A new report is out this week examining the feasibility of the Paris Climate Agreement, with recommendations to policymakers as to how it might be accomplished and what effects its adoption would have on the world economy. The study concludes that, in a conservative case, the world could gain .8% GDP in 2050, or $19 trillion cumulatively between now and then. In a more optimistic scenario, the agreement could actually add 2% to global GDP by 2030. In fact, according to the report, “reducing the impact on human health and mitigating climate change would save between two- and six- times more than the costs of decarbonisation.”
The report was commissioned by the German government and released by the International Energy Agency (IEA) and International Renewable Energy Agency (IRENA).