Transcribed

Cumulative change in world investment by sector in the 450 Scenario relative to the New Policies Scenario, 2012-2035

Figure 1.20 Cumulative change in world investment by sector in the 450 Scenario relative to the New Policies Scenario, 2012-2035 3. Transport Buildings Power plants Industry Biofuels supply Note: Investment in power plants increases, but investment for transmission and distribution (not shown here) declines by a cumulative total of around $1.2 trillion over the period. Trillion dollars (2011)

Cumulative change in world investment by sector in the 450 Scenario relative to the New Policies Scenario, 2012-2035

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Transport requires the largest cumulative additional investment in the 450 Scenario, relative to the New Policies Scenario - $6.3 trillion (Figure 1.20). Most of this is directed towards the purchase ... of more efficient or alternative vehicles. The buildings sector requires $4.4 trillion in cumulative additional investment, but this reflects investment that both delivers direct abatement from buildings and indirect abatement through reduced electricity demand. The decarbonisation of the power sector requires a net additional $2.0 trillion, after accounting for the lower investment need for transmission and distribution lines. More than 80% of the additional investment in electricity generation goes to renewables-based technologies. Industry invests an additional $1.5 trillion, around one-quarter of it directed to CCS. ----- Note: Investment in power plants increases, but investment for transmission and distribution (not shown here) declines by a cumulative total of around $1.2 trillion over the period.