Tackling climate change could add $26tn to the global economy and create 65 million jobs by 2030, according to a report by the Global Commission on the Economy and Climate (GCEC). OSLO/LONDON (Reuters) - Strong action to combat climate change could cumulatively add at least $26 trillion to the world economy by 2030, according to a study on Wednesday which seeks to dispel fears that a shift from fossil fuels will undermine growth. Momentum towards greener growth is “unprecedented” but progress is not being made fast enough, the report’s authors add. Renewable energy could prevent 700,000 premature deaths from air pollution, the commission found, while suggesting emission pricing of $40-80 per tonne by 2020 in larger economies. Reforming energy subsidies could raise $2.8tn in government revenues, the report notes. The GCEC says that if governments don'thing about emissions they will be responsible for more than half of all future warming – which would mean an extra 1.5m people living at risk of extreme
Tackling climate change could add $26tn to the global economy and create 65 million jobs by 2030, according to a report by the Global Commission on the Economy and Climate (GCEC). Momentum towards greener growth is “unprecedented” but progress is not being made fast enough, the report’s authors add. Renewable energy could prevent 700,000 premature deaths from air pollution, the commission found, while suggesting emission pricing of $40-80 per tonne by 2020 in larger economies. Reforming energy subsidies could raise $2.8tn in government revenues, the report notes. The GCEC says that if governments don'thing about emissions they will be responsible for more than half of all future warming – which would mean an extra 1.5m people living at risk of extreme