to mandatory disclosure of climate-related financial risks

·  Accelerate investment in sustainable infrastructure 

·  Harness the power of the private sector and unleash innovation 

·  Build a people-centred approach that shares the gains equitably and ensures that the transition is just. 

Read the report at www.newclimateeconomy.report/2018/