Reducing city emissions could generate $23.9 trillion by 2050

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Reducing city emissions could generate $23.9 trillion by 2050
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'This report really lays out what are the set of measures that could get us all the way there--technically feasible, proven measures--and it actually goes a step further by saying what they might cost and the return they might generate.'

The report details the myriad of benefits that investments in low-emissions technologies would generate for cities, which currently55 percent of the global population and where 68 percent of the world's population is expected to live by 2050.

The report, which was conducted by more than 50 organizations, says the proposed low-carbon measures would cut city emissions by 90 percent in the next three decades. Much of the reduction, 58 percent, would come from the buildings sector, while 21 percent come from the transport sector, 16 percent from materials efficiency and 5 percent from the waste sector.

said, the current investment in sustainable urban infrastructure offers benefits beyond financial incentives.

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