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CLIMATE CHANGE AND THE WORLD ECONOMY

The World Bank has recently announced that tackling climate change would help grow the world economy, adding up to $2.6tn a year to global GDP in the coming decades.

The report has found a number of key policies that would drive to global GDP gains of between $1.8tn and $2.6tn a year by 2030, meaning new jobs, increased crop productivity and public health benefits.

According to the World Bank’s findings, the pro-climate measures and tax incentives would also deliver nearly a third of the reductions in greenhouse gas emissions needed to keep warming below the 2C threshold for dangerous climate change.

The results of this study play a significant role halting the debates and the concerns about the cost to take actions against climate change.

In relation to that, the study provided solid data on the effects of pro-climate policies, showing the smart choices that will improve local and global economies, the World Bank said.

The report has focused on the effects of specific policies in six regions, Brazil, China, the European Union, India, Mexico, and the United States, that are both leaders in the world economy and global emissions.

Economists used computer modelling to analyze the effects of specific measures, such as installing dedicated bus lanes in India or clean cook stoves in China, or introducing more efficient air conditioning and other building systems in Mexico.

Additionally, the annual benefits of the pro-climate policies would have other knock-on benefits including avoiding 94,000 deaths a year caused by air pollution, the Bank said.

In this context, the UN secretary general, Ban Ki-moon, has strongly invited world leaders to reinforce their commitment in order to achieve an adequate global climate change deal.

 

The gLAWcal Team

and

the team of the University Institute of European Studies (IUSE), Turin, POREEN project

Saturday, 28 June 2014

(Source: ChinaDialogue)