The Scale of the Net Zero Challenge

The Scale of the Net Zero Challenge

Mark Carney

UN Special Envoy on Climate Action and Finance

The price of meeting net zero is estimated to be between $100-150 trillion over the next 30 years. Regardless of this cost, we need to reach net zero before climate change does irreversible damage to the environment and the economy. This video helps us understand the need to reach net zero, outlines the cost of reaching net zero and finally explains where the money will come from.

The price of meeting net zero is estimated to be between $100-150 trillion over the next 30 years. Regardless of this cost, we need to reach net zero before climate change does irreversible damage to the environment and the economy. This video helps us understand the need to reach net zero, outlines the cost of reaching net zero and finally explains where the money will come from.

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The Scale of the Net Zero Challenge

10 mins 18 secs

Overview

The price of meeting net zero is estimated to be between $100-150 trillion over the next 30 years. Regardless of this cost, we need to reach net zero before climate change does irreversible damage to the environment and the economy. However, the scale of this challenge is enormous.

Key learning objectives:

  • Understand why we need to reach net zero

  • Outline the cost of reaching net zero

  • Discuss where the money will come from

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This content is also available as part of a premium, accredited video course. Sign up for a 14-day trial to watch for free.

Summary
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Expert
Mark Carney

Mark Carney

Mark Carney started his career at Goldman Sachs working in their offices across three continents. Following a decade-long career at Goldman Sachs, Mark was appointed Deputy Governor of the Bank of Canada in 2003. In 2004 he became Senior Associate Deputy Minister of Finance, a role he held until he was made governor of the Bank of Canada in 2008. In 2013 Mr Carney accepted the role of governor of the Bank of England, a position he held until 2020. In 2019 he was appointed as UN Special Envoy on Climate Action and Finance by UN Secretary-General António Guterres.

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