World Economy Can Reap $26 Trillion in a Decade by Fighting Climate Change

Posted by on September 8, 2018 in Climate Change, Environment, Preparedness with 0 Comments

Shifting from fossil fuels to cleaner energies such as solar power could prevent 700,000 premature deaths from air pollution in 2030. Dennis Schroeder / energy.gov

By Lorraine Chow | EcoWatch

Fighting climate change could generate more than 65 million new low-carbon jobs, avoid more than 700,000 premature deaths from air pollution and add $26 trillion to the global economy all by 2030, according to a major report from international experts.

The report, however, warns policymakers there is a “critical” 2-3 year window to unlock these green benefits—or else the planet could barrel towards runaway climate change.


“Unlocking the Inclusive Growth Story of the 21st Century” was released Wednesday by the Global Commission on the Economy and Climate, an international organization headed by former heads of government, finance ministers and business leaders.

The study’s authors urge governments and the private sector to make decisive shifts, as a “business-as-usual” approach to climate could warm the planet 2°C by 2030, the threshold for dangerous global warming.

“We are at a unique ‘use it or lose it’ moment,” said Ngozi Okonjo-Iweala, former finance minister of Nigeria and co-chair of the Global Commission, in a press release. “Policy makers should take their feet off the brakes, send a clear signal that the new growth story is here and that it comes with exciting economic and market opportunities.”

There are five key areas of green opportunities: developing clean energy systems, improving urban planning, shifting to sustainable agriculture, smart water management and decarbonizing industry, AFP reported from the study.

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