
A Global Just Transition — For Whom?
Climate One
00:00
Energy Transition - Where Will the Money Come From?
$5 trillion is how much money we would need for the transition by 2030. The more conservative number has come from the World Bank, which is about a trillion dollars per year now. There is a magnitude of a half a trillion dollar gap right now and it's going to increase exponentially as we go. But if you look at the global finance, Greg, the only place this amount of money can come from is actually a massive infusion of private capital into the transition because there's not enough public capital.
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