Report highlights investment in infrastructure needs
According to the Global Commission on the Economy and Climate, over the next 15 years, US$90 trillion needs to be invested in infrastructure. As a result, it calls on governments and finance institutions to scale up and shift investment for sustainable infrastructure as a fundamental strategy to spur growth.
- Enhances access to basic services
- Promotes environmental sustainability
- Supports inclusive growth
Tackle fundamental price distortions through fossil fuel subsidy reform and carbon pricing. Fossil fuel subsidies amounted to around US$550 billion in 2014, skewing investment away from sustainable options;
Strengthen policy frameworks and institutional capacities. Better planning and governance can ensure the right projects are selected in the first place, and the right financing is used at the right time;
Transform the financial system through new tools like green bonds and green investment banking, and by greening the existing financial system, including through corporate climate risk disclosure;
Ramp up investments in innovation and deployment of clean technologies to reduce the upfront costs of sustainable infrastructure.