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Climate Change

Net-zero goals create trillion-dollar opportunities, IEA says

World Energy Outlook shows Asia-Pacific playing major role in $1.2tn market

TOKYO -- If the world achieves carbon neutrality by 2050, Asia-Pacific would play a major role in a $1.2 trillion global market for selected clean energy technologies, according to a report by the International Energy Agency released on Wednesday.

But to get on track for net-zero carbon dioxide emissions by midcentury, the world must start investing more than triple what it is now to install emission reduction technologies and carry out other tasks. By 2030, the figure would have to be more than $4 trillion, according to the latest World Energy Outlook report.

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