The New Climate Economy report out this week says effective climate action can save the world $26 trillion by 2030.
Transforming five economic systems is the key to unlocking this, according to the Global Commission on the Economy and Climate, who produced the paper. It calls for an investment of $90 trillion over the next three years, in clean energy systems; smarter urban development; sustainable land use; wise water management; and a circular industrial economy; to ensure the right path is taken, in what the report says is our ‘use it or lose it’ moment.
Transitioning to this low-carbon, sustainable growth path could deliver a direct economic gain of US$26 trillion through to 2030 compared to business-as-usual, according to analysis for this report.
Over to you, policymakers and business leaders.