World Economic Forum Report Anticipates $13.5 Trillion to Transition to a More Sustainable Future
According to the World Economic Forum Net-Zero Tracker 2023 report, transitioning to a more sustainable and carbon-neutral future, $13.5 trillion in investments will be needed by 2050, particularly in the production, energy, and transport sectors.
The Net-Zero Industry Tracker 2023, published in collaboration with Accenture, takes stock of progress towards net-zero emissions for eight industries: steel, cement, aluminum, ammonia, oil and gas, aviation, and shipping and trucking. These industries depend on fossil fuels for 90% of their energy demand and pose some of the most technological and capital-intensive decarbonization challenges.