It is estimated that the transition to net zero emissions in the world by 2050 will create new industries at the cost of 10.3 trillion dollars.
According to a report by London-based sustainable development consultancy Arup and economic consultancy firm Oxford Economics, new technologies and expertise are emerging to deal with the global climate crisis, which is becoming more worrying every year.
The report, which was prepared after a year of work by Arup and Oxford Economics, aims to explain the opportunities offered by a green economy to governments, investors and the public.
According to the report, which states that green economy will come to the fore even more in the future, strategic economic policies to be determined in the transition to green economy are valuable.
The report included the following words:
“Economic activities need to be freed from the negative effects that they will have on the environment. Thus, the global economy can enter a more sustainable process. This can be achieved by protecting not only the environment but also economic welfare from the damaging effects of global warming. Mitigating climate change is valuable and basically requires moving away from fossil fuel-based power use. “
Pointing out that the transition to sustainable environment and green economy creates great opportunities in the global economy until 2050, the report stated that the transition to pure power will increase competition in all industries.
“The transition to net zero emissions by 2050 will create new industries that will contribute to the global economy at a cost of $10.3 trillion. This measure is the gross domestic product of electric vehicle manufacturing, renewable power generation, pure power equipment manufacturing, renewable fuels, and green finance,” the report said. It also includes its direct contribution to the domestic product.” assessment was included.
