$2.7 Trillion Needed for Net Zero Emissions by 2050
A recent report highlighted that there is a requirement of $2.7 trillion in annual global investment to achieve net zero emissions by 2050 and limit global temperature rise to 1.5 degrees Celsius.
- Achieving net zero emissions by 2050 and limiting global warming to 1.5 degrees Celsius is critical to mitigating catastrophic climate change.
- The $2.7 trillion annual investment represents a 150% increase from the current $1.9 trillion required yearly to decarbonize the energy sector.
- Many countries are not on track to meet their emissions reduction targets by 2030, and the existing pledges would likely lead to a 2.5-degree Celsius temperature increase by 2050.
- Net ....
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