Source: WRAL TECHWIRE, 9/17/20


Achieving net zero greenhouse gas emissions by 2050 is possible but will cost $1 trillion to $2 trillion a year, according to a new report, which warns that the cost of unmitigated climate change will be much higher. The Energy Transitions Commission, a coalition of senior executives from 45 energy producers, financial institutions and environmental groups, said Wednesday that it is “technically and economically possible” to achieve net zero emissions by the middle of the century at an annual cost of about 1% to 1.5% of global GDP.

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