Climate policies could lift global economic output by $2.6 trillion per year
Global economic output could rise by as much as an additional $2.6 trillion (£1.53 trillion) a year, or 2.2 percent, by 2030 if government policies improve energy efficiency, waste management and public transport, according to a World Bank report.
The report, produced with philanthropic group ClimateWorks Foundation, analysed the benefits of ambitious policies to cut emissions from transport, industrial and building sectors as well as from waste and cooking fuels in Brazil, China, India, Mexico, the United States and the European Union.
Climate policies could also avert at least 94,000 premature deaths a year from pollution-related diseases by 2030, improve crop productivity and prevent around 8.5 billion metric tons of greenhouse gases being emitted.
To speed up action on climate change, United Nations’ Secretary General Ban Ki-moon has invited heads of state, governments, businesses and civil society to a climate summit on September 23 in New York.
The summit is aiming to spur progress towards getting a deal by the end of 2015 which binds all nations to cut greenhouse gas emissions.