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AAP
AAP
Business
Prashant Mehra

CBA predicts $3 trillion cost for net zero

CBA's latest progress report has been heavily criticised by climate activists. (Diego Fedele/AAP PHOTOS) (AAP)

Commonwealth Bank says Australia is well positioned to capture the many opportunities of transitioning to a net zero emissions economy but this will require investment of up to $3 trillion by 2050.

The country's biggest lender on Wednesday released its latest Climate Report for 2022 outlining its progress in financed emissions targets for four priority sectors consistent with limiting global warming to 1.5C.

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