From Environmental Leader, Published 17 September 2014
Businesses and governments can tackle climate change and improve economic performance, according to a report by the Global Commission on the Economy and Climate, a group of business and policy leaders from 19 countries.
Better Growth, Better Climate: The New Climate Economy Report was presented to governments and business and finance leaders at a global launch event at the UN headquarters in New York City, attended by United Nations Secretary General Ban Ki-Moon. The report arrives just one week before the UN Climate Summit.
The report finds that over the next 15 years, about $90 trillion will be invested in infrastructure in the world’s cities, agriculture and energy systems. It says this presents an unprecedented opportunity to drive investment in low-carbon growth, bringing benefits including jobs, health and business productivity.
The report finds that there are now major opportunities to achieve strong growth with lower emissions in three key sectors of the global economy: cities, land use and energy. To achieve this growth, governments and businesses need to improve resource efficiency, invest in good-quality infrastructure, and stimulate technological and business innovation.
Better Growth, Better Climate sets out a 10-point Global Action Plan of recommendations that will lead to net benefits to the economy, the commission says.
The commission calculates that if fully implemented its recommendations could potentially achieve up to 90 percent of the emissions reductions needed by 2030 to avoid dangerous climate change. This would require decisive and early action by economic decision-makers, the report says.
Over the next six months the commission will discuss the report with economic decision-makers across the world.
On Sept. 22, the eve of the Climate Summit, the Ford Foundation, together with the Climate and Land Use Alliance, will host a meeting among major corporate, indigenous and government leaders for a conversation about what it will take to slow deforestation, reduce conflict over forests and stem global climate change.
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