This report finds that growth strategies which fail to tackle poverty or climate change will prove to be unsustainable, and vice versa. A common denominator to the success of both agendas is infrastructure development. 

About US$90 trillion in infrastructure investment is needed globally by 2030 to achieve global growth expectations, particularly in developing countries. To achieve this, infrastructure investment needs to be both scaled up and climate objectives need to be integrated due to climate risks. The Global Commission on the Economy and Climate recommends that G20 and other countries adopt key principles ensuring the integration of climate risk and climate objectives in national infrastructure policies and plans. 

This paper Initiative argues that India’s efforts to achieve rapid, inclusive and sustainable development have been hampered in the past by pervasive inefficiencies that arise from market, policy and institutional failures and weaknesses. The paper finds that increased efficiency, investment and innovation can yield major development and environmental benefits: energy systems, agriculture and land use, and cities. 

Countries at all income levels have the opportunity to build lasting economic growth and at the same time reduce the immense risk of climate change. But action is needed now. The Global Commission, advised by some of the world’s leading economists, sets out a ten point Global Action Plan for governments and businesses to secure better growth in a low-carbon economy. 

This note describes the Commission’s assessment of future infrastructure investment needs. It presents projections for a baseline scenario, and the estimated incremental investment required for a low-carbon scenario. It sets out the sources used and provides an overview of the estimates and modelling undertaken by the New Climate Economy (NCE) network.