Will the path to net zero really cost $275 trillion?

Image via Shutterstock / Hans RW Goksoyr. Article by Karl Burkart. GreenBiz (originally published on Climate & Capital Media) – March 31, 2022.

A new report by McKinsey on the costs of transitioning the world to net zero carbon emissions by 2050 is making the rounds, brandishing a shocking top-line figure of $9.2 trillion per year. But if you dig into the report, you quickly see that this headline is disingenuous, creating an impression that it would be nearly impossible to raise the volume of capital required to solve the climate crisis. […]

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