Positive Economics and Climate Report offers the Planet one Final Chance
A recent report entitled The New Climate Economy, argues that the world can still act in time to stave off the worst effects of climate change, and enjoy the fruits of continued economic growth as long as the global economy can be transformed within the next 15 years…The report states that tackling climate change would add only a small amount – about $240bn – to the trillions of dollars of investment that will take place around the world in the next decade and a half, in order to accommodate a growing population!
The proposed economic transformation would improve the lives of billions, from people suffering from air pollution in crowded cities to farmers struggling with poor soils in developing countries. But achieving this change will require strong political action to set limits on carbon dioxide emissions, while promoting alternatives such as renewable energy, sustainable cities, teaching modern farming techniques and better-designed transport.
The report comes at a crucial moment in history, as the world is expected to add billions of people to the global population in the next two decades, and trillions of dollars in economic growth. The report warns that, if this huge rate of growth of developing cities is managed poorly, then a unique opportunity to change the pattern of prosperity will have been lost, and billions of people will be left the poorer as a result.
The report is welcome by no less than President Obama who tweeted that “This study concludes that no one has to choose between fighting climate change and growing the economy”.
That being said, this positive news requires strong engagement by leaders from the government, business, finance and civil society sectors.
Understanding this need for global commitment, the UN Secretary-General, Ban Ki-moon is convening heads of state and government from around the world to discuss climate change at next week’s Climate Summit on Tuesday September 23rd 2014.
The meeting is seen by the UN as essential to lay the ground for a crunch meeting in Paris in December next year, at which world governments will attempt to forge a new agreement that will cut global greenhouse gas emissions after 2020, when current pledges run out.
To raise awareness for this Summit, the Secretary-General will join a public march in New York this Sunday calling for action on climate change. His unusual step (given that high-ranking officials do not normally attend mass public protests) is a measure of how high the stakes will be at the Summit next week. Commenting on the reasons for his presence at the march, the Secretary-General stated ““I will link arms with those marching for climate action”…“We stand with them on the right side of this key issue for our common future.”
To find out more about the Climate Summit please click here.
To find out more about the People’s March on Climate please click here.
To find out more about the New Climate Economy report please click here.