Addressing Climate Change Will Help Economic Growth, Study Finds

Slowing the pace of climate change in line with the Paris Agreement has clear economic benefits as global warming is increasingly seen as a risk to financial stability and the economy.

Abiding by the Paris Agreement and limiting annual average temperature increases to 0.01 degree Celsius reduces global income by 1.07% by 2100. That compares with a 7.22% hit to gross domestic product if the temperature rises by 0.04 degree Celsius a year, according to a National Bureau of Economic Research paper.

Bank of England Governor Mark Carney has been at the forefront of a push by central ...