20 Mar 2024
Decarbonisation: Climate Change
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
The United Nations Framework Convention on Climate Change (UNFCCC) estimates that US$125 trillion in investment is needed to achieve net-zero on a global scale by 2050.
Why are they planning this spending?
Because scientific report after scientific report keeps warning on climate change.
For example, the WMO (World Meteorological Organisation) has just published that 2023 was the warmest year on record, global sea level have reached record high, Antarctica sea ice reduced further 1 million square kilometers from previous recorded low and increased extreme weather is threatening food security.
Click to read.
Pollution caused by humanity is at the the heart of this problem and the subsequent spending of US$125 trillion to achieve net-zero by 2050 will present enourmous investment opportunities.
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