New York — The price tag for driving down global emissions in a big way is, as you can imagine, big.
BloombergNEF calculates that meeting the goals of the Paris Agreement with a combination of zero-carbon electricity and hydrogen would require more than $60-trillion of power sector investment, plus more than $30-trillion of investment in hydrogen production and transport investment by 2050. Flex a few technical choices — such as switching dedicated nuclear power plants to manufacturing hydrogen — and the total price tag is $100-trillion or more...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.