By investing $1.83 trillion – about 2% of global GDP – per year in cutting urban emissions, governments would generate annual returns worth trillions more, according to new research published on Thursday (19 September).
The energy cost savings alone would amount to $2.80 trillion annually by 2030 and $6.98 trillion by 2050, according to the three-year research project led by a group of 50 international institutions under the ‘Coalition for Urban Transition’.
Image: Investing in cities would generate health and social benefits as it would contribute to clean the air, reduce traffic congestion and help create 87 million jobs by 2030 in sectors such as clean energy and public transport. (Will Hastings / Flickr)
