Working PaperFinanceInfrastructure

Driving Sustainable Development Through Better Infrastructure: Key Elements of a Transformation Program

Amar Bhattacharya, Jeremy Oppenheim, Nicholas Stern

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.

Authors

Amar Bhattacharya Brookings Institute

Jeremy Oppenheim New Climate Economy

Nicholas Stern Grantham Research Institute on Climate Change & the Environment

Overview

July 2015

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. A major expansion of investment in modern, clean, and efficient infrastructure will be essential to attaining the growth and sustainable development objectives that the world is setting for itself. Achieving better infrastructure outcomes will require concerted actions on many fronts. But moving from a business-as-usual approach to better infrastructure can dramatically affect global outcomes on both development and climate.

 

Associated graphics

Figure 2: Global annual investments requirement, 2015 to 2030, $ trillion, constant 2010 dollars

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Figure 4: Proposed annual incremental financing from different sources to close infrastructure gap

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