A G20 communique on green finance and new national guidelines on greening China's financial system could help shift investments from high-carbon to low-carbon sectors.
The world spends about $50 billion on restoration and conservation every year. That's about $300 billion less than what's needed.
WASHINGTON (September 5, 2016) — At the G20 summit in China, world leaders announced some commitments to further integrate climate change and clean energy into the economic growth agenda.
The World Bank's new Environmental and Social Framework, four years in the making, is designed to ensure that the approximately $30 billion the bank invests each year goes to projects that are safe for people and the environment. This framework is likely to have an impact on the policies of other development banks and governments around the globe.
Eight Actions for Urban Leaders
With record-breaking temperatures year after year and escalating extreme weather and climate impacts, the need for adaptation has long been apparent. Now it's finally moving beyond urgency into real action on the ground.
New WRI research comparing high-carbon and low-carbon investment in transportation shows that the low-carbon path offers potential savings of $300 billion a year and is within existing financial flows.
This working paper seeks to elucidate the current estimates for transport infrastructure requirements, looking at a series of reports that consider projected global infrastructure needs in the coming few decades, and provide or quote a cost estimate for these needs.
Recent economic research estimates a $4.1 to 4.3 trillion annual investment gap between the urban infrastructure we have and the amount we need. That's why WRI Ross Center for Sustainable Cities, C40 and the Citi Foundation are partnering to help cities around the world accelerate the implementation of low-carbon urban solutions.
WRI President and CEO Andrew Steer revealed 2016's top stories to watch when it comes to the environment, economy and sustainability.