Economic Growth and Job Creation: 

The shift to clean energy is considered a monumental business opportunity, with 2024 seeing investments in climate-friendly energy projects reach $2.1 trillion. Achieving net-zero emissions by 2050 could elevate global GDP by 7% and generate 14 million clean energy jobs.

Health Benefits: 

Reducing emissions can decrease the frequency of extreme weather events, which have resulted in over 2 million deaths and $4.3 trillion in economic losses over the past five decades. Proactive climate measures could prevent an estimated 14.5 million deaths and save $12.5 trillion in economic losses.

Environmental Protection:

Climate change and biodiversity loss are interconnected challenges. Sustainable ecosystem management, including efforts like reducing deforestation and promoting reforestation, could contribute approximately 20% of the emission reductions needed by 2030 to meet Paris Agreement targets. Additionally, restoring 15% of degraded land and halting further conversion could prevent up to 60% of expected species extinctions.

Cost Savings:

Implementing energy efficiency measures could lead to global household savings of $201 billion on electricity and gas by 2040. Transitioning to renewable energy often proves more economical than relying on fossil fuels; for instance, Canada could save up to 15 billion Canadian dollars annually by achieving net-zero electricity grids by 2050, equating to household savings of 1,500 Canadian dollars each year.

Source: United Nations Environment Programme (UNEP)