Stronger growth and safer climate possible: report

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Just one week before a major climate summit opens at the United Nations, a new report released on Tuesday by a commission of global leaders argues that major structural and technological changes in the world economy are making it possible to achieve lower carbon emissions and economic growth at the same time.

By absorbing much of the added heat trapped by atmospheric greenhouse gases, the oceans are delaying some of the impacts of climate change. [Photo/WMO] 

"Yes, it is possible to have better growth and better climate. Yes, it is possible to create jobs and reduce poverty and at the same time reduce the carbon emissions that threaten our future. Yes, it is possible, but we need to make some fundamental changes and smart choices," said former President of Mexico, Felipe Calderon at a UN Headquarters press conference.

Launching the Better Growth, Better Climate: the New Climate Economy report alongside UN Secretary-General Ban Ki-moon, Mr. Calderon said the new data refutes the idea that the world must choose between fighting climate change and growing the world's economy.

"The transition to a low carbon economy can improve the quality of growth, including the creation of new jobs, cleaner area and better health. A growing number of businesses, cities and countries are showing us it is indeed possible," said Mr. Calderon.

Chaired by Mr. Calderon, the Global Commission on the Economy and Climate -- which conducted the study --, comprises 24 leaders from Government, business, finance and economics in 19 countries. The year-long study was conducted by leading research institutes from Brazil, China, Ethiopia, India, South Korea, the United Kingdom and United States and advised by a panel of world-leading economists.

Secretary- General Ban Ki-moon called the report timely, noting that greenhouse gas emissions are at record levels and the effects of climate change are not only widespread, they are costly and consequential.

"Scientists have long warned of the potential implications of climate change for economic growth. We can no longer afford to burn our way to prosperity. We must manage climate risk for sustained -- and sustainable -- economic progress. We need a structural transformation in the global economy," Mr. Ban said.

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