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Photographer: David Paul Morris/Bloomberg
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Energy & Science

Greening Energy to Fight Climate Threat May Cost $92 Trillion

Annual investment in energy transition needs to speed up now, BNEF says

Governments and companies will need to invest at least $92 trillion by 2050 in order to cut emissions fast enough to prevent the worst effects of climate change. 

That’s the latest forecast from analysts at BloombergNEF, who see that scale of spending as necessary to drive a rapid electrification of the global economy and slash reliance on fossil fuels.