The Climate Bonus

7A stronger economy

Long-term stability and prosperity

Key messages

• The old view of climate policy as an economic burden is giving way to a new vision of a dynamic, prosperous green economy.
• Economic co-benefits include a probable net increase in jobs compared to business-as-usual; resource cost savings for businesses and households; increased productivity and competitiveness; new business opportunities; more innovation; and a secure and stable economy, protected from resource shortages and price shocks.
• A low-carbon economy needs strong government support including a clear regulatory and cost framework, ambitious long-term targets, and investment in education, research and infrastructure.
• Resource use and carbon emissions need to be kept within ...