Paris Accord Could Make the World $19 Trillion Richer
Efforts to slow climate change won’t just keep the planet habitable. They will also boost the world economy by $19 trillion. Investments in renewable power and energy efficiency will add about 0.8 percent to global gross domestic product by 2050, the International Renewable Energy Agency, or Irena, said Monday in a report produced for the German government. Governments are committing resources to green energy in a bid to keep warming within 2 degrees Celsius (3.6 Fahrenheit), of pre-industrial conditions, in accordance with the landmark Paris Agreement on global warming.