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.”

Source: Energy Industry News (energyindustrynews.net)

Emissions Energy Renewables Clean Energy Energy Transition

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Here's How Many Brits Actually Believe The UK Will Reach Our Net Zero TargetKate is a Senior Trends Reporter at HuffPost UK, covering the day's most compelling stories. She has worked in the national news since she became a qualified journalist and was previously a reporter with Express.co.uk
Source: HuffPostUK - 🏆 108. / 51 Read more »

Aviation sector sees greener fuel as crucial to net-zero goalsYet finding the money for the plants that will make it is proving tricky
Source: FT - 🏆 113. / 51 Read more »

Japan Looks To Strike A Balance Between Energy Security and Net ZeroResource-poor Japan is launching the most important energy policy discussions in its post-World War Two history, aiming to strike a balance between the need to boost its energy security with conventional sources
Source: OilandEnergy - 🏆 34. / 68 Read more »

Australia to Boost Natural Gas Production Despite 2050 Net-Zero GoalAustralia will continue to back exploration and increased production of natural gas as the fuel will play a key role in the country's transition to a net-zero economy
Source: OilandEnergy - 🏆 34. / 68 Read more »

Council set to miss its 2030 Net Zero target to combat climate changePowys County Council is currently missing its 2030 Net Zero target, a cabinet member has said.
Source: ShropshireStar - 🏆 98. / 51 Read more »

SNP wants to avoid ‘bruising’ leadership contest and Swinney trustedThe Scottish Net Zero Secretary said John Swinney as first minister will unite the party.
Source: Observer_Owl - 🏆 18. / 72 Read more »