Source: Energy Live News
Investing in low carbon cities could help save up to $22 trillion (£14.08tn) by 2050.
That’s according to new research by the Global Commission on the Economy and Climate which comprises former heads of government, finance ministers and leaders in the fields of economics and business.
It found investing in low carbon emission transport, building efficiency and waste management could generate savings up to $17 trillion (£10.88tn).
The savings would increase if the measures are complemented with national policies such as support for low carbon innovation, reduced fossil fuel subsidies and carbon pricing.
The report added low carbon investments could also reduce greenhouse gas emissions by 3.7 gigatonnes per year by 2030.