New Climate Institute

As the March 31 deadline for countries to submit their proposals for tackling irreversible climate change passes, a new report claims lives could be spared, the climate could be saved from catastrophic and irreversible change, and one million jobs could be created if green policies are initiated.

Europe has promised a 40% emissions cut by 2030, compared to 1990 levels – and the report says this will bring real benefits, including 70,000 full-time jobs, the prevention of around 6,000 pollution-related deaths, and a €33bn cut in fossil fuel imports.

But if emissions were slashed by around 55% – the study’s proposed route for holding global warming to two degrees – those benefits would multiply to $173bn fuel savings, 420,000 full-time clean energy jobs and 46,000 lives saved, its authors say.

The report from the New Climate Institute (NCI) – a green pressure group – says more ambitious action to reverse climate change would yield even greater economic and social co-benefits in the form of job creation and a healthier climate.

Countries are putting forward their Intended Nationally Determined Contributions (INDCs) – a set of commitments which will form the basis of the agreement which the 196 nation states in the United Nations Framework Convention on Climate Change are aiming to formalise at the Paris Climate Summit in December this year.