In a bid to achieve a net-zero emission target, the World Economic Forum has disclosed that $13.5 trillion investment is needed to decarbonize key industries and achieve the net-zero target.
WEF disclosed this in the ‘The Net-Zero Industry Tracker 2023’, released on Tuesday in collaboration with Accenture.
The report took stock of the progress of net-zero emissions for eight industries, including steel, cement, aluminium, ammonia, excluding other chemicals, oil and gas, aviation, shipping and trucking – which depend on fossil fuels for 90 per cent of the energy demand.
