How the global economy will be impacted by the war on climate change


The benefits of climate protection are positive outcomes associated with reducing greenhouse gas production. Additional benefits could run into the trillions of dollars annually, including reduced air pollution, lower fuel costs, national energy security and jobs.

Political interest

Greenhouse gas reduction is a key decision factor in policy calculations, yet largely ignored or even undetected by businesses and policymakers, let alone measured or monetized. Global economic and technological innovation can significantly benefit from an appropriate balance of common interests, which can also significantly influence policy decisions about the timing and intensity of mitigation actions. Therefore, common interests have become a more prominent issue in international politics.

Economic growth and employment

Co-benefits can have a positive impact on employment, energy independence, industrial development and self-consumption. Using renewable energy can increase employment opportunities. When coal-fired power plants are replaced by renewables, the number of jobs per megawatt of output can quadruple, depending on the country and deployment pattern. Investing in renewable energy, especially wind and solar, can add value. Renewable energy can improve energy independence and security of supply in countries that rely on imported energy. National renewable energy production reduces fossil fuel import requirements and increases annual economic savings. Investing in renewable energy also benefits businesses and households. By incentivizing low-income households to install rooftop solar panels and run their PV systems, the residential sector could benefit from annual cost savings. These eco-friendly homes are designed to help many people reduce their carbon footprint. All of these homes are classified as low carbon homes. To qualify, they must demonstrate one of the following characteristics: thermally efficient design, passive low-energy design, or use of green technology. These homes benefit the planet by reducing carbon emissions, but they are also attractive and affordable to buyers. They help many people who are struggling to find adequate housing to become homeowners. The opportunity to become a homeowner and protect the environment inspires eager home buyers interested in purchasing low-carbon homes.

Get energy

This dimension benefits from secondary mitigation strategies. Power outages remain a significant obstacle to the full electrification of rural areas through centralized energy infrastructure. Renewable energy systems can benefit rural areas that are not fully wired. Solar microgrids are still viable, affordable, and less prone to power outages. Another societal impact of energy security is higher educational standards.


A person's employment is a key factor in why they need to use different means of transport on a regular basis. Employees working remotely require fewer personal commutes to the office and use fewer vehicles each day, reducing overall emissions. If as many potential participants as possible adopt telecommuting, it is estimated that 40 to 49 tons of greenhouse gases could be saved by 2050. In addition, remote working has other benefits, including increased productivity, saving companies money (due to lower office space costs), and increased employee satisfaction. However, this notion is hindered by employees' interpersonal and psychological fears that can negatively impact their workplace, as well as heightened social isolation.