Why is #decarbonisation a focus of Innate Innovation? Why do organisations feel the pressure to respond #climatechange?
The McKinsey Global Institute estimates the world needs to spend US $275 trillion between 2021 and 2050 under the NGFS Net Zero 2050 scenario. IEEE Spectrum’s Vaclav Smil provides some simple ways to understand just how significant that investment is...
“By the time the Manhattan Project ended in 1946, it had cost the [USA] nearly US $2 billion, about $33 billion in today’s money, the total equal to only about 0.3% of the 1943-45 [GDP]. When Project Apollo ended in 1972, it had cost about $26 billion, or $207 billion in today’s money; over 12 years it worked out annually to about 0.2% of the country’s 1961-72 GDP.”
“[$275 trillion over 30 years] implies an annual expenditure of about 10% of today’s world economic product.”
That is, systemic decarbonisation is 50 times larger than our endeavour of getting people to the moon! We’re glad to be helping digital innovators play a vital and upfront role! #decarbonization
