A major new report released by the Global Commission for the Economy and Climate finds that governments and businesses can now improve economic growth and reduce their carbon emissions together. Rapid technological innovation and new investment in infrastructure are making it possible today to tackle climate change at the same time as improving economic performance.
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The New Climate Economy project launched in Ethiopia on Thursday the 6th of March. Minister for the Environment Ato Belete Tefere and United Kingdom Ambassador to Ethiopia Greg Dorey were joined by New Climate Economy Programme Director Jeremy Oppenheim.
New report aims to galvanise action by economic and financial leaders in government and the private sector.
Editor’s note: The Report, “Unlocking the Inclusive Growth Story of the 21st Century” including graphics and other materials, is available at www.newclimateeconomy.report/2018
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.