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Financing Climate Futures

Author

Listed:
  • OECD
  • World Bank
  • UN Environment

Abstract

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 behavioral 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 digitalization, can open new pathways to low-emission, resilient futures.

Suggested Citation

  • OECD & World Bank & UN Environment, 2018. "Financing Climate Futures," World Bank Publications - Books, The World Bank Group, number 32517, December.
    • Handle: RePEc:wbk:wbpubs:32517
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    File URL: https://openknowledge.worldbank.org/bitstream/handle/10986/32517/9789264308114.pdf?sequence=1
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    Citations

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    Cited by:

    1. John Beirne & Nuobu Renzhi & Ulrich Volz, 2021. "Bracing for the Typhoon: Climate change and sovereign risk in Southeast Asia," Sustainable Development, John Wiley & Sons, Ltd., vol. 29(3), pages 537-551, May.
    2. Peterson K. Ozili, 2023. "Determinants of FinTech and BigTech lending: the role of financial inclusion and financial development," Journal of Economic Analysis, Anser Press, vol. 2(3), pages 66-79, May.
    3. Mohamed Amine Boutabba & Yves Rannou, 2020. "Investor strategies and Liquidity Premia in the European Green Bond market," Post-Print hal-02544451, HAL.
    4. Shannon Johnson, 2021. "Discourse and Practice of REDD+ in Ghana and the Expansion of State Power," Sustainability, MDPI, vol. 13(20), pages 1-21, October.
    5. Mark B. Glick & Eileen Peppard & Wendy Meguro, 2021. "Analysis of Methodology for Scaling up Building Retrofits: Is There a Role for Virtual Energy Audits?—A First Step in Hawai’i, USA," Energies, MDPI, vol. 14(18), pages 1-14, September.
    6. Adedoyin, Festus Fatai & Bekun, Festus Victor & Hossain, Md. Emran & Ofori, Elvis kwame & Gyamfi, Bright Akwasi & Haseki, Murat Ismet, 2023. "Glasgow climate change conference (COP26) and its implications in sub-Sahara Africa economies," Renewable Energy, Elsevier, vol. 206(C), pages 214-222.
    7. King, Elizabeth M. & Randolph, Hannah L. & Floro, Maria S. & Suh, Jooyeoun, 2021. "Demographic, health, and economic transitions and the future care burden," World Development, Elsevier, vol. 140(C).
    8. Sugey de Jesús López Pérez & Xavier Vence, 2021. "When Harmful Tax Expenditure Prevails over Environmental Tax: An Assessment on the 2014 Mexican Fiscal Reform," Sustainability, MDPI, vol. 13(20), pages 1-17, October.

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