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Climate change plan can generate $26 trillion for global economy

GOVERNMENTS and corporations can generate an extra US$26 trillion to the world economy by 2030 if they undertake an ambitious plan on climate change, the Global Commission on the Economy and Climate said on Wednesday. The think tank grouping of former government, economic and business leaders said the economic spillover from engaging in a low-carbon economy has been “grossly underestimated.” “Bold action could yield a direct economic gain of US$26 trillion through to 2030 compared with business-as-usual. And this is likely to be a conservative estimate,” the commission said in its annual report. SEE ALSO: Dumb, angry and unhealthy: The weird, lesser-known effects of climate change Over 65 million new low-carbon jobs can be created by 2030 and 700,000 premature deaths due to air pollution could be avoided if policymakers and corporations took on a dynamic action plan on global climate change. “Seizing the economic benefits of low-carbon and resilient growth...

 

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