The results from Just in Time, our latest report on financing a just transition to net zero, are clear: Emerging markets need to invest an additional USD94.8 trillion1 – a sum higher than annual global GDP2 – to transition to net zero in time to meet long-term global warming targets. The private sector can play an important part here by taking the lead to both introduce innovation and broaden an understanding of the consequences for people and the planet.
1 All absolute monetary values given in the report are in 2021 prices.
2 “The world GDP, comprising 194 economies, in 2021 is projected around US$93.86 trillion in nominal terms, according to the IMF” https://www.imf.org/en/Publications/WEO/weo-database/2021/April/weo-report
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