Energy Markets
OECD report: Ambitious climate actions could boost global GDP by 0.2% in 2040
A study released on Tuesday showed that accelerated climate action could boost the global GDP by 0.2% in 2040 compared to current policies. This is as delegates from over 40 countries gather in Berlin for the COP30 Summit in Brazil. According to an analysis by the Organisation for Economic Co-operation and Development and United Nations Development Programme, well-designed climate policy not only reduces emissions but can also increase efficiency, productivity and innovations - potentially increasing output by a sum equivalent to the size Sweden's economic system. The study concluded that investing in clean energy, efficiency, and innovation can boost productivity...