Growing Green – The Economic Benefits of Climate Action

by Sabrina I. Pacifici on June 30, 2013

World Bank – “The three new reports identify the local and immediate benefits of climate action.  They identify what countries in Europe and Central Asia should be doing, and how they can best do it:

  • Growing Green: the Economic Benefits of Climate Action identifies energy efficiency, cleaner energy, and natural resource management as the main components of a growth-friendly climate action strategy, and shows that the biggest gains will come from improving energy efficiency.
  • Energy Efficiency: Lessons Learned from Success Stories analyzes the policies of countries in the European Union that have improved energy efficiency the most – Denmark, Germany, Ireland, and Sweden in the west, and Lithuania, Poland, and Romania in Central Europe.  The report shows that the quickest gains are in industry, while residential energy efficiency improvements tend to be more difficult.
  • Balancing Act: Cutting Energy Subsidies While Protecting Affordability proposes that with well-designed energy tariffs and social protection policies, the fiscal and environmental benefits of eliminating energy subsidies do not have to come at the expense of increased poverty and hardship. It shows that reducing consumption subsidies is possible and the welfare gains can be sizeable.”

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