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Better Growth, Better Climate: The New Climate Economy Synthesis Report

Better Growth, Better Climate: The New Climate Economy Synthesis Report

Thomopoulos, Nikolas (2014) Better Growth, Better Climate: The New Climate Economy Synthesis Report. Project Report. The New Climate Economy, Washington DC, USA.

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Abstract

All over the world, people want to achieve better lives for themselves and for their children. Governments want to secure economic growth, improve living standards, create jobs and reduce poverty. Businesses want to expand and become more profitable.

Today we also know that the world must deal with the challenge of climate change.

Can these aspirations all be met at the same time? Is it possible to tackle long-term climate change while also, now, promoting economic growth and development? Or must we choose between our future security and our current living standards?

It was to provide an objective, independent examination of these questions that the Global Commission on the Economy and Climate was established in 2013 by a group of seven countries.

Our report is addressed to economic decision-makers across the world in both public and private sectors. Its core conclusion is that, by shaping the major processes of structural and technological change now occurring in the global economy, we can create lasting economic growth while also tackling the immense risks of climate change.

We are extremely grateful to the governments of Colombia, Ethiopia, Indonesia, the Republic of Korea, Norway, Sweden and the United Kingdom for their vision and support. They have given us freedom in conducting our work, and the findings and recommendations in this report are entirely independent of them.

The Commission is made up of 24 former heads of government and finance ministers, and leaders of businesses, cities, international organisations, and research institutions. Their wealth of experience gives confidence that our research has been grounded in reality, and that the recommendations of this report can be implemented. The Commission has been advised by a panel of 15 distinguished economists, all of them world leaders in their respective economic disciplines. Their diverse perspectives on the economics of growth, development and structural transformation, public policy, risk and economic history have guided the project’s intellectual approach.

The research programme has been conducted by a dedicated team, supported by a partnership of economic and policy research institutions from five continents. The work has drawn on extensive engagement with economic decision-makers in governments, states, cities, communities, companies, trade unions, international organisations and financial institutions throughout the world. Over 100 organisations have actively contributed to the work of the Commission through research papers, data, team members, feedback, advice and support. This report therefore reflects the insights and experience of many institutions and experts. We are grateful to all of them.

The issues dealt with in this report could not be more important. Almost every country today faces difficult economic problems. Climate change confronts the world as a whole with an unprecedented challenge. The 10-point Global Action Plan we propose in this report can help catalyse action to achieve both better growth and a better climate. It proposes practical measures which can be taken not just by national governments, but by cities and regional authorities, businesses, communities and international organisations. The Commission and the New Climate Economy project remain committed to engaging further with all those interested in these issues.

The need is urgent, for decisions made today and over the next few years will determine the future course of both economic growth and climate change. World leaders will come together in 2015 to decide on new goals for sustainable development and to achieve a new climate agreement. At home they will continue to make vital economic decisions. As they do so, we hope they will consider seriously the research and recommendations presented in this report.

Item Type: Monograph (Project Report)
Additional Information: [1] ISBN: 978-0990684503 [2] Dr Thomopoulos was one member of a global project team involved in the creation of this report.
Uncontrolled Keywords: new climate economy
Subjects: G Geography. Anthropology. Recreation > GE Environmental Sciences
H Social Sciences > HB Economic Theory
Faculty / Department / Research Group: Faculty of Business > Department of Systems Management & Strategy
Last Modified: 28 Apr 2017 18:18
Selected for GREAT 2016: GREAT b
Selected for GREAT 2017: GREAT c
Selected for GREAT 2018: None
Selected for GREAT 2019: None
URI: http://gala.gre.ac.uk/id/eprint/15474

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