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Financing Climate Futures

Rethinking Infrastructure

Published on November 28, 2018

book
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. 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 digitalisation, can open new pathways to low-emission, resilient futures.

SUMMARIESavailable in 15 languages

English Financing Climate Futures (Summary in English)
French Financement de l’avenir climatique
Spanish Financiar los futuros del clima
German Finanzierung der Klimazukunft
Japanese 未来の気候変動への資金提供
Italian Il finanziamento delle future azioni per il clima
Arabic تمويل مستقبل المناخ
Chinese 为气候的未来融资
Korean 기후 미래에 대한 파이낸싱
Lithuanian Klimato ateities finansavimas
Portuguese Financiamento dos Futuros Climáticos
Russian Механизмы финансирования для будущего климата
Slovak Financovanie budúcnosti klímy
Swedish Klimatfinansiering för framtiden
Turkish Finansal İklim Özellikleri

TABLE OF CONTENTS

Foreword
Acronyms and abbreviations
Executive summary
Climate, infrastructure and finance: An agenda for transformation
Plan infrastructure for a low-emission and resilient future
Unleash innovation to accelerate the transition
Ensure fiscal sustainability for a low-emission, resilient future
Reset the financial system in line with long-term climate risks and opportunities
Rethink development finance for climate
Empower city governments to build low-emission and resilient urban societies
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the FINANCING CLIMATE FUTURES INITIATIVE

PRESS RELEASE

GREEN TALKS ON FINANCING CLIMATE FUTURES

On 29 November, our team presented the key findings from the OECDUN Environment and World Bank Group report Financing Climate Futures: Rethinking Infrastructure, which explores six key transformative areas (planning, innovation, public budgeting, financial systems, development finance, and cities) that will be critical to align financial flows with low-emission and resilient societies and looks at how rapid socio-economic and technological developments, such as digitalisation, can open new pathways to low-emission, resilient futures.