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 BloombergNEF

BloombergNEF (BNEF) is a strategic research provider covering global commodity markets and the disruptive technologies driving the transition to a low-carbon economy. Our expert coverage assesses pathways for the power, transport, industry, buildings and agriculture sectors to adapt to the energy transition. We help commodity trading, corporate strategy, finance and policy professionals navigate change and generate opportunities.
 
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