Adding up the Benefits: Actions that Help Build Prosperity, End Poverty and Combat Climate Change
The ClimateWorks Foundation, in partnership with the World Bank, is pleased to announce the publication of a new report titled “Climate-Smart Development--Adding up the benefits of actions that help build prosperity, end poverty and combat climate change.” This analysis builds on research to quantify the economic and social benefits of climate action and highlights scalable development solutions to address the climate issue.
Climate-Smart Development is the result of a collaboration between the ClimateWorks Foundation and the World Bank, and provides a framework to better understand the climate risks and benefits in different pathways to sustainable development. The report’s findings show clearly that action on containing climate change can be a boon for economic activity and that development done well can deliver significant climate benefits.
Click here to view the World Bank's press release for the report.
Jim Yong Kim, President, World Bank Group
"The report’s findings show clearly that the right policy choices can deliver significant benefits to lives, jobs, crops, energy , and GDP – as well as emissions reductions to combat climate change. The September Climate Summit provides a critical opportunity for world leaders to be on the right side of history, to champion ambitious action that not only cuts carbon pollution, but also delivers jobs and economic opportunity.”
Mary Robinson, Special Envoy to the Great Lakes of Central Africa, United Nations; President, Mary Robinson Foundation – Climate Justice; Former President of Ireland; former UN High Commissioner for Human Rights.
"This joint report by the ClimateWorks Foundation and the World Bank is a timely and informative resource in the efforts to address the devastating effects of climate change on the world¹s most vulnerable citizens. Policy makers and global leaders now have a tool to assess the benefits of addressing climate threats with an eye toward equity and human rights in a way that has not been available in the past. This report will prove invaluable to those who recognize the equal importance of these issues."
Rachel Kyte, Vice President and Special Envoy for Climate Change, World Bank Group
“Governments should take a close look at the evidence in this report. It reinforces the economic case for action over inaction on climate change. The report shows that climate action does not require economic sacrifice or, put differently, good economic stewardship can reap huge climate rewards.”
Jamshyd Godrej, Chairman and Managing Director, Godrej and Boyce Mfg. Co. Ltd., India; Board Member of the ClimateWorks Foundation & World Resources Institute; Chairman Emeritus, Aspen Institute India (now known as Ananta Aspen Centre); Chairman & Truste, Ananta Centre; President, World Wide Fund for Nature – India.
"We already know that in order to build a safe, strong, and equitable future, the world should embrace the opportunities of low-carbon development. And yet the reason why it is so excruciatingly hard to make any meaningful progress on the climate agenda is the self-perpetuating myth that increasing prosperity while also safeguarding the planet in a proposition that is too costly to achieve. This analysis by the ClimateWorks Foundation and the World Bank bluntly shatters that erroneous belief. It makes a compelling case for how developed and emerging economies alike can pursue a model of development that can protect our planet’s climate while also boosting employment and saving millions of lives. The business, academic and advocacy community as well as politicians and policy-makers around the world should take note."
Prof. Pamela Matson, Dean of the School of Earth Sciences, Richard and Rhoda Goldman Professor in Environmental Studies, and Senior Fellow at the Woods Institute, Stanford University; member of the Board of Directors, ClimateWorks Foundation
“Climate science has accumulated, over decades of research, tremendous knowledge about climate change, its causes and impacts, and the risks it carries for people and ecosystems. Only recently, however, has the scientific community begun to develop the knowledge, tools and approaches needed to support decision makers in their response to climate change. This joint work by the ClimateWorks Foundation and the World Bank demonstrates the great value to be gained from analysis of the interactions, trade-offs, and multiple benefits of decisions made to limit and respond to the risks of climate change. It is a wonderful example of useful, timely, action-oriented analysis that helps chart both future research directions and strategic decision making.”
Caio Koch-Weser, Chairman, European Climate Foundation; Vice Chairman and Senior Adviser, Deutsche Bank; Former Secretary of State, Federal Ministry of Finance, Germany; Former Managing Director, World Bank.
"Climate change and its multitude of effects ALREADY threaten developing economies and our economic system as a whole. But along with these threats, there are policy and investment opportunities that, if appropriately pursued, can bolster development and support prosperity while safeguarding our climate, natural resources, and food systems. This report, produced as a joint work by the ClimateWorks Foundation and the World Bank, highlights the actions that policy makers, business leaders, and financial institutions around the globe can take to address these equally important issues. Decision makers must take note of the economic and social risks of climate change, and should turn to this report to help shape the conversations that, ultimately, can turn the tide against these negative impacts."
Jeremy Oppenheim, Program Director, New Climate Economy Project, The Global Commission on the Economy and Climate
"This new report from the World Bank and ClimateWorks Foundation paves the way for a new approach to a rigorous analysis of the multiple benefits of climate action and suggests a methodology that moves us from a reductionist, static analysis of mitigation costs only. The work of the Global Commission on the Economy and Climate has indicated that world leaders need sound analysis which puts a monetary value on the co-benefits associated with climate action, such as on air quality and health, energy security and the sustainability of natural resources. This report makes a convincing case for how good policy can deliver better economic, social and environmental outcomes. As importantly, the report provides a suite of practical decision-maker tools which show how these variables can transparently analysed and incorporated into economic assessment and modelling. We need to make sure that these tools are available on as user-friendly basis as possible at national, regional and city level."