Warming costs.

Global Consultancy Wood Mackenzie says the cost estimate to decarbonize the energy sector has escalated to $2.7 trillion/year if the world is to meet the 1.5 degrees Celsius goal.

With the latest price tag estimate showing a 150% increase, finding a solution at the upcoming UN COP28 meeting to pay for the energy transition takes on added significance.

Amena H. Saiyid

Washington D.C. Correspondent