26 Jun '14, 6pm

World Bank Says ‘Climate Smart’ Policies Boost Growth

World Bank Says ‘Climate Smart’ Policies Boost Growth

WASHINGTON, D.C. -- Policies aimed at curbing climate change can boost economic growth, create jobs and save millions of lives, according to World Bank President Jim Yong Kim. “Climate smart” policies to reduce emissions of carbon dioxide in Brazil, China, India, Mexico, the U.S. and European Union would increase global gross domestic product by $1.8 trillion per year, Kim said today, referring to a World Bank study released in Washington. “Clean transport and energy efficiency should seem like no brainers to governments all over the world,” Kim said in a conference call with reporters. Tax and regulatory policies aimed at reducing global warming “make economic sense,” removing “another false argument not to take action against climate change,” he said. The world had its warmest May in more than a century as the planet’s oceans also set a record for heat, the National Ocea...

Full article: http://www.renewableenergyworld.com/rea/news/article/2014...

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