Countries can unlock new economic opportunities and jobs through climate action.
- Investing in resilient infrastructure in developing countries could deliver $4.2 trillion over the lifetime of new infrastructure. An investment of $1, on average, yields $4 in benefits.
- Making infrastructure more resilient avoids costly repairs and minimizes the wide-ranging consequences of natural disasters for the livelihoods and well-being of people.
- A shift to low-carbon, resilient economies could create over 65 million net new jobs globally out to 2030.
- The IFC estimates that the NDCs of 21 emerging market economies alone represent $23 trillion by 2030 in investment opportunities.
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.
- In a number of developing countries, concessional finance such as that from the Climate Investment Funds has been shown to accelerate the point at which renewables become cost-competitive with fossil fuels—in some cases fast-tracking these critical “tipping points” by up to four years.
Last Updated: Oct 04, 2019