The world can save both financial and environmental costs by shifting toward a low-carbon economy over the next 15 years, a high-level panel said Tuesday ahead of a UN summit. Co-chaired by former Mexican president Felipe Calderon, the commission called for greater global action on renewable power, deforestation and clean technologies as part of the fight against climate change.

“We can invest that amount of money in the current high-carbon emission path or we can do that in a different way. So the next 15 years of decisions and the next 15 years of investment will determine the future of the world, among other things, in the climate system,” said Calderon.

UN chief Ban Ki-moon has called the climate summit for September 23 in hopes of building momentum before a conference next year in Paris aimed at sealing a new global treaty on climate change.

The report — also written by British economist Nicholas Stern, the author of a major 2006 study on climate change — called for a phase-out of fossil fuel subsidies, which are politically sensitive in many countries. “We are using too many of the planet’s resources too profligately, and part of the reason is that our economies are geared not to value resources properly,” states the report.

About 80% of the world’s economic output comes from cities, but they also account for 70% of energy use and associated emissions. At least 1bn people are expected to swell the population of developing world cities in the next 15 years, but if that growth is unstructured and unplanned it will incur economic, social and environmental costs – a lower quality of life for city residents, and problems for the future in global warming.

This does not need to be the case, as cities can be planned on sustainable lines with better quality of life, mass public transport, green spaces and better amenities – all of which will also enhance economic growth. Development on these lines could reduce the capital requirements for urban infrastructure by more than $3trn (£1.85bn) over the next 15 years, the report found.

The report recommends setting a price on carbon, committing to an end of deforestation globally by 2030 with appropriate support for forested nations, the restoration of at least 500m hectares of lost or degraded forests by the same date, and a ban on new unabated coal-fired power plants in developed countries immediately, and in rapidly developing countries (middle income countries) by 2025.

4 Responses

  1. mememine

    To a to a cowardly fear mongering “believer”, 32 years of “could be” from lab coat consultants is good enough to condemn billions of innocent children to a CO2 global climate crisis, only as an excuse to hissy fit hate neocons. Who’s the neocon?
    Show us one scientist that is willing to say that the scientific method prevents them from agreeing that their own “threat to the planet” is;”100% proven” and nothing beyond their laughable 32 years of “99.9%” uncertainty.

    Oil does not feed denial, you exaggerating believers and science never saying “100% certain” feeds all denial.

    Reply
    • CB

      Cowardly!?

      You mean like running from a question over and over again, cowardly?

      Hmmmm…

      If we haven’t set the world on a course toward total polar meltdown, 75 meters of sea level rise, the drowning of the homes of billions of people, and untold climate chaos just with the CO₂ we’ve already emitted, why isn’t there a single previous example in Earth’s history of polar ice caps withstanding CO₂ so high?

      Reply
  2. Ahead of UN Climate Summit, Environmental Report Sees Economic Opportunities – National Geographic | CareerEco

    […] warming.Shift to Low-Carbon Systems to Save Future Financial, Environmental Costs …RIA NovostiStudy suggests 15 year plan for low-carbon economy to cut financial and …The Westside StoryPresident Obama has a huge gas problemAl Jazeera AmericaHuffington Postall 101 […]

    Reply
  3. Ahead of UN Climate Summit, Environmental Report Sees Economic Opportunities – National Geographic | CareerEco

    […] warming.Shift to Low-Carbon Systems to Save Future Financial, Environmental Costs …RIA NovostiStudy suggests 15 year plan for low-carbon economy to cut financial and …The Westside StoryPresident Obama has a huge gas problemAl Jazeera AmericaHuffington Postall 95 news […]

    Reply

Leave a Reply

Your email address will not be published.