Savings brought by the transition outweigh costs
A USD 33 trillion funding gap stands between the world and its goal of limiting energy related emissions by 2050. The costs for reducing emissions vary by technology and sector, but the incremental costs are significantly lower than the savings achieved by cutting external costs.
While the investment into efficiency, renewables, end-use electrification, power grids, flexibility, hydrogen and innovations may look steep, each dollar invested yields benefits of between USD 2 and USD 5.
In cumulative terms, the additional USD 30 trillion cost implied by the 1.5°C Scenario over the period to 2050 will result in a payback of between USD 61 and USD 164 trillion.