World Potential GDP Benefit Under Net Zero Carbon Emissions by 2050

Ensuring a lower-carbon future is not only necessary but also good for the economy, according to the latest climate scenarios from the Network for Greening the Financial System, a group of 127 central banks and financial supervisors working to manage climate risks and boost green investment.

The NGFS data come as world leaders gather in Dubai for the 28th United Nations Climate Change Conference, or COP28, to forge agreement on how to keep the planet from overheating.

As the chart above shows, making an orderly transition to net zero by 2050 could result in global gross domestic product being 7 percent higher than under current policies.