Major cities can fight climate change and make billions: researchers

(Eco Business, 6 Dec 2018) Implementing green strategies like bike lanes and better building codes could bring world cities more than $580 billion in benefits, researchers say.

Implementing green strategies like bike lanes and better building codes could bring 94 world cities a collective $583 billion worth of benefits, while fighting climate change, according to research by a global network of cities.

C40 Cities pinpointed transport, buildings and industry as priorities to be incorporated into climate change policies. Doing so would encourage large investments and avert 223,000 premature deaths, as people live and work longer.

“This research quantifies and provides the business case for what mayors have long known to be true: taking bold climate action also improves public health,” C40 executive director Mark Watts said in a statement.

“There is no longer any trade-off for cities between delivering policies that benefit the environment, drive economic growth and improve the health of citizens.”

Cities are key in the fight against climate change, according to the World Bank Group’s International Finance Corporation (IFC).

More than half the global population lives in cities, which consume over two-thirds of the world’s energy, and account for more than 70 per cent of all carbon dioxide emissions, the IFC says.

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Eco Business, 6 Dec 2018: Major cities can fight climate change and make billions: researchers