Going green could deliver a $26-trillion boost to the world’s economy, a new study shows
Oslo/London — Strong action to combat climate change could cumulatively add at least $26-trillion to the world economy by 2030, according to a newly released study that seeks to dispel fear that a shift from fossil fuels will undermine growth. US President Donald Trump, for instance, said last year that he will pull the US out of a global climate pact called the Paris Agreement because it would impose what he called "draconian financial and economic burdens" on his country. By contrast, the Global Commission on the Economy and Climate, which includes former heads of government, business leaders and economists, says there is "unprecedented momentum" towards greener growth that would boost jobs and countries’ economies. Bold climate action could deliver at least $26-trillion in net cumulative benefits from now until 2030 compared with business as usual, it said on Wednesday. "There’s still a perception that moving towards a low-carbon path would be costly," lead author Helen Mountford...
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