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IFC study finds climate pact helped open up $23 trillion in emerging-market opportunities

By   THE NATION

 

THE HISTORIC GLOBAL agreement on climate change adopted in Paris last year helped open up nearly $23 trillion (Bt809 trillion) in opportunities for climate-smart investments in emerging |markets between now and 2030, a study released by IFC, a member of the World Bank Group, said.

 

Since the Paris Agreement was adopted in December 2015, up to 189 countries have submitted national plans that target aggressive growth in climate solutions – including renewable energy, low-carbon cities, energy efficiency, sustainable forest management and climate-smart agriculture. These plans offer a clear roadmap for investments that will target climate-resilient infrastructure and offset higher up-front costs through efficiency gains and fuel savings.

 

Full story: http://www.nationmultimedia.com/news/business/macroeconomics/30300040

 

 

 
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-- © Copyright The Nation 2016-11-20

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