Infrastructure worldwide has suffered from chronic under-investment for decades and currently makes up more than 60% of greenhouse gas emissions. A deep transformation of existing infrastructure systems is needed for both climate and development, one that includes systemic conceptual and behavioral changes in the ways in which we manage and govern our societies and economies. This report is a joint effort by the OECD, UN Environment and the World Bank Group, supported by the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety. It focuses on how governments can move beyond the current incremental approach to climate action and more effectively align financial flows with climate and development priorities. The report explores six key transformative areas that will be critical to align financial flows with low-emission and resilient societies (planning, innovation, public budgeting, financial systems, development finance, and cities) and looks at how rapid socio-economic and technological developments, such as digitalization, can open new pathways to low-emission, resilient futures.

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Information

Publisher

World Bank

Year

2018

ISBN

9789264308107

Topic

Economics

Subtopic

Sustainable Development

Index

Economics

Foreword
Acknowledgements
Table of contents
Acronyms and abbreviations
Executive Summary
Chapter 1 Climate, infrastructure and finance: An agenda for transformation
Chapter 2 Plan infrastructure for a low-emission and resilient future
Chapter 3 Unleash innovation to accelerate the transition
Chapter 4 Ensure fiscal sustainability for a low-emission, resilient future
Chapter 5 Reset the financial system in line with long-term climate risks and opportunities
Chapter 6 Rethink development finance for climate
Chapter 7 Empower city governments to build low-emission and resilient urban societies