Posted on : October 25, 2018
Views : 4
Category : Sustainability
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 behavioural changes in the ways in which we manage and govern our societies and economies. The OECD, UN Environment and the World Bank Group “Financing Climate Futures: Rethinking Infrastructure” initiative 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. It explores six key transformative areas that will be critical to align financial flows with low-emission and resilient societies (planning, innovation, budgeting, private finance, development finance, and cities) and looks at how rapid socio-economic and technological developments, such as digitalisation, can open new pathways to low-emission, resilient futures.