Tackling climate change would grow global economy, World Bank says


Findings put to rest claims that the world could not afford to act on climate change

From The Guardian: JUNE 24, 2014

by Suzanne Goldenberg

Fighting climate change would help grow the world economy, according to the World Bank, adding up to $2.6tn (£1.5tn) a year to global GDP in the coming decades.

The findings, made available in a report on Tuesday, offer a sharp contrast with claims by the Australian government that fighting climate change would “clobber” the economy.

The report also advances on the work of economists who have argued that it will be far more costly in the long run to delay action on climate change. read more>


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