5 ways a climate deal would benefit the economy

The author contends that a strong climate deal in Paris is an economic imperative that can prevent devastating growth losses and create new opportunities. The document identifies five key areas for economic benefit: stimulating renewable energy innovation, protecting forests to safeguard ecosystem values, increasing agricultural efficiency to ensure food security, accelerating low-carbon urban development, and establishing long-term investment goals for a net-zero economy by 2050.

• Failure to act on climate change threatens global economic growth and development, with some estimates indicating the world has already spent $2.7 trillion more on natural disasters than usual over the last decade.
• Investing in existing energy efficiency measures could increase cumulative economic output by $18 trillion by 2035, while the U.S. solar industry is currently creating jobs twenty times faster than the general economy.
• Forests provide livelihoods for 1.6 billion people and can absorb approximately 10% of projected global carbon emissions for the first half of the century if deforestation is stopped and conservation is maintained.
• Rapid urbanization presents a business opportunity, as approximately $90 trillion is expected to be invested in urbanization over the next 15 years, which could be used to build low-carbon, resilient cities.
• To limit global warming to 2 degrees Celsius, businesses and governments must commit to a long-term goal of net zero emissions by 2050 to mobilize necessary economic and human resources.

APA

Polman, P. (2015). 5 ways a climate deal would benefit the economy. World Economic Forum. https://www.weforum.org/stories/climate-action/5-ways-a-climate-deal-would-benefit-the-economy/

Chicago

Polman, Paul. 5 ways a climate deal would benefit the economy. World Economic Forum, 2015. https://www.weforum.org/stories/climate-action/5-ways-a-climate-deal-would-benefit-the-economy/.

Wikipedia

{{cite press release |last1=Polman |first1=Paul |title=5 ways a climate deal would benefit the economy |publisher=World Economic Forum |date=30 November 2015 |url=https://www.weforum.org/stories/climate-action/5-ways-a-climate-deal-would-benefit-the-economy/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{polman2015ways, author = {Polman, Paul}, title = {{5 ways a climate deal would benefit the economy}}, publisher = {World Economic Forum}, year = {2015}, month = nov, url = {https://www.weforum.org/stories/climate-action/5-ways-a-climate-deal-would-benefit-the-economy/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }