US$2.7 trillion annual investment required for global net-zero by 2050

US$2.7 trillion annual investment required for global net-zero by 2050

EDPR’s Konary solar project in Poland will use the same grid infrastructure as its Pawlowo wind project. Image: EDPR

At least US$2.7 trillion must be invested in renewables, infrastructure and energy transition technologies annually to achieve global net-zero emissions by 2050, according to energy research company Wood Mackenzie.

In its Energy Transition Outlook 2023, Wood Mackenzie outlines three scenarios about energy transition. In the 1.5 degree scenario, carbon emissions should align with the most ambitious goal of the 2015 Paris Agreement, while low-carbon hydrogen and carbon removal technologies will play a significant role.

(The above content is reproduced from pv-tech,By Simon Yuen)

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Post time: Sep-18-2023