Investment of $1tn a year needed for 2030 climate goals, report finds

Annual investments of about $1tn in renewable power and up to $130bn in hydrogen by 2030 are needed to avoid the catastrophic effects of climate change, a landmark report on behalf of 45 world leaders concludes.

The report calculated the world would need to add four times the amount of renewable energy that was deployed in 2021 every year by 2030, and drastically scale up hydrogen production to reach net zero emissions and stem global…