A new report published by the Global Commission on the Economy and Climate, an organization aimed at helping the world’s societies to combat the effects of climate change, suggests that the costs of combating climate change are considerably lower than widespread opinion has suggested. The report suggests that implementing the fixes necessary to transition to entirely sustainable sources of energy would amount to USD 4 trillion over the next 15 years. This total is a mere 5% increase of the amount that is estimated to be spent on new power plants, transit systems, and other infrastructure over the same period. While economically feasible, the reports recommended changes are expected to face a tough political reception.

The report urges countries to cease subsidies for fossil fuels and transition to renewable sources of energy alongside the adoption of a wide variety of initiatives to encourage, for instance, more efficient land use and combatting forest fires. The report’s suggested actions require long years of hard work and an optimistic vision of the future, but its authors argue that these practices already have real world proof in major metropolitan centers all over the world.

Read more about the Global Commission on the Economy and Climate and the Better Growth, Better Climate report at their website.

 

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