How Much Does It Cost to Green the Global Economy؟

The Costly Deception

Greening the global economy turns out to be far cheaper than commonly perceived. The Economist, based on the opinions of a range of economists, consultants, and other researchers, has assessed the global cost of the “energy transition” and the shift toward net-zero emissions—assessments that usually serve as a basis for policymaking. These estimates range from around $3 trillion per year to about $12 trillion per year, which is indeed an extremely high figure. However, there are four reasons why these numbers may appear exaggerated.

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