News Formal

Bank of America: The carbon offset market will grow 50 times to meet 2050 net-zero emissions goals

  • 📰 CNBC
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

A new research report published by Bank of America says the carbon offset market may need to grow by 50 times to meet 2050 net-zero emissions goals.

The carbon offset market may grow by as much as 50 times if companies are going to meet their 2050 net zero greenhouse gas emissions goals, according to a new report from Bank of America.

Achieving net zero energy emissions by 2050 will demand approximately 7.6 gigatons of carbon dioxide offsets or removal, Bank of America said.Ognen Teofilovski | Reuters

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

$CLNE

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines