Summary of Driving Sustainable Development Through Better Infrastructure

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Combating climate change and eliminating poverty in the developing world may not instantly seem connected, but they share a common link: infrastructure development. In this timely report from the Brookings Institution, Amar Bhattacharya, Jeremy Oppenheim and Lord Nicholas Stern identify problems with current financing models for developing sustainable infrastructure and offer practical alternatives. getAbstract recommends this critical analysis to everyone involved in global finance, social and environmental sustainability, urban development, and public policy.

In this summary, you will learn

  • Why increasing investment in infrastructure is necessary to combat climate change and meet global development goals;
  • Why the current financing model is broken; and
  • How the combination of private investment, mobilization by development banks, and support from “official development assistance” and international funds can close the funding gap.
 

About the Authors

Amar Bhattacharya is a senior fellow at the Brookings Institution. Jeremy Oppenheim is chair of the New Climate Economy Project. Lord Nicholas Stern is a professor at the London School of Economics.

 

Summary

To combat climate change and meet global development goals, governments must increase their investments in socially, economically and environmentally sustainable infrastructure. Better public transportation, for example, means more employment opportunities for those on low incomes, as well as cleaner air for everyone. Unfortunately, a broken financing model is preventing the needed increase in global investment in sustainable infrastructure. Poor government planning and corruption limit public investment, which raises risks and adds constraints for private investors to whom investment might otherwise be attractive.

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