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Home / Capital / Environmental Social And Governance

Greening energy to fight climate threat may cost US$92 tril

Environmental, Social and Governance

Greening energy to fight climate threat may cost US$92 tril

Bloomberg Published on Thu, Jul 22, 2021 / 8:31 AM GMT+8

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Governments and companies will need to invest at least US$92 trillion by 2050 in order to cut emissions fast enough to prevent the worst effects of climate change.

That’s the latest forecast from analysts at BloombergNEF, who see that scale of spending as necessary to drive a rapid electrification of the global economy and slash reliance on fossil fuels.

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