Breakthrough Energy CTO: Decarbonization Would Cost $7.5 Trillion
Start here
Eric Toone, chief technical officer of Breakthrough Energy, said in a keynote at the MIT Energy Initiative's Energizing@MIT conference that decarbonizing the global economy would cost about $7.5 trillion, roughly 5 percent of global GDP, but that people are unwilling to pay a green premium. Toone pointed to his firm's own investing as evidence of progress: Breakthrough Energy Ventures has put about $3 billion into roughly 140 companies. One of them, Luxwall, makes insulating windows that delivered 30 percent energy savings in a single commercial building, according to the account.
Generated from reports · updated 1 h ago
Report timeline
Follow the reports to see the event from different sides.
- MIT NewsBreakthrough Energy CTO Eric Toone on the Cost of Decarbonization
Eric Toone, chief technical officer of Breakthrough Energy, said at the MIT Energy Initiative's Energizing@MIT conference that decarbonizing the global economy would cost about $7.5 trillion, roughly 5 percent of global GDP, but that people are unwilling to pay a green premium. Breakthrough Energy Ventures has deployed about $3 billion into about 140 companies, including Luxwall, whose insulating windows delivered 30 percent energy savings in one commercial building.
Heat for this event
Not enough continuous observations yet to draw a trend.