The report published on Tuesday by the Global Commission on the Economy and Climate claims that $90 trillion will be invested globally in infrastructure, agriculture and energy systems, providing an opportunity to “drive investment in low-carbon growth”.
“The decisions we make now will determine the future of our economy and our climate,” said Lord Nicholas Stern, co-chair of the Global Commission.
“If we choose low-carbon investment we can generate strong, high-quality growth – not just in the future, but now,” Stern added.
Co-chair of the commission, and former President of Mexico, Felipe Calderón added: “Today’s report details compelling evidence on how technological change is driving new opportunities to improve growth, create jobs, boost company profits and spur economic development”.
The report warned that that competitive markets and consistent government policy signals are essential for businesses and investors to create low-carbon jobs and growth.
“By establishing a strong carbon price and a level playing field through an international climate agreement, governments can unlock new investment and innovation,” the report urged.