By Leah Later, Catlyne Haddaoui, and Jake Wellman
In these critical times, cities offer one of the biggest opportunities. With most of the world’s population, economic activity and carbon emissions concentrated in cities, it is becoming ever-more-clear that the fate of cities is the fate of the planet. Science tells us that the world must reach net-zero emissions by 2050 to keep global warming below 1.5°C. A new report from the Coalition for Urban Transitions, Climate Emergency, Urban Opportunity (available to read in the article below), finds that low-carbon cities can reduce emissions while offering tremendous economic opportunities.
Researchers found that investing in 16 low-carbon measures in cities could cut global urban emissions by 90% by 2050 and has a net present value of almost $24 trillion, equivalent to nearly one-third of the global GDP in 2018. This means that between now and 2050, the total benefits of these investments will exceed their total costs by almost $24 trillion.