The report by Citi Global Perspectives & Solutions (Citi GPS, a division of CitiGroup) assesses the economic costs and benefits of a low-carbon future. Citi forecasts that the sums of money to be spent on energy (both capital expenditure and fuel) over the next quarter century will be around $200 trillion. The report outlines two scenarios: a business as usual or ‘Inaction’ on climate change scenario, and a different energy mix that offers a lower carbon alternative. The report finds that out to 2040 the ‘Action’ scenario results in an undiscounted saving of $1.8 trillion over the period.
Read more on Citi GPS webpage.