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.
On 29 November, our team presented the key findings from the above OECD, UN Environment and World Bank Group report 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.