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Price tag of a liveable climate is $9.2 trn per year, says McKinsey

The research identified 44 U.S. counties where more than 10% of jobs depend on fossil-fuel industries or carmakers

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A new analysis from McKinsey & Co. estimates that the investment, in new infrastructure and systems, needed to meet international climate goals could be $9.2 trillion a year annually through 2050. That’s at least $3.5 trillion more a year than the world is currently laying out for both low-carbon and fossil-fuel infrastructure and changes in how people use land. 

McKinsey analysts wanted a sense of how much investment would be necessary, and what behavioral changes would be required, to slash the impact of greenhouse gas pollution to zero by 2050, in alignment with scientific guidance and the Paris Agreement. Their findings

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First Published: Jan 25 2022 | 11:29 PM IST

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