Aggressively tackling global warming through better public transportation and increased energy efficiencies could increase global GDP by between $1.8 trillion and $2.6 trillion annually, a new report has found.
Released on Monday, the report by the World Bank and the ClimateWorks Foundation said tackling global warming now would also save as many as 94,000 lives a year from pollution-related diseases and reduce crop losses.
The report — Climate-Smart Development: Adding Up the Benefits of Actions that Help Build Prosperity, End Poverty and Combat Climate Change — shows the potential gains from scaling up pro-climate policies.
“The report’s findings show clearly that the right policy choices can deliver significant benefits to lives, jobs, crops, energy, and GDP — as well as emissions reductions to combat climate change,” World Bank President Jim Yong Kim said.
Written in advance of UN Secretary-General Ban Ki-moon’s Climate Summit in New York in September, the report looks at benefits that ambitious climate mitigation policies can generate across the transportation, industry and building sectors, as well as in waste and cooking fuels. It focuses on Brazil, China, India, Mexico, the United States and the European Union.