Net Zero targets for 2050 are still achievable, but they require investments.

After COP29 in Azerbaijan, meeting the climate targets for 2030 was considered difficult due to insufficient climate financing. Net zero carbon targets by 2050 are still achievable, according to experts, but they also depend on massive investments.

According to the Wood Mackenzie report, the energy transition will require at least US$78 trillion in key areas such as energy, grid infrastructure, critical minerals, and emerging technologies.