WHICH IS WHY YOU KEEP THE PRICE OF GAS EXTORTIONATE:

First, the transition would be universal. Every country and economic sector contributes to GHG emissions, directly or indirectly. Getting to net zero thus means that transformation has to happen everywhere. And, given the interdependence of energy and land-use systems, coordination will be essential. The adoption of electric vehicles (EVs), for example, will lead to significant emissions reductions only if the electricity used to power them comes from low-emissions sources.

Second, a successful net-zero transition would entail significant economic shifts. We estimate that getting to net zero would require $275 trillion in capital spending on physical assets by 2050 - an average of $9.2 trillion per year. That is $3.5 trillion per year more than is currently being invested today. Expected increases in spending as incomes and populations grow, and transition policies that are already legislated, narrows the gap, but the required rise in annual spending would still be about $1 trillion. [...]

The net-zero transition's fifth characteristic is that it is exposed to short-term risks, including worker dislocation and stranded assets. We estimate that, in the power sector, $2.1 trillion worth of assets could be retired or underutilized between now and 2050. And if the deployment of low-emissions technologies does not keep pace with the decommissioning of high-emission technologies, there could be shortages and price spikes, potentially eroding support for the transition.

At the same time, the net-zero transition holds major opportunities - the sixth key characteristic. For companies, decarbonization could make existing processes and products more cost-effective, and new markets for low-emissions goods will become increasingly lucrative.

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