Financing the Green Economy
According to new estimates that will be presented at this year’s World Economic Forum meeting in Davos, $100 trillion is needed by 2030 to finance infrastructure needs worldwide. Failure to green this investment will reduce economic growth, increase systemic risk, deepen inequality, and fuel social unrest.
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BEIJING – According to new estimates that will be presented at this year’s World Economic Forum meeting in Davos, $100 trillion is needed by 2030 to finance infrastructure needs worldwide. This investment needs to be greened – its design and use must rely on less carbon and fewer natural resources – if we are to avoid an unsustainable increase in global temperatures of four degrees Celsius or more in the coming decades.