According to U.S. Treasury Secretary Janet Yellen, $78 trillion is needed to achieve the "absurd" climate goal Net Zero by the year 2050.
She gave this estimate during a July 27 speech delivered in the city of Belem in Brazil's northern Para state. Yellen noted that achieving Net Zero carbon emissions will require $3 trillion in annual global financing – amounting to a whopping $78 trillion by 2050.
According to U.S. Treasury Secretary Janet Yellen, $78 trillion is needed to achieve the "absurd" climate goal Net Zero by the year 2050.
She gave this estimate during a July 27 speech delivered in the city of Belem in Brazil's northern Para state. Yellen noted that achieving Net Zero carbon emissions will require $3 trillion in annual global financing – amounting to a whopping $78 trillion by 2050.
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