“Understanding the economic costs and benefits of acting on climate change is crucial for a new global policy framework,” Edenhofer says. “The Global Commission on the Economy and Climate will provide an excellent forum to explore different transformation pathways towards a low carbon economy and to discuss a whole range of policy instruments including the implications of carbon pricing for public finance. So it is a great honour to be asked to support this initiative and to join its Economic Advisory Panel.”
The Commission comprises leaders from government, finance and business from 14 countries, including former leaders of Chile and Mozambique and leading figures of Unilever, Vattenfall, the Bank of America, and China International Capital Corporation. It will engage directly with key decision makers including economic organizations such as the World Bank and the International Monetary Fund.
Its comprehensive analysis will be published in September 2014, a year before the culmination of negotiations for a new international climate agreement in Paris. The Commission will then take its findings and recommendations directly to heads of government, finance and economic ministers, business leaders and investors throughout the world.
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