The financing required for an orderly transition to a low carbon, resilient global economy must be counted in the trillions, not billions.
- Significant investment in infrastructure is needed over the next 15 years - around US$90 trillion by 2030 – but it does not need to cost much more to ensure that this new infrastructure is compatible with climate goals.
Climate action offers a major opportunity to ensure sustainable global development and boost economic growth. It is already delivering real results in terms of new jobs, economic savings, competitiveness and market opportunities, and improved wellbeing for people worldwide with even greater investment, innovation, and growth potential ahead.
- The IFC estimates that the NDCs of 21 emerging market economies alone represent $23 trillion by 2030 in investment opportunities.
- Overall, a shift to low-carbon, resilient economies could translate into $26 trillion in global economic benefits through to 2030.
Concessional climate finance is critical to supporting developing countries to build resilience to worsening climate impacts and to catalyzing private sector climate investment.
Last Updated: Apr 02, 2019