Net-Zero Asset Owner Alliance calls on governments to unlock $275trn investment opportunity

Political barriers hindering progress

The Net-Zero Asset Owner Alliance (NZAOA) has called on policymakers around the world to remove political barriers it claims are blocking climate investment opportunities.

The UN-backed alliance estimated there will be investment opportunities of up to $275trn by 2050 in an economic transition to 1.5°C scenario, with GDP losses of between $4-6trn by 2050, if governments fail to unlock this potential. NZAOA found key decarbonisation technologies were already "mature, cost-effective and deployed at scale", with clean energy technology set for significant growth in the coming decades, as demand for oil, coal and gas is expected to peak in the 2020s. GFANZ seeks to refine definitions of transition finance and decarbonisation However, the group explained ...