The Global Commission on the Economy and Climate has released “Better Growth, Better Climate: The New Climate Economy Report“ in NYC, Beijing, Oslo and Addis Abeba. Chaired by former President of Mexico Felipe Calderón the Global Commission finds that governments and businesses can both improve economic growth and reduce their carbon emissions.
On this occasion, the European Climate Foundation hosted a press briefing with major German media at its own premises in Berlin. Caio Koch-Weser, Executive Chairman of the European Climate Foundation, Vice Chairman of Deutsche Bank and a member of the 24-member Global Commission presented the key messages of the report. ECF-CEO Johannes Meier elaborated on the opportunities to strengthen the competitiveness of European industry in the future.
Globally, 90 trillion U.S. dollars will be invested in new infrastructure projects in the 15 years to come. In Europe, investments will amount to a total of 16 trillion dollars. “With smart infrastructure investments, Europe has the opportunity to advance ambitious climate targets and stimulate economic growth”, Caio Koch-Weser said. According to the report, ambitious climate policy has the potential to significantly strengthen economic growth within the next 5 to 15 years. “The alleged conflict between economic growth, energy security and climate change turns out to be a myth as all three objectives can be realised. Providing the basis for investments and innovations a reliable political framework is key for sustainable growth and climate protection”, Koch-Weser highlighted.
Download the synthesis report here.