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09 August 2023 / Article
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The private and public sectors will need to invest $30-50 trillion dollars over the next 25 years to keep the world from warming beyond 2 degrees Centigrade.
Decarbonizing the global economy will require massive investments in renewables, storage, direct air capture, and transmission infrastructure while phasing out legacy fossil fuel assets. Businesses have an opportunity to profit from lower energy costs, greater efficiencies, and the lesser volatility of a more sustainable energy system. At the same time, they must navigate a complex and diverse global policy landscape. The cost of inaction, however, could be catastrophic and far-reaching.
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