Financing the Net Zero Transition

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Making the transition to a net zero economy is “perhaps the greatest challenge humankind has ever faced” noted the International Energy Agency this summer, and it will not be possible without huge financial support and multilateral cooperation.

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Source: International Renewable Energy Agency (IRENA).

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Source: Climate Bonds Initiative -  Note: 2021, 2022 and 2023 figures are CBI forecasts

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Making the transition to a net zero economy will not be possible without huge financial support and multilateral cooperation. We need to invest $6.9 trillion annually in low-carbon, climate-resilient infrastructure–just under $1,000 per year for every person on the planet–and by most estimates, this will only partly solve the problem.