Fighting climate change will help economic growth, study finds

Solar installation on commercial rooftop in Secaucus NJ

CATHERINE BOSLEY / BLOOMBERG – Slowing the pace of climate change in line with the Paris Agreement has clear economic benefits as global warming is increasingly seen as a risk to financial stability and the economy.

Abiding by the Paris Agreement and limiting annual average temperature increases to 0.01 degree Celsius reduces global income by 1.07% by 2100. That compares with a 7.22% hit to gross domestic product if the temperature rises by 0.04 degree Celsius a year, according to a National Bureau of Economic Research paper …

 

Economic development and environmental protection can happen hand in hand from John Gattuso on Vimeo.

go to article

LEAVE A REPLY

Please enter your comment!
Please enter your name here