Global Investment of $2.7 Trillion Annually Needed for Net-Zero Emissions by 2050

In its recently released Energy Transition Outlook 2023, energy research company Wood Mackenzie underscores the imperative of investing a minimum of $2.7 trillion annually in renewable energy, infrastructure, and energy transition technologies to attain global net-zero emissions by the year 2050. The report outlines three distinct scenarios, with the most ambitious targeting carbon emissions aligned