What will a climate deal cost? Estimates range range from $100 to $150 trillion (The global GDP was $ 85 trillion in 2020).

The Wall Street Journal
November 2, 2021

Trillions. Estimates for the cost to get to net zero carbon emissions range globally range from $100 trillion to $150 trillion. 

The truth is no one really knows because new technologies could drastically change the equation between now and 2050. 

In the U.S. researchers estimate it will require at least $7.8 trillion in capital investments will be needed to build the infrastructure to electrify the U.S. power grid and reduce reliance on fossil fuels. 

Trillions more would be needed to buy electric vehicles, retrofit buildings and homes and plant farm crops used for alternative fuel sources, among other investments.

Watch the video

https://www.youtube.com/watch?v=aQfXtYDs1YY

https://www.wsj.com/video/series/wsj-explains/how-much-would-it-cost-to-reduce-global-warming-131-trillion-is-one-answer/7CDC8900-9FF0-4DF6-BD69-25A5FF5B02B5?mod=series_climatefinancemarkets

Your Cheat Sheet to the U.N. Climate Conference in Glasgow
Negotiators from nearly every country on earth, financiers who oversee trillions of dollars, and environmentalists are…www.wsj.com