World Bank urges $30tn investment to meet 2050 emissions targets

The World Bank has called for an additional $30 trillion investment to achieve global net-zero emissions goals by 2050. In its “Net-Zero Industry Tracker 2024 Edition” report released on Friday, the global financial institution emphasised that without this significant capital injection, efforts to decarbonise hard-to-abate industries such as cement, steel, aviation, and heavy manufacturing could