Asia’s race to net-zero carbon: $12.4 trillion and counting
Asia emits half the world's carbon dioxide, but China, Japan and South Korea are now embarking on net-zero carbon plans. How much is this going to cost in terms of new electricity generation capacity? We estimate $12.4tr for just the transport sector alone. Download our major new report below
Executive summary
In our major new report, "Asia's race to net-zero carbon", we have taken the three Asian economies that have made firm commitments to achieving a net-zero carbon future, China, Japan and South Korea, and estimated a portion of the costs that achieving that will involve.
Our note zooms in on the costs of supplying a new generation of net-zero carbon transport with the clean and green electricity it will need if these targets are to be met.
We estimate that even this small part of the transition process will cost these economies $12.4tr to achieve. It's a huge amount but the sums look more manageable if things were started right now and spread over the next thirty to forty years.
We look at the different forms of transport that will play a part in a net-zero carbon future and how they offer very different opportunities and costs. And we dive deeply into the economies of China, Japan and South Korea to understand just what's at stake and at what cost.
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6 September 2021
Asia’s race to net-zero: 12.4 trillion dollars and counting This bundle contains 6 Articles
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