Financing climate futures: rethinking infrastructure

With high-carbon infrastructure responsible for the majority of global greenhouse gas emissions, serious and rapid investment in sustainable upgrades and alternatives is needed to limit climate change, according to new research. A summary of an upcoming UN Environment, OECD and World Bank Group report, Financing Climate Futures: Rethinking Infrastructure, lays out six ways to bring public and private financial flows in line with the Paris Agreement goals, in particular in infrastructure finance. Financing Climate Futures says governments must adopt a more transformative agenda on financing for a low-carbon future to meet the Paris temperature goals by peaking CO2 emissions as soon as possible and then bringing them down to net zero or lower in the second half of the century.