Assessing the macroeconomic benefits of addressing global warming

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Energy in Demand - Sustainable Energy - Rod Janssen

Arthur Neslen writes in The Guardian that, according to new analysis, stopping global warming at two degrees would create nearly half a million jobs in Europe and save over a million lives in China.

Limiting climate change could have huge economic benefits, study finds

Major economies would boost their prosperity, employment levels and health prospects if they took actions that limited global warming to 2c, according to the first analysis of emissions pledges made before the UN climate summit in Paris later this year.

Europe has promised a 40% emissions cut by 2030, compared to 1990 levels – and the report says this will bring real benefits, including 70,000 full-time jobs, the prevention of around 6,000 pollution-related deaths, and a €33bn cut in fossil fuel imports.

But if emissions were slashed by around 55% – the study’s proposed route for holding global warming to two degrees – those benefits would…

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