$19 Trillion Benefit In Global Climate Fight

Paris climate deal could make the world $19 trillion richer; Investing heavily in renewable power and energy efficiency, in accordance with the Paris climate deal, will increase the global economy around 0.8% by 2050, says IEA

Jessica Shankleman and Joel Ryan, March 20, 2017 (Live Mint)

“Stopping global warming won’t just keep the planet habitable. It would also boost the global economy by $19 trillion…[because investing] in renewable power and energy efficiency to keeping warming below 2 degrees Celsius (3.6 Fahrenheit), in accordance with the landmark Paris Agreement, will increase the global economy around 0.8% by 2050, [according to an International Renewable Energy Agency/International Energy Agency report. The study] forecasts that 65% of electricity will be generated from clean power by 2050, up from around 15% in 2015…[and] energy intensity improvements will double…[The profit would come from] $145 trillion of investment in low-carbon technologies by the middle of the century…[that would] force fossil fuel companies to leave $10 trillion of coal, oil and gas [in the ground]…” click here for more

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