NET ZERO 2050 100 TRILLION $ ?
Wider policy action is needed to accelerate the pace of decarbonisation and there have been calls for a global carbon tax, but we think a coordinated approach is unlikely, so other incentives must be considered.
‘Governments need to encourage and incentivise private sector investment whilst alleviating transition risks through policy levers.’
Around a third of the total investment will need to come from Europe and the US, with companies in the S&P 500 needing to commit $12trillion to green investment.
Emerging markets, which are more vulnerable to the impact of climate, will need to stump up more than half of the $100trillion and the report found a quarter will be needed in China alone