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High-carbon systems are expected to become unprofitable or inoperable since markets and regulations will evolve towards climate-friendly economies (Photo: mw238)

Low-carbon cities can unlock €21tn by 2050, report finds

According to a new report released on Thursday (19 September), investing €1.65tn (about two percent of global GDP) per year in low-carbon cities can reduce emission by nearly 90 percent by 2030, while generating economic prosperity of over €21tn by 2050.

The three-year research, carried out by a coalition of 50 international institutions, states that "the batt...

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Author Bio

Elena is EUobserver's Managing Editor. She is from Spain and has studied journalism and new media in Spanish and Belgian universities. Previously she worked on European affairs at VoteWatch Europe and the Spanish news agency EFE.

High-carbon systems are expected to become unprofitable or inoperable since markets and regulations will evolve towards climate-friendly economies (Photo: mw238)

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Author Bio

Elena is EUobserver's Managing Editor. She is from Spain and has studied journalism and new media in Spanish and Belgian universities. Previously she worked on European affairs at VoteWatch Europe and the Spanish news agency EFE.

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