Slowing Climate Change Makes Economic Sense; Cities to Lead-Study
By Alister Doyle and William Schomberg
OSLO/LONDON (Reuters) - Investments to help fight climate change can also spur economic growth, rather than slow it as widely feared, but time is running short for a trillion-dollar shift to transform cities and energy use, an international report said on Tuesday.
The study, by former heads of government, business leaders, economists and other experts, said the next 15 years were critical for a bigger shift to clean energies from fossil fuels to combat global warming and cut health bills from pollution.
“It is possible to tackle climate change and it is possible to have economic growth at the same time,” Felipe Calderon, a former Mexican president and head of the Global Commission on the Economy and Climate, told a news conference.
Many governments and businesses wrongly fear that measures to slow climate change will undermine jobs and growth, he said. The report is meant to guide world leaders at a Sept. 23 climate summit hosted by U.N. Secretary-General Ban Ki-moon.