Reaching net zero will cost billions more due to interest rate rises

The world’s inexperienced vitality transition, which is important to reaching net-zero emissions and halting local weather change, is underneath risk, as a monetary period of rising rates of interest has made some tasks, like new offshore wind farms, unaffordable. Estimates recommend that Europe should now discover a further €163 billion to achieve internet zero by 2050, with figures more likely to be comparable elsewhere on this planet.

Over the previous 15 years, rates of interest have been unusually low, making low cost …