New global commission seeking economic prosperity and a safe climate
A new global commission has been launched that will analyse the economic costs and benefits of acting on climate change. The Global Commission on the Economy and Climate comprises leaders from government, finance and business from 14 countries, including Colombia, Ethiopia, Indonesia, Korea, Norway, Sweden and the UK. The Commission is launching the New Climate Economy project, bringing together some of the world’s foremost economic experts to examine how stronger economic performance can be supported by good climate policy. The project aims to contribute to the global debate about economic policy, and to inform government, business and investment decisions.
‘Climate impacts are rising and the evidence of warming is increasingly clear, but most economic analysis still does not properly factor in the increasing risks of climate change or the potential benefits of acting on it,’ said Commission Chair and former President of Mexico Felipe Calderón. ‘We need urgently to identify how we can achieve economic growth and job creation while also reducing emissions and tackling climate change.’
A partnership of research institutes from five continents – the Climate Policy Initiative, Ethiopian Development Research Institute, Global Green Growth Institute, Indian Council for Research on International Economic Relations, Stockholm Environment Institute, Tsinghua University, and World Resources Institute – will carry out the analysis.
The project will engage directly with key decision makers in finance ministries and with major businesses and investors, including leading economic organisations such as the World Bank and International Monetary Fund. It will also invite contributions from a wide variety of academic, business and other institutions.
The New Climate Economy project will publish its analysis in September 2014, a year before the culmination of negotiations for a new international climate agreement in Paris in 2015.
News Item details
Journal title: Petroleum Review
Region: North America
Keywords: Company mergers / strategic alliances
Countries: USA -
Subjects: Carbon emissions
