Article 5VCFS McKinsey: fundamental transformation of global economy needed for net zero

McKinsey: fundamental transformation of global economy needed for net zero

by
Damian Carrington Environment editor
from Environment | The Guardian on (#5VCFS)

$9tn of annual investment required to avoid most catastrophic climate impacts, consultancy says

Reaching net zero climate emissions by 2050 will require a fundamental transformation of the global economy", according to a report by McKinsey, one of the world's most influential consulting firms.

It estimates that $9.2tn will need to be invested every year for decades to limit the global temperature rise to 1.5C and end the climate emergency. The sum is a 60% increase on current investment levels and equivalent to half of global corporate profits.

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/environment/rss
Feed Title Environment | The Guardian
Feed Link https://www.theguardian.com/us/environment
Feed Copyright Guardian News and Media Limited or its affiliated companies. All rights reserved. 2025
Reply 0 comments