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THE NEW CLIMATE ECONOMY
THE GLOBAL COMMISSION ON THE ECONOMY AND CLIMATE
John Hennessy III,
P.E.
GLOBAL COMMISSION ON THE ECONOMY AND CLIMATE
The negotiations under the United Nations Framework Convention on Climate Change (UNFCCC) cover the vast majority of global greenhouse gas (GHG) emissions, but two significant sources of rapidly growing emissions need to be addressed primarily outside the UNFCCC: international aviation and international shipping. Due to their trans-boundary character, international cooperation is urgently needed to stem that growth and to seize opportunities for cost-effective emissions reduction.
THE GLOBAL COMMISSION ON THE ECONOMY AND CLIMATE
Cities are engines of economic growth and social change. About 85% of global GDP in 2015 was generated in cities. By 2050, two-thirds of the global population will live in urban areas. Compact, connected and efficient cities can generate stronger growth and job creation, alleviate poverty and reduce investment costs, as well as improve quality of life through lower air pollution and traffic congestion. Better, more resilient models of urban development are particularly critical for rapidly urbanizing cities in the developing world.
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