Limiting climate change could have huge economic benefits, study finds

Limiting climate change could have huge economic benefits, study finds

Major economies would boost their prosperity, employment levels and health prospects if they took actions that limited global warming to 2c, according to the first analysis of emissions pledges made before the UN climate summit in Paris later this year.

Europe has promised a 40% emissions cut by 2030, compared to 1990 levels – and the report says this will bring real benefits, including 70,000 full-time jobs, the prevention of around 6,000 pollution-related deaths, and a €33bn cut in fossil fuel imports.

But if emissions were slashed by around 55% – the study’s proposed route for holding global warming to two degrees – those benefits would multiply to $173bn fuel savings, 420,000 full-time clean energy jobs and 46,000 lives saved, its authors say.

31 March is the deadline for developed countries to submit their climate pledges for the conference (so called Intended Nationally Determined Contributions, INDCs), but few have yet done so and nations such as Canada and Japan are expected to miss the bell.

“This report adds to the growing body of evidence that greater climate ambition means better health,” said Anne Stauffer, the deputy director of the Health and Environment Alliance.

Source: The Guardian

Date: March 2015

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