Low-Carbon Growth: Financial Security's Best Chance
Nicholas Stern, LSE | October 23, 2008
High-carbon growth must be limited to avoid a climate disaster and prevent a dangerous global transformation - population movements and conflicts. ++ World emissions must be cut by 50% by 2050. ++ Investments in low-carbon infrastructure will likely average $1 trillion a year over next century and allow for a safer environment. ++ The EU and the UN must “sustain a price for carbon, by use of carbon trading and taxation.” ++ The foundations for low-carbon growth must be set now as they will result in sustainable financial growth.
