India needs to invest $13 tn to reach net zero by 2050

India currently produces about 70% of its electricity from coal, and the same fossil fuel underpins a range of heavy industries, such as steel, and cement. India will need to invest $12.7 trillion in its energy system, or more than three times its gross domestic product, to reach net zero emissions by mid-century and help

Global fossil fuel use to skyrocket before falling

A new climate study by BloombergNEF (BNEF) shows that there might be hope for reparative action, even though it might take slightly longer. The 2022 BNEF New Energy Outlook report assesses how the energy systems of nine critical countries that make up 63% of global emissions will likely progress in two scenarios in the coming

Carbon offset credits set to soar on net zero ambitions

The price of carbon offsets – widely used by those seeking to counterbalance their pollution – is expected to rise by as much as 4800 per cent by 2050, as major emitters scramble to meet net zero targets. Carbon offsets were in 2020 being sold for about $US2.50 a tonne but with many countries pledging