Reducing carbon emissions will not harm economic growth, study finds
2 years, 8 months ago

Reducing carbon emissions will not harm economic growth, study finds

The Independent  

Net zero carbon emissions can be achieved by 2050 without harming economic growth, a new study has found. The new study published by Oxford University Press used energy system and macroeconomic models to explore how these objectives could be reached and whether achieving them is possible with continuing economic growth through to 2100. Though some scholars say that economic growth cannot be maintained while resolving the climate crisis, researchers point to the European Union’s economy - which grew by more than 50 per cent while CO2 emissions fell by 25 per cent between 1990 and 2016. open image in gallery Global carbon emissions rebounded to highest level in history in 2021. Over these 80 years, per capita growth just about halves as the growth of investment slows, largely after 2040. open image in gallery London’s mayor estimates traffic fumes account for 25 per cent of city’s carbon dioxide emissions The average annual growth rate over the period 2020-2100 consistent with an energy system that achieves a maximum rise of 1.5C in 2100 is 1.76 per cent and by 2100 the global economy is five times the size it was in 2015.

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