Growth in the New Climate Economy

Growth in the New Climate Economy / Michael Spence, Project Syndicate, 31/10/2014

http://www.project-syndicate.org/commentary/climate-change-mitigation-and-economic-performance-by-michael-spence-2014-10

Action to reduce carbon-dioxide emissions and mitigate climate change has long been viewed as fundamentally opposed to economic growth. Indeed, the fragility of the global economic recovery is often cited as a justification to delay such action. But a recent report, “The New Climate Economy: Better Growth, Better Climate” released by the Global Commission on the Economy and Climate, refutes this reasoning. Far from being a detriment to economic growth, the report concludes that efforts to combat climate change could boost growth considerably – and relatively soon…

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