New York, Sep 5 : A report released by the Global Commission on the Economy and Climate on Wednesday found that the countries are significantly under-estimating the benefits of a cleaner, climate-smart growth.
Bold climate action could deliver at least $26 trillion in economic benefits through to 2030, compared with business-as-usual.
The report finds that over the last decade there has been tremendous technological and market progress driving the shift to a new climate economy.
There are real benefits to be seen in terms of new jobs, economic savings, competitiveness and market opportunities, and improved well-being for people worldwide.
Momentum is building behind this shift by a wide range of cities, governments, businesses, investors and others around the world, but it is not yet fast enough.
"We are at a unique 'use it or lose it' moment," Ngozi Okonjo-Iweala, former Finance Minister of Nigeria and Co-Chair of the Global Commission, said in a statement.
"Policy makers should take their feet off the brakes, send a clear signal that the new growth story is here and that it comes with exciting economic and market opportunities. $26 trillion and a more sustainable planet are on offer, if we act decisively now."
The report arrives just a week ahead of the Global Climate Action Summit (GCAS) in San Francisco.
"The momentum from businesses, states, cities, investors and citizens is now unstoppable, not least because those taking bold climate action are already seeing tangible benefits," said Paul Polman, CEO, Unilever and Co-Chair of the Global Commission.
"But if we are to unlock the full benefits of this new low carbon growth opportunity and avoid runaway climate change, economic and financial leaders in both government and the private sector need to do even more, and fast."
The report highlights opportunities in five key economic systems -- energy, cities, food and land use, water and industry.
It demonstrates that ambitious action across these systems could deliver net economic gains compared with business-as-usual and generate over 65 million new low-carbon jobs in 2030, equivalent to today's entire workforce of Britain and Egypt combined.
"The purpose of this report is to demonstrate how to accelerate the shift to this new growth path," Helen Mountford, Programme Director of the New Climate Economy and lead author of the report, said.
"It lays out the benefits of doing so, the challenges ahead, and the clear accelerators or actions that can be taken to fully reap the rewards of stronger, cleaner, and more equitable growth."
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Panaji (PTI): As part of a crackdown against tourist establishments violating laws and safety norms in the aftermath of the Arpora fire tragedy, Goa authorities on Saturday sealed a renowned club at Vagator and revoked the fire department NOC of another club.
Cafe CO2 Goa, located on a cliff overlooking the Arabian Sea at Vagator beach in North Goa, was sealed. The move came two days after Goya Club, also in Vagator, was shut down for alleged violations of rules.
Elsewhere, campaigning for local body polls, AAP leader Arvind Kejriwal said the fire incident at Birch by Romeo Lane nightclub at Arpora, which claimed 25 lives on December 6, happened because the BJP government in the state was corrupt.
An inspection of Cafe CO2 Goa by a state government-appointed team revealed that the establishment, with a seating capacity of 250, did not possess a no-objection certificate (NOC) of the Fire and Emergency Services Department. The club, which sits atop Ozrant Cliff, also did not have structural stability, the team found.
The Fire and Emergency Services on Saturday also revoked the NOC issued to Diaz Pool Club and Bar at Anjuna as the fire extinguishers installed in the establishment were found to be inadequate, said divisional fire officer Shripad Gawas.
A notice was issued to Nitin Wadhwa, the partner of the club, he said in the order.
Campaigning at Chimbel village near Panaji in support of his party's Zilla Panchayat election candidate, Aam Aadmi Party leader Kejriwal said the nightclub fire at Arpora happened because of the "corruption of the Pramod Sawant-led state government."
"Why this fire incident happened? I read in the newspapers that the nightclub had no occupancy certificate, no building licence, no excise licence, no construction licence or trade licence. The entire club was illegal but still it was going on," he said.
"How could it go on? Couldn't Pramod Sawant or anyone else see it? I was told that hafta (bribe) was being paid," the former Delhi chief minister said.
A person can not work without bribing officials in the coastal state, Kejriwal said, alleging that officers, MLAs and even ministers are accepting bribes.
