Limiting Climate Change Good for the Economy

The steps needed to limit global warming to 2C would see 650,00 new jobs created and 27,000 deaths avoided in the United States, according to a study from the New Climate Institute in March.

Growth in the renewable energy sector would stimulate economies, and the results of preventing climate change would save lives. Coastal cities are at risk of extreme weather events, and heat waves threaten the elderly and infirm. Reducing the likelihood of such catastrophes would also limit healthcare costs.

The effect is even more pronounced in the developing world, which is more susceptible to drought and famine. Over a million lives would be saved in China by limiting warming to 2C, and almost two million new jobs would be created in the process.

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