Asia must spend $2.5 trillion annually to meet 2050 climate deadline
The region will need to spend the equivalent of half of the GDP of Japan every year on low-carbon infrastructure, to avoid the unthinkable consequences of climate change, according to McKinsey. An offshore wind farm in Taiwan. Approximately $9.2 trillion per year, equivalent to three times the GDP of India, will need to be spent to achieve a net-zero world, as high carbon-emitting economic activity is phase ...
Read more ›