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Study says climate protection helps economies

Sep 16, 2014, 1:40 PM EDT
An eagle is seen flying inside a tropical rainforest at Kerumutan protected tropical rainforest, which is the Sumatran tiger habitat in Pelalawan district on July 12, 2014 in Riau province, Sumatra, Indonesia.
Ulet Ifansasti/Getty Images

A new report from international experts says that investing in preventing climate change will actually benefit global economies, rather than injure them as previously thought.

Reuters describes some of the research that went in to the report:

The study, by former heads of government, business leaders, economists and other experts, said the next 15 years were critical for a bigger shift to clean energies from fossil fuels to combat global warming and cut health bills from pollution.
 
"It is possible to tackle climate change and it is possible to have economic growth at the same time," Felipe Calderon, a former Mexican president and head of the Global Commission on the Economy and Climate, told a news conference.
 
Many governments and businesses wrongly fear that measures to slow climate change will undermine jobs and growth, he said. The report is meant to guide world leaders at a Sept. 23 climate summit hosted by U.N. Secretary-General Ban Ki-moon.
 
 
It says the costs of tackling climate change has fallen as new technologies have matured.
 
The prices of wind and particularly solar power have plunged whilst pollution from fossil fuels now reduces global economic output by 4%. This has changed the economics of climate change, the commission claims.
 
Its 300-page document says new technologies can help the billion people living in rural areas who are unconnected to electricity grids.

 

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