How reaching net zero could cut global fuel costs by $1tr a year

James Murray
clock • 8 min read
How reaching net zero could cut global fuel costs by $1tr a year

New modelling from BloombergNEF suggests investing just 0.7 per cent of GDP in the net zero transition could unlock huge financial savings - and avert a rolling climate crisis

The debate over the costs and benefits of the global net zero transition is unlikely to ever be resolved. There are simply too many different variables and competing scenarios for anyone to calculate the...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Energy

Leading firms sign joint commitment to decarbonise electrical supply chains

Leading firms sign joint commitment to decarbonise electrical supply chains

Companies from UK's energy, transport, and built environment sectors back new BEAMA net zero framework

Stuart Stone
clock 24 March 2026 • 3 min read
Survey: Confidence slips in carbon intensive industries' ability to meet net zero goals

Survey: Confidence slips in carbon intensive industries' ability to meet net zero goals

Poll of over 800 executives carried out before Iran War reveals widespread belief oil demand will keep rising for the foreseeable future

Michael Holder
clock 23 March 2026 • 4 min read
IEA warns global economy facing unprecedented energy crisis

IEA warns global economy facing unprecedented energy crisis

International Energy Agency claims world is facing three energy crises in one, as it urges governments, businesses, and households to adopt energy-saving measures

James Murray
clock 23 March 2026 • 6 min read