Global Net Zero Emissions Goal Would Require $1-2 Trillion A Year Investment: Study

Business World | Sep 16, 2020 at 7:04 PM
  • Achieving net zero emissions by mid-century would cost an estimated $1 trillion-$2 trillion a year of additional investments, or 1-1.5% of global gross domestic product, a report by the Energy Transitions Commission (ETC) said on Wednesday.
  • To limit global warming to 1.5 degrees Celsius this century, global greenhouse gas emissions will need to reach net zero.
  • China has the resources and technology to become a rich, developed carbon-free economy by 2050.