Averting catastrophe is eminently affordable
United Nations analysis and report concludes global roll-out of clean energy
would shave only a tiny fraction off economic growth
Catastrophic climate change can be averted without sacrificing living standards according to a United Nations report, which concludes that the transformation required to a world of clean energy is eminently affordable.
“It doesn’t cost the world to save the planet,” said economist Professor Ottmar Edenhofer, who led the Intergovernmental Panel on Climate Change team.
The cheapest and least risky route to dealing with global warming is to abandon all dirty fossil fuels in coming decades, the report found. Gas – including that from the global fracking boom – could be important during the transition, Edenhofer said, but only if it replaced coal burning.
The authoritative report, produced by 1,250 international experts and approved by 194 governments, dismisses fears that slashing carbon emissions would wreck the world economy. It is the final part of a trilogy that has already shown that climate change is “unequivocally” caused by humans and that, unchecked, it poses a grave threat to people and could lead to wars and mass migration.