from Zero Hedge
Last week, Bank of America sparked a firestorm of reaction amid both the pro and contra climate change camps, when it published one of its massive “Thematic Research” tomes, this time covering the “Transwarming” World (available to all ZH pro subs), and which serves as a key primer to today’s Net Zero reality, if for no other reason than for being one of the first banks to quantify the cost of the biggest economic, ecologic and social overhaul in modern history.
The bottom line: no less than a stunning $150 trillion in new capital investment would be required to reach a “net zero” world over 30 years – equating to some $5 trillion in annual investments – and amounting to twice current global GDP.