A paper published by two research institutes at the London School of Economics substantiates the case that tackling climate change has benefits in terms of both cost savings and health advances for any given country. In fact, as Katie Allen explains in the Guardian article below, economic progress is often tied to health improvements. Gains that result from cutting carbon emissions come in the form of increased energy efficiency, a cost-saving measure, in addition to bolstered energy security and improved air quality, among other benefits. “The findings of this research suggest that the traditional assumption that action on climate change is net-costly is false. Those who think there is an incentive for countries to ‘free-ride’ on the climate protection provided by others are very much mistaken,” says Fergus Green, an author of the paper. Climate for Health's leaders know first-hand that quality public health enriches society in more ways than one.
By Katie Allen I July 12, 2015
The economic benefits for a country from tackling climate change easily outweigh the costs, according to a study that seeks to highlight the incentives for individual nations to take urgent action to cut emissions.
Countries stand to gain more than they would lose in economic terms from almost all of the actions needed to meet an agreed global warming limit of no more than 2C above pre-industrial levels, according to the paper published by two research institutes at the London School of Economics.
It is the latest research to underscore the apparent economic gains from limiting emissions, which include new jobs and improved health, even before the benefits of preventing dangerous climate change are taken into account.
“The majority of the global emissions reductions needed to decarbonise the global economy can be achieved in ways that are nationally net-beneficial to countries, even leaving aside the ‘climate benefits’,” says Fergus Green in his paper for the Grantham Research Institute on Climate Change and the Environment and ESRC Centre for Climate Change Economics and Policy at the LSE.
He cites improved air quality, increased energy efficiency and better energy security among the potential benefits to individual countries that more than justify the costs of cutting carbon emissions.
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