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Prepared by Cambridge Econometrics (CE) with feedback from the New Climate Economy (NCE) team, this draft note summarises methodological aspects, modelled scenarios and macroeconomic results to provide empirical inputs to the NCE 2018 Global Commission Report. The aim of the modelling exercise was to illustrate examples of policies that can simultaneously promote economic growth and reduce the risks of climate change.  


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China can achieve economic development, energy security and reduce pollution at the same time, according to a major study conducted by Tsinghua University in collaboration with the Global Commission. The report explains how China can face its development and climate challenges while maintaining growth of up to 7-8% in the near-term and 5% by 2030.

New research from the New Climate Economy shows that raising energy efficiency standards in the G20 and around the world could reduce greenhouse gas emissions by up to 6.9 Gt CO2e per year by 2030, more than the current annual emissions of the United States. These emissions reductions would be accompanied by economic savings in appliances, buildings, industry, and transport.

This paper is a background review representing part of the initial phase of the Financing the Urban Transition work programme. The review builds on a growing body of research that highlights both the importance of national sustainable infrastructure and the need to develop more effective and efficient financing mechanisms for delivering compact, connected cities that meet the UN’s Sustainable Development Goals. While progress has been made in both these areas over the last five years, there remains a policy gap between the international/national level and the municipal level.

Five new studies provide real-world examples of how to achieve better patterns of urbanisation and highlight how cities can grow their economies while reducing greenhouse gas emissions. According to Graham Floater, director of cities research for the Global Commission, "a new breed of cities is emerging with compact, connected development – innovative cities that are more productive, attractive and low carbon."

London/Washington, DC, May 8, 2015: Historically unpredictable and changing oil prices are hurting the economy, but today’s cheap oil offers a unique opportunity to reduce our fossil fuel addiction and invest in more sustainable and predictable renewable energy sources – says a new report by Lord Nicholas Stern and colleagues in the New Climate Economy project.