Here’s The Most Lucrative Way to Fight Climate Change
- 2015-07-07
- Time
Economists, politicians and scientists have long debated how (and whether) climate change can be addressed without slowing the world economy. Now, a group of key business, finance and government leaders say they’ve identified a set of opportunities that are good for business and help the fight against climate change.
In a new report released by the Global Commission on the Economy and the Climate, leaders call for at least $1 trillion in annual investment in clean energy, a tripling of funding for research and development of low-carbon technology and development of “climate-smart” infrastructure, among other initiatives. In total, the recommendations could account for 96% of the necessary reductions in carbon emissions to stem “dangerous climate change,” the report says.
“Sustained growth and climate action must be achieved together,” said former Mexico President Felipe Calderón, a report signatory, on a conference call for journalists. “We as a global community need to come together and do more.”