The Global Commission on the Economy and Climate has released a new report entitled Seizing the Global Opportunity: Partnerships for Better Growth and a Better Climate. The report presents a ten-point action plan for mitigating climate change. The authors assert that up to 96% of the gap between current emissions and what is needed to limit dangerous climate change could be achieved if the outlined recommendations are realized.
To begin with, the paper lists several key trends that are already having a significant positive impact on global emission levels. For instance, the decreasing costs of renewable energy technology and the current unpredictability of oil prices are helping the transition to a lower carbon economy. Furthermore, the private sector is playing a large role as companies continue to expand the market for low-carbon goods and services, already estimated at US$5.5 trillion.
The report’s ten recommendations cover some of the most crucial emitting sectors and highlight opportunities for large-scale improvement. One key theme is that of cooperation and partnerships. It emphasizes that collaboration between and across cities, other government entities, businesses, and investors is crucial to driving a continuous decrease in greenhouse gas emissions.
The ten recommendations also include the importance of halting deforestation and restoring degraded farmlands, increasing clean energy investments, and bringing down shipping and aviation industry emissions.
You can view the entire report here.