Environment

New Climate Economy Report: Greener cities could save €15 trillion worldwide

09/09/2015

New research from the New Climate Economy finds that investing in public and low emission transport, building efficiency, and waste management in cities could generate savings with a current value of US$17 trillion (€15 trillion) by 2050. These low-carbon investments could also reduce greenhouse gas emissions by 3.7 Gt CO2e per year by 2030, more than the current annual emissions of India.

The New Climate Economy is the flagship project of Global Commission on the Economy and Climate – a major international initiative to analyse and communicate the economic benefits and costs of acting on climate change. Chaired by former President of Mexico Felipe Calderón, the Commission comprises former heads of government and finance ministers and leaders in the fields of economics and business.