AN UNPRECEDENTED OPPORTUNITY

A recent report by “New Climate Economy” highlights that sustainable infrastructure is the key element in delivering global economic growth and tackling climate change.

Investment in the sector will have long-term effects for years to come, and will be crucial in driving vital reductions in carbon emissions, and implementing the goals set in the Paris Agreement, which will enter into force next month.

The way we are going to shape global public transports, buildings, water supply, sanitation – but also forest landscapes and watershed protection – will in turn determine our economy and our environment, the study suggests.

 

Change in infrastructure spending required for a 2°C scenario (percentage change in expenditure over 2015-2030 compared to Business-as-usual)

 

To achieve a prosperous, net zero emissions future, US$90 trillion of investment worldwide is needed in the next 15 years in the infrastructure sector – more than the entire current stock – almost doubling current expenditure.

In particular, the energy sector is where the biggest opportunities lie: accounting for 28% of the core investments needed, it would save a staggering US$1.1 trillion currently at risk of becoming stranded assets if diverted from its current dependency on coal, now that the Paris Agreement is entering into force.

Read the report here

Read more in the Climate Group article on the report here