McKinsey: Net-Zero transition will cost $9.2 trillion in annual investment till 2050 This annual average includes investment in the energy, mobility, industry, buildings, agriculture, and forestry and other land-use sectors McKinsey: The impact of the energy transition will be uneven across countries and sectors The energy transition will be a very expensive and complicated endeavor in which different countries and regions will be unevenly impacted, analysts and forecasters have been saying for years. The world cannot just flip the switch off on the current energy systems and start running on renewables, however noble, emission-reducing, and climate-protecting this sounds. As a growing number of countries are committing to net-zero emissions by the middle of the century, or a decade or two later, all must start acting now if the world has any chance of meeting the Paris Agreement goals by 2050. Yet, it is easier said than done. The world […]