Net-Zero Comes With Insane $215 Trillion Price Tag

The world would need as much as $215 trillion in cumulative investments to achieve a fully decarbonized global energy system by 2050, research provider BloombergNEF

said. “On the energy supply side, for every dollar that goes to fossil fuels, an average of $3 needs to be invested in low-carbon energy over the remainder of the decade – up from parity today,” the authors of the report wrote. and the lead author of the report. “In the 18 months since we last updated our global scenarios, the energy transition has certainly accelerated – but not nearly enough. This report should serve as a wake-up call we need a rapid decline in emissions starting from now – not in five years’ time – if net zero by mid-century is to remain a possibility.”

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