Current Affairs - Economy - Discussion

The OECD study highlights that accelerated climate action could result in a 0.2% increase in global GDP by 2040, compared to current policies. Well-designed climate policies, which focus on enhancing productivity and fostering innovation, have the potential to significantly drive economic growth. This boost in GDP is equivalent to the size of Sweden’s economy, illustrating the positive economic impact of addressing climate change. Conversely, unclear climate policies could have the opposite effect, potentially reducing GDP by 0.75% by 2030.