Climate-smart cities could save the world $22tn, say economists

The finding upends the notion that it is too expensive to do anything about climate change – or that such efforts would make little real difference. Not true, said the researchers. “There is now increasing evidence that emissions can decrease while economies continue to grow,” said Seth Schultz, a researcher for the C40 climate leadership group who consulted on the report. “Becoming more sustainable and putting the world – specifically cities – on a low carbon trajectory is actually feasible and good economics.” The report called on the world’s leading cities to commit to low carbon development strategies by 2020.

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