As usual, I follow the ever increasing flood of climate related reports. The news are mainly negative when it comes to climate change consequences as well as global emission trends. But there are reports emerging with a brighter message, as these two: 1. A new study conducted by Cambridge researchers indicates that radical cuts in GHG emissions will be cheaper than previously anticipated. Alex Bowen, a climate policy expert at the London School of Economics concludes that for England food prices will increase by one percent, electronics by two percent and electricity by 15 percent. Read more about this report here.
2. The consultants at McKinsey & Company have studied the cost of a transition to a global green economy. The results are interesting and is far more optimistic than previous studies calculating the cost. For only 0.02 percent of the global GNP, which equals 75 billion euro or about 15 dollars per world citizen, a sustainable future could be a reality. The difference from previous studies from the IPCC or the Stern report is due to McKinsey's inclusion of large, positive side effects from climate investments. Read the news here.
Jonas and I will be on site in Copenhagen on Monday morning.
Stay tuned.
Andreas
The really interesting part of the McKinsey study is about all the identified actions that are profitable today even without a carbon price!
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