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IRENA sets green-world-by-2050 price tag at USD 130 trillion

Global zero emissions will require enormous sums of money from the the world's governments, but savings gleaned both from energy systems as well as climate adaption and health care will offset the expense by multitudes, IRENA concludes.

Photo: Fred. Olsen Windcarrier

One of the problems with climate change is that the challenge is so enormous that it almost transcends human understanding. That also applies to the solution's cost.

In a new report form the International Renewable Energy Agency (IRENA), the price of zero emissions by 2050 is set at USD 130 trillion. According to the organization, that's roughly a third more than the planned cost of the current 2050 scenario, almost half of which consists of investments in fossil energy.

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