Commissioned by the Finnish Innovation Fund Sitra and prepared by an international research team that includes E3-Modelling and is led by UCL, the study finds that meeting the 1.5-degree climate target of the Paris Agreement can go hand in hand with a growing economy, albeit under strict conditions. The report addresses critical questions such as what the economic implications of the 1.5 degrees target are and what countries need to do in practice to meet the target. Because of the limited scope of the work, the report did not analyse whether economic growth can be decoupled from the overconsumption of natural resources or what the economic costs from increasing temperatures and other climate damages are.
Read the full report and a summary here.