Increasing climate ambition is cheaper than not
Key recommendations made in this paper:
- Developed nations to use UN-approved carbon certificates – based on systems available today – to
increase climate ambition by 28% from existing pledges - Focus efforts onto the delivery of solar and wind energy in developing countries, currently unfunded
under national climate plans (INDCs)
Key outcomes as a result:
- Developing countries receive $400 billion in additional investment in energy infrastructure between now
and 2025, resulting in over millions of new jobs and enhanced energy security and independence - Developed nations to save more than $160 billion (present value) 2016-2040 due to early climate action
- Investors the world over in new fossil fuel plants to be saved billions in asset write-downs after 2030
