The global community has an unprecedented opportunity. Momentum is already building – technological innovation, new economic trends and political commitments are all coming together – towards a low-carbon future. But the pace of change needs to be accelerated to stimulate further and better quality growth and reduce climate risks.
This July 2015 report from the Global Commission on the Economy and Climate provides 10 practical recommendations that will boost economic growth and reduce climate risk. These recommendations could deliver up to 96% of the emissions reductions required by 2030 to keep out planet on a pathway to keep global warming under 2 degrees Celsius. The report highlights the criticality of cooperation between the public and private sectors and the importance of sustainable infrastructure for growth in developing countries, making it a priority for international financing, particularly by national and international DFIs. These institutions can help to tackle market failures in the provision of private finance, for example by providing guarantees and other instruments to reduce policy or technical risks, by providing technical assistance and sharing best practices.