The Global Commission on the Economy and Climate is a major international initiative to examine how countries can achieve economic growth while dealing with the risks posed by climate change. The Commission comprises former heads of government and finance ministers and leaders in the fields of economics and business, and was commissioned by seven countries – Colombia, Ethiopia, Indonesia, Norway, South Korea, Sweden and the United Kingdom – as an independent initiative to report to the international community.
The New Climate Economy (NCE) is the Commission’s flagship project. It provides independent and authoritative evidence on the relationship between actions which can strengthen economic performance and those which reduce the risk of dangerous climate change.
NCE released its initial report in September 2014, Better Growth, Better Climate: The New Climate Economy Report. An Advisory Panel of world-leading economists, chaired by Lord Nicholas Stern carried out an expert review of the work. In July 2015 we released Seizing the Global Opportunity: Partnerships for Better Growth and a Better Climate, which focused on how international and multi-stakeholder cooperation can catalyse sustainable economic growth while reducing emissions. In October 2016, we released The Sustainable Infrastructure Imperative: Financing for Better Growth and Development, which identifies the barriers to financing sustainable infrastructure and suggests measures to overcome them. In September 2018, we released our latest report, Unlocking the Inclusive Growth Story of the 21st Century: Acceleratinng Climate Action in Urgent Times, which highlights the economic benefits of climate action across five sectors of the economy.
The project continues to launch country- and sector-specific research:
- Sectors: The Coalition for Urban Transitions helps national decision makers unlock the power of cities for enhanced national economic, social, and environmental performance, including reducing the risk of climate change. The Food and Land Use Coalition is catalyzing a transition to a food and land-use system that advances inclusive economic development, improves human health and well-being, and sustains the environment. NCE is also involved in efforts around the International Financing Agenda to support a step-change in sustainable investment by raising ambition and driving financing at scale. The energy sector agenda is carried forward by the work of the related Energy Transitions Commission.
- Countries: We are working to translate the NCE narrative into practical implementation guidance in specific countries. Current country priorities include Colombia, Ethiopia, and Indonesia.
The NCE project is undertaken by a global partnership of research institutes and a core team led by Programme Director Helen Mountford. We are working with a number of other institutions in various aspects of the research programme, including the World Bank and regional development banks, the International Monetary Fund, International Energy Agency, Organisation for Economic Co-operation and Development, United Nations agencies and a variety of other research institutes around the world.