Energy transition: No pain, no gain

Wind Industry Profile of

Report sees short-term net-zero pain for longer-term gain

The world has the means, motive and opportunity to cap global warming to the 1.5°C limit agreed in the Paris Climate Accord, new research released today by Wood Mackenzie, a Verisk company (Nasdaq: VRSK) shows. But there will be tangible economic implications of an accelerated energy transition. While global economic output is likely to take a hit until 2050, it could be recoverable by the end of the century, according to Wood Mackenzie’s report, No Pain, No Gain: The economic consequences of accelerating the energy transition. Peter Martin, Wood... ... More: Official Press Release Wood Mackenzie

Keywords:

Wood Mackenzie, net zero, GDP, gain, energy transition, developed countries, economy, hit, target, climate target, research, report