A significant amount of investment will be required to support the global transition over the next 30 years and it is predicted that the private sector will need to fund a large portion of this1. In 2021, the International Energy Agency indicated that carbon prices in developed countries will rise to an average of US$250 per tonne of CO2, under a scenario in which the world achieves Net Zero emissions
by 2050. Therefore, the full cost of carbon is not appropriately reflected for capital markets
pricing in a net zero world.
