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Friday, January 28, 2022

For The Archives -- What We Are Leaving Our Grandchildren -- January 28, 2022

"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. 

Link to Tsvetana Paraskova.

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.

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