Net Zero By 2050 Might Cost The World $78 Trillion, Wood Mackenzie Estimates
Portfolio Pulse from Stjepan Kalinic
The transition to net-zero emissions by 2050 could cost $78 trillion, according to Wood Mackenzie. The report outlines four pathways for energy transition, emphasizing the need for substantial investments in renewable energy and critical minerals. iShares Global Clean Energy ETF (ICLN) is down 16.12% year-to-date, reflecting challenges in the clean energy sector.
October 30, 2024 | 11:28 am
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NEGATIVE IMPACT
iShares Global Clean Energy ETF, which tracks clean energy companies, is down 16.12% year-to-date. This reflects the challenges faced by the clean energy sector, including supply chain issues, regulatory hurdles, and the need for critical minerals.
The ETF's decline indicates investor concerns about the clean energy sector's ability to overcome supply chain and regulatory challenges. The need for critical minerals and geopolitical issues further complicate the sector's growth prospects.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80