WASHINGTON, Sep 24 2013 (IPS) – More than a half-dozen governments on Tuesday launched a yearlong collaborative investigation into the economic benefits of taking broad action to combat global climate action.
The nine-million-dollar initiative, dubbed the New Climate Economy project, is being spearheaded by a commission chaired by former Mexican president Felipe Calderon and is backed by the governments of Colombia, Ethiopia, Indonesia, Korea, Norway, Sweden and the United Kingdom.
The research will be carried out by institutes located in most of these countries and will culminate in a report to be published in September 2014, just ahead of a major scheduled United Nations summit on climate.
In addition to an oversight panel made up of former heads of state and finance ministers, the Global Commission on the Economy and Climate is co-chaired by Nicholas Stern, the British economist who published a touchstone climate change review for the U.K. government in 2006. For this reason, the project is being seen as a direct follow-up to Stern’s previous work.