While emerging markets will have to stump up more than halfAround a third of this will have to come from Europe and the US$100trn needed to meet net zero goals by 2050, according to BNY MellonA further $100trillion will be needed to meet global net zero goals by 2050, according to a new report by BNY Mellon Investment Management. The global economy is currently behind schedule in reaching its 2050 net zero goals and complying with the Paris climate goal of limiting global warming by at least 2 degrees. Despite the recent interest in ESG investing, the global economy is behind schedule in reaching its net zero goalsShamik Dhar, chief economist at BNY Mellon Investment Management, said: 'Achieving net zero by 2050 will require transformational investment, but it is attainable. However these sectors are being shunned by investors over climate-related concerns, including their relatively high share of carbon emissions and concerns over the transition. This is where the biggest transition opportunities for investors lie.'

Source: Daily Mail October 25, 2022 22:27 UTC