A “great reallocation” of spending is needed to achieve a net-zero economy by 2050, modelling by Deloitte Access Economics shows.Some $20 trillion in forecast investments by Australian governments and industry by 2050 needs to be spent differently to get to net-zero greenhouse gas emissions, according to a report released on Thursday.But it is a transformation that Australia can afford, the research commissioned by the National Australia Bank shows.

Climate for ‘great reallocation’: Deloitte – Michael West