Measuring the Benefits of Climate Change Prevention in Economics – The World Bank
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“By 2030, the benefits of these three sets of sector policies would include 94,000 premature deaths avoided annually and GDP growth of $1.8 trillion-$2.6 trillion per year. The policies would avoid 8.5 gigatons of CO2-equivalent and almost 16 billion kilowatt-hours of energy saved, roughly equivalent to taking 2 billion cars off the road. Together, these implementing these policies could represent about 30 percent of the total reduction needed in 2030 to limit global warming to 2 degrees Celsius.
The four simulated project case studies analyzed local development interventions scaled up to a national level in one country.
For example, in the Brazil landfill scenario, the report uses results from existing World Bank-supported projects in Brazil that are implementing a variety of integrated solid waste management options, including biodigesters, composting, and landfill technology that captures methane to produce electricity. If the same technologies were scaled up nationwide, over 20 years, the study estimates the changes could create more than 44,000 jobs, increase GDP by more than $13 billion, and reduce emissions by 158 million tons of CO2-equivalent.”
Article summarizing report published by the World Bank analyzing the impact of measures to combat climate change in terms of GDP, jobs, and economic growth.
- New Study Adds Up the Benefits of Climate-Smart Development in Lives, Jobs, and GDP
- World Bank Group
- June 23, 2014
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