$350 trillion to save the planet is a bargain

Fighting climate change boils down to rewiring the globe’s energy system. (Image: Christopher Furlong/Getty)

Sat, 01 Jun 2024

By Mark Gongloff and Liam Denning If you’ve ever carried a credit card balance, you know the pain of watching interest charges accumulate, turning what was once a high but manageable expense into an express ticket to bankruptcy. The clean-energy transition is kind of like this: The longer we delay paying for it, the more crushing the cost will become. BloombergNEF’s latest New Energy Outlook, a 250-page State of the Transition address, estimates the world must invest US$215 trillion (NZ$350tn) by 2050 to zero out car...

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