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Reaching net zero is forecast to require nearly $75 trillion of investment
Reducing net carbon emissions to zero by 2070, and thus keeping global warming to about 2 degrees Celsius of pre-industrial levels, will require investment of more than $74 trillion, according to Goldman Sachs Research. The team recently updated its projections, as the path to keeping climate change to within 1.5 degrees Celsius of the pre-industrial era appears increasingly out of reach. chart While global carbon emissions have risen higher than previously expected, and the goals set out in the Paris Agreement are unlikely to be achieved, an ambitious path to containing temperature increases to 2 degrees may still ... (full story)