A new World Bank Group report lays out three steps countries can follow to reduce net emissions of greenhouse gases to zero and stabilize climate change: Plan for the end goal, not just the short-term; get prices right as part of a broad policy package that triggers changes in investment and behavior; and smooth the transition for those most affected.

The actions necessary to make the transition to zero net emissions are affordable if governments start today, the report Decarbonizing Development: Three Steps to a Zero Carbon Future says, but it warns that the costs will grow if action is delayed. Waiting until 2030 would increase the global cost by 50 percent.

Read the complete article on the World Bank Group website.

Photo credits: World Bank