Report: The Paris Effect: how the climate agreement is reshaping the global economy
SYSTEMIQ’s new report ‘The Paris Effect’ demonstrates that countries, companies and investors now have a once-in-a-generation opportunity to scale zero-carbon industries in the 2020s, creating prosperous growth, millions of jobs and more resilient economies.
In 2015, low-carbon technologies and business models could rarely compete with incumbent high-carbon solutions. But, in the five years since the Paris Agreement, we have witnessed huge progress in low-carbon solutions and markets, bringing forward the potential for market shifts. Today, these solutions are competitive in sectors representing around 25% of emissions. By 2030, these solutions could be competitive in sectors accounting for over 70% of global emissions.
Countries that create the right enabling policy environments to harness these trends, stand to capture the benefits of millions of jobs, resilient economies, and simultaneously reduce emissions. The case for enlightened self-interest has never been stronger.