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Paris Accord Could Make the World $19 Trillion Richer

Business  (tags: money, climate-change, CO2emissions, conservation, environment, world, politics, economy, energy, SustainableDevelopment, business, society, world )

- 365 days ago -
Efforts to slow climate change won't just keep the planet habitable. They will also boost the world economy by $19 trillion.

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Michael O (176)
Tuesday March 21, 2017, 2:09 pm
By Jess Shankleman and Joe Ryan, Bloomberg

Investments in renewable power and energy efficiency will add about 0.8 percent to global gross domestic product by 2050, the International Renewable Energy Agency, or Irena, said Monday in a report produced for the German government. Governments are committing resources to green energy in a bid to keep warming within 2 degrees Celsius (3.6 Fahrenheit), of pre-industrial conditions, in accordance with the landmark Paris Agreement on global warming.

Germany commissioned the report in preparation for energy and climate talks among the Group of 20 economies over the coming months. Those discussions begin this week as host Germany presents a plan for supporting the Paris accord to officials at the G-20 Sustainability Working Group.

Irena, which produced the study along with the International Energy Agency, said the share of renewable energy needs to increase to 65 percent of the primary energy supply in 2050, from about 15 percent in 2015.

That sweeping transformation of the energy sector could also force fossil fuel companies to leave $10 trillion of coal, oil, gas and other assets stranded underground and elsewhere, according to Abu Dhabi-based Irena. That’s higher than the $320 billion forecast under the IEA’s scenario.

The investment in renewables and energy efficiency, however, would more than offset these losses and create about 6 million jobs, Irena found.

Victoria P (113)
Tuesday March 21, 2017, 2:41 pm
Thank-you Michael ~♥~

Freya H (356)
Tuesday March 21, 2017, 2:43 pm
Hey, fat cats! Does this get you going Pavlov?

Lone F (67)
Tuesday March 21, 2017, 2:52 pm
Noted - thanks for sharing Michael

David C (150)
Tuesday March 21, 2017, 3:11 pm
and a whole lot safer and healthier, too

Animae C (514)
Tuesday March 21, 2017, 3:16 pm
Thanx Michael

John B (185)
Wednesday March 22, 2017, 4:22 pm
Thanks Micheal for the link to the article by Jess Shankleman and Joe Ryan, along with the informative video interview with the Paris Mayor Anne Hidalgo. Noted.

Ruth R (246)
Thursday March 23, 2017, 12:42 am
Thank You! Amazing and seems good!

Lindsay Kemp (6)
Thursday March 23, 2017, 7:20 am
Noted. I would suggest that a lot of money could well be saved in terms of health care that doesn't need to be provided because fewer people will have asthma and other lung and breathing problems and diseases!

Janet B (0)
Thursday March 23, 2017, 1:41 pm

Colleen L (3)
Thursday March 23, 2017, 10:08 pm
Good for them. Wish we could say the same for the U.S. But with Trump he will destroy it instead. Thanks Michael
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