September 5, 2018

TAX WHAT YOU DON'T WANT:

Greener growth could add $26 trillion to world economy by 2030: study (Alister Doyle, Nina Chestney, 9/05/18, Reuters)

[T]he Global Commission on the Economy and Climate, which includes former heads of government, business leaders and economists, said there was "unprecedented momentum" toward greener growth that would boost jobs and countries' economies.

Bold climate action could deliver at least $26 trillion in net cumulative benefits from now until 2030 compared with business as usual, it said.

"There's still a perception that moving toward a low-carbon path would be costly," lead author Helen Mountford told Reuters. "What we are trying to do with this report is once and for all put the nails in the coffin on that idea."

The commission's study adds detailed projections since it first issued a report in 2014 to highlight economic opportunities from a shift away from fossil fuels.

Smarter investments in cleaner energy, cities, food and land use, water and industry could generate 65 million new jobs in 2030, equivalent to the workforces of Egypt and Britain combined, the study said.

A shift from fossil fuels to cleaner energies such as wind and solar power would avoid 700,000 premature deaths from air pollution in 2030, it added.

The report recommended high prices on carbon dioxide emissions of $40-$80 per tonne by 2020 in major economies.

Posted by at September 5, 2018 7:15 AM

  

« HIS LIPS WERE MOVING (profanity alert): | Main | IF THERE'S ONE THING THE TRUMPBOTS BELIEVE IN...: »