Europe to benefit from climate action, says report

The recently published Report on Energy and Climate Policy in Europe (RECIPE) suggest that Europe could benefit from better climate protection even if no other countries join in, so long as a meaningful impact is made before 2020. The report, published by Allianz and WWF, suggests that while the creation of a low-carbon energy sector will cost Europe some 400 to 1 000 billion dollars annually until 2030, and billions more to help poor countries cut carbon emissions, doing nothing would be disastrous, financially and economically.

The RECIPE study can be found here:

http://knowledge.allianz.com/nopi_downloads/downloads/RECIPE_synthesis_report.pdf