“The transformation of the global economy needed to achieve net-zero emissions by 2050 would be universal and significant, requiring $9.2 trillion in annual average spending on physical assets, $3.5 trillion more than today. To put it in comparable terms, that increase is equivalent to half of global corporate profits and one-quarter of total tax revenue in 2020.” – McKinsey Sustainability
What does this mean? The best time to start tackling net zero was 20 years ago. But the second best time is right now.
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