Zero carbon economy to create substantial wealth
Professor Martina Linnenluecke tells Investor Daily that a move to clean energy requires a substantial up-front investment paid out over a number of years. Macquarie University research shows for a 66 per cent clean energy penetration by 2050, there is a US$170 billion upfront investment at the beginning of the discovery stage and a further US$1.327 trillion investment at the beginning of the seven-year commercialization stage.
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