Climate action could add $26 trillion to the global economy by 2030

GLOBAL STUDY  A $26-trillion opportunity

Climate action could add $26 trillion to the global economy by 2030, finds astudy released last week. For those of you who don't do well with incomprehensibly large numbers, the entire GDP of Canada is about $1.7 trillion.

That $26 trillion is a net benefit compared against business as usual. The report also estimated that climate action could bring about 65 million new jobs (that's almost two Canadas) while avoiding 700,000 premature deaths from air pollution—which, well, some things you can't put a price on.

But carbon isn't one of them. The study says major economies like ours should have carbon prices of $40 to $80 a tonne by 2020. “There’s still a perception that moving toward a low-carbon path would be costly,” lead author Helen Mountford told Reuters. “What we are trying to do with this report is once and for all put the nails in the coffin on that idea.”

Clean growth is more than a goal—it's a reality

Just as social media upended communications, the transition to clean energy is rapidly undoing century-old expectations around electricity, transportation and oil—and it’s happening faster than most Canadians realize. Read our latest op-ed for Policy magazine.

 

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