New technologies to fight climate change

Morgan Stanley has published a list of five emerging technologies that could fight climate change.

In a new report by Morgan Stanley Research the bank has highlighted five decarbonization technologies: renewables, electric vehicles, hydrogen, carbon capture and storage, and biofuels. The bank says that achieving net zero emissions will require $50 trillion in investment by 2050 and the adoption of these technologies could remove 25Gt of carbon emissions annually by 2050. Jessica Alsford, Head of Sustainability Research for Morgan Stanley says, “With potentially $3 trillion to $10 trillion of earnings before interest and taxes up for grabs, decarbonization could present a material economic and humanitarian opportunity”.