COP27 tracking | net to achieve zero emissions, low carbon energy total investment will need far more than fossil fuels

The BNEF analysis shows that total investment in low-carbon energy will need to greatly exceed investment in fossil fuels if the world is to achieve net zero emissions in 2050. Using seven climate scenarios from the International Energy Agency, the Intergovernmental Panel on Climate Change and the Financial System Greening Network, BNEF calculates that low-carbon supply investment would need to be at least four times higher than fossil fuels if the target were to be met. However, while investment in oil, gas and coal will all decline over the next three years, fossil fuels will still play a role in areas that are hard to weaken, especially in developing countries.