"Net-zero" by 2050 needs $9.2 trillion annually.
Not $9.2 trillion over thirty years, but $9.2 trillion every year between then and now.
The transition required for the world to reach net-zero emissions by 2050 would need spending of $275 trillion between 2021 and 2050, or $9.2 trillion in annual average spending on physical assets, McKinsey & Company said in its new report.
Two comments:
- I'm sure they misplaced the decimal points; and,
- McKinsey & Company apparently released this without laughing.
No comments:
Post a Comment