The green transition could spur huge economic gains as the world looks to curb climate change, a new report finds. A study from Oxford Economics and Arup estimated that green industries could add $10.3 trillion to the world’s economy — or 5.2% of global GDP — by 2050 under a net-zero scenario. The report made the case that governments and businesses, under increasing pressure from costly climate-related weather events, may begin to see a rapid transition away from fossil fuels as a net… Source link
Read More »India pledges net-zero by 2070 but remains mum on coal
GLASGOW — The world’s two largest coal producers cast a big shadow on Day 2 of the United Nations Climate Change Conference (COP26) as stated commitments from India and China fell well below that of climate action needed to keep global warming in line with the Paris Agreement. Speaking at the World Leaders Summit in Glasgow, Indian Prime Minister Narendra Modi announced plans to reach carbon neutrality by 2070 — a significant promise for one of the last remaining holdouts to set… Source link
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