The World Economic Forum has estimated that the transition to a nature positive economy could deliver $10.1 trillion of annual global business opportunities and 395 million jobs by 2030.
PWC suggest that in the North East, Net Zero could deliver £1.9bn economic uplift and 27,000 jobs by 2050. Therefore, addressing the financial, commercial and investment opportunities and challenges is fundamental in the drive to decarbonise and grow the economy, but it is hugely complex and challenging.
As the Government acknowledges in the Net Zero strategy, “the scale of the net zero challenges, and persistent market failures mean that public intervention is needed.”
The necessity to unlock long term public and private investment is essential to both commercialise and accelerate technologies and markets, and to also change consumer behaviours.