Greener Growth Could Add $26 Trillion To World Economy By 2030: Study

OSLO/LONDON (Reuters) – Strong action to combat climate change could cumulatively add at least $26 trillion to the world economy by 2030, according to a study on Wednesday which seeks to dispel fears that a shift from fossil fuels will undermine growth. President Donald Trump, for instance, said last year that he will pull the United States 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, said there was “unprecedented momentum” toward 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.
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