Prices of everyday goods such as clothing and food will barely rise if rich nations slash greenhouse gas emissions by 2050, according to a study released on Wednesday that concludes green lifestyles are affordable.

The study, in New Scientist magazine based on data for Britain from consultancy Cambridge Econometrics, said prices of only a few consumer goods dependent on fossil fuels would rocket, such as fuel-guzzling air travel.

"These results show that the global project to fight climate change is doable," the report quoted Alex Bowen, a climate policy expert at the London School of Economics, as saying. "It's not such a big ask as people are making out."

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