Action on climate and air pollution likely to boost economy, UN says

The U.N. Environment Programme (UNEP) and the Climate and Clean Air Coalition (CCAC) have released a comprehensive global economic assessment titled "Hidden Assets: The Economic and Health Case for Climate and Clean-Air Action." The report highlights that every US$1 invested in tackling climate change and air pollution together can generate around US$15 in economic benefits, surpassing the benefits from tackling climate or clean air separately.

This assessment underscores the importance of investing in clean air as a key driver of development, health, food and energy security, and climate stability. Proven solutions already exist, but the report emphasizes the need for decisive leadership from governments, financial institutions, and businesses to implement these solutions with the required speed and coordination.

The report identifies 25 measures that, if implemented, would generate annual economic benefits equivalent to $1.5 trillion, and even when excluding nonmarket welfare benefits, the measures return around $4 for every $1 invested.

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