BNEF’s Bullard on why $16.5 trillion to save the planet isn’t as much as you think

Making the energy industry safer for the climate may not cost as much as you think, even if the price tag is $16.5 trillion. That’s the sum the International Energy Agency estimates it will cost the 187 governments to clean up pollution under the pledges made for the United Nations climate talks in Paris, which concluded on Saturday. In all, governments will spend $13.5 trillion meeting their goals. If they spent $3 trillion more, it would hold temperature increases to the ceiling they adopted of 2 degrees Celsius (3.6 degrees Fahrenheit).

Read more here: http://www.bloomberg.com/news/articles/2015-12-13/climate-deal-requires-16-5-trillion-investment-to-cut-pollution

About Bloomberg New Energy Finance

Bloomberg New Energy Finance (BNEF) is an industry research firm focused on helping energy professionals generate opportunities. With a team of experts spread across six continents, BNEF provides independent analysis and insight, enabling decision-makers to navigate change in an evolving energy economy.
 
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