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Investment lowering carbon emissions could stimulate economic growth

2014-05-13 09:59:00| Climate Ark Climate Change & Global Warming Newsfeed

Australian Broadcasting Corporation: Economic growth may struggle to meet the needs of a global population set to hit 9.5 billion by 2050. Economist Michael Molitor argues that the best way to stimulate global growth is to invest heavily in renewable energy sources. Most key decision-makers in government and business have come to believe that responding to climate change will be expensive. To be more precise, they are adamant that capital allocated to lowering carbon emissions will mean that global GDP will be lower in 2030 and 2050...

Tags: growth economic investment carbon

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