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EU must invest about €1.5tn a year to meet net zero targets, says Brussels (www.ft.com)

submitted 9 months ago by [email protected] to c/[email protected]

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[–] [email protected] 7 points 9 months ago (2 children)

tn = trillion (10^12^), so € 1 500 000 000 000

[–] [email protected] 5 points 9 months ago* (last edited 9 months ago) (1 children)

That averages out to an easy 55 billion a country. I'm sure this will happen.

Or does this include private investments?

[–] [email protected] 3 points 9 months ago* (last edited 9 months ago)

And in the same time they will save (also in the article) 2.8 trillion (or 100 billion on average per country) in fossil fuel imports and 2.5 trillion (or 90 billion per country) in prevented damages.

So I'd call this a great bargain...

Now, we only need to explain them the obvious: Who starts early will get a higher share of the savings.

[–] [email protected] 2 points 9 months ago

I first thought in long scale, then it would be 1.5 * 10^18^. That would be a bit too much though.