Can a couple trillion dollars feel small?
Global investments in the energy transition – from the buildout of factories and power projects to project finance and government debt – hit nearly $1.8 trillion last year.
That’s almost as big as the GDP of South Korea. It’s nearly 20% more than the year before, and nearly eight times more than a decade ago. But even with those record levels of spending, we are astonishingly behind what’s needed to stay on a net-zero trajectory this decade.
This week, we’ll talk about what’s growing, what’s lagging, and what the trillion-dollar scale means at the ground level.
Then, geoengineering is nudging closer to the mainstream of scientific and environmental discourse. Are we giving up, or just being realistic?
Katherine Hamilton of 38 North and Shalini Ramanathan of Quinbrook Infrastructure Partners join us this week to sift through these trends.
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