According to the World Bank, Preventing Climate Change Would Help the Economy

Credit: Collection of Dr. Pablo Clemente-Colon, Chief Scientist National Ice Center.

Credit: Collection of Dr. Pablo Clemente-Colon, Chief Scientist National Ice Center.

Yes, you read that right. Implementing preventative measures and tackling the climate change before it gets worse would actually save us money and boost the economy. Well, according to the World Bank, who seem to be pro-climate change when dollar signs are in the mix.

Fighting climate change would help grow the world economy, according to the World Bank, adding up to $2.6tn (£1.5tn) a year to global GDP in the coming decades.

The findings, made available in a report on Tuesday, offer a sharp contrast with claims by the Australian government that fighting climate change would “clobber” the economy.

The report also advances on the work of economists who have argued that it will be far more costly in the long run to delay action on climate change.

Instead, Tuesday’s report found a number of key policies – none of which included putting an economy-wide price on carbon – would lead to global GDP gains of between $1.8tn and $2.6tn a year by 2030, in terms of new jobs, increased crop productivity and public health benefits.

The pro-climate regulations and tax incentives would also on their own deliver nearly a third of the reductions in greenhouse gas emissions needed to keep warming below the 2C threshold for dangerous climate change, the bank said.

The World Bank president, Jim Yong Kim, said the findings put to rest claims that the world could not afford to act on climate change.

You can read the rest of the article here.

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  • erte4wt4etrg

    Depose the priest class before its too late, their demon god ‘Economy’ is insatiable!

  • Rhoid Rager

    Get real: economic growth is code for bankers getting paid.

  • Craig Bickford

    Phew, I thought we were going to be seeing some serious population problems with a death rate of 94,00 people yearly, which is about 8% of the global death rate for drunk driving deaths alone, so that’s legit I guess.

  • Craig Bickford

    I think we could save as many people and boost the economy by way of creating a market for honey badger husbandry if we decided to eradicate venomous snakes world wide. Give or take 10,000 people the death rates are about the same on a bad year.

  • BuzzCoastin

    so plugging the dike with the Dutch boy’s lil finger
    would be economically beneficial
    thanks for the tip

  • Mr B

    ‘Implementing preventative measures and tackling the climate change before it gets worse would actually save us money and boost the economy’

    Am I The Chancellor of the Exchequer?
    What do I care for the national/global economy’s vicissitudes?

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