9 3 Report

FILE PHOTO: The sun is seen behind high-voltage power lines and electricity pylons at a highway northeast of Cairo, Egypt, March 13, 2019. REUTERS/Amr Abdallah Dalsh/File Photo. LONDON (Reuters) - Achieving net zero emissions by mid-century would cost an estimated $1 trillion-$2 trillion a year of additional investments, or 1-1.5% of global gross domestic product, a report by the Energy Transitions Commission (ETC) said on Wednesday. To limit global warming to 1.5 degrees Celsius this century, global greenhouse gas emissions will need to reach net zero. When this is achieved, the reduction in 2050 living standards in developed and developing countries would amount to less than 0.5% of global GDP, the report said. Full story

7 days ago, 16 September