Towards a comprehensive approach to climate policy, sustainable infrastructure, and finance

Abstract

The authors propose a policy package of low-carbon growth stimulation through a steep increase in sustainable infrastructure, mobilizing sustainable finance, and adoption of carbon pricing to simultaneously achieve the objectives of the Paris Agreement and the Sustainable Development Goals.(Published as Global Solutions Paper) JEL D62 E62 H21 H22

Innovation input, governance and climate change: Evidence from emerging countries

“…The evidence suggests that for every one-degree centigrade increase in temperature, an emerging country can expect economic growth to drop by about 1.3 percentage points. Consequently, rapidly scaling up of low-carbon and climate-resilient infrastructure is not just key for meeting climate goals, but also for ensuring sustainable development and inclusive economic growth (Bak et al, 2017).…”

Innovative green-technology SMEs as an opportunity to promote financial de-risking

“…G20 countries now provide roughly $444 billion a year in subsidies for the production of fossil fuels (Bast et al 2015). In addition to the recommendations put forward in Bak et al (2017), which include, for instance, dismantling fossil fuel subsidies and the establishment of a tax on carbon emissions, we focus here on the key challenges for, and role of, innovative, low-carbon SMEs. Note also that SMEs wanting to reduce GHG emissions from their own operations must simultaneously open both the innovation and financing windows.…”

What makes people act climate-friendly? A decision-making path model for designing effective climate change policies

“…Investments in sustainable or green infrastructures are crucial to meet the set climate targets [60,61] and to enable people to make climate-friendly choices. To deliver this infrastructure there is a need to strengthen and reorient investment strategies [60].…”