Paris Climate Deal Seen Costing $12.1 Trillion Over 25 Years
- Renewable energy needs 75% more to halt global warming
- Goal of 2 degrees Celsius agreed by 195 nations in December
A stream flows made by a melting glacier near Qaanaaq, Greenland.
Source: The Asahi Shimbun/The Asahi Shimbun via Getty ImagesThis article is for subscribers only.
If the world is serious about halting the worst effects of global warming, the renewable energy industry will require $12.1 trillion of investment over the next quarter century, or about 75 percent more than current projections show for its growth.
That’s the conclusion of a report setting out the scale of the challenge facing policymakers as they look for ways to implement the Paris Agreement that in December set a framework for more than 195 nations to rein in greenhouse gases.