Chicago — Global economies will need to invest as much as $55-trillion to the middle of the century to meet an emissions goal and contain the warming of the planet, according to a report by a group of executives from energy-intensive companies including ArcelorMittal, BP and Royal Dutch Shell.

Reaching net-zero carbon emissions target by 2050 will require large-scale electrification of industries, buildings and transport, as well as the use of hydrogen and biofuels in areas that can’t be electrified, according to think-tank the Energy Transitions Commission...

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