In the past 2 years, the European Union and the United States announced plans to spend $573 and $391 billion, respectively, through 2030 on climate actions (1) and passed landmark legislation such as the US Inflation Reduction Act (2). Although unprecedented in size and scope, these combined investments of $964 billion pale in comparison to the more than $4 trillion in global clean energy investment needed annually by 2030 to stay on track for net zero greenhouse gas emissions by 2050 (3…
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