Driving sustainable development through better infrastructure: Key elements of a transformation program

Authors :
Amar Bhattacharya, Jeremy Oppenheim, Nicholas Stern
Organisation:
Brookings Institution, New Climate Economy (NCE), London School of Economics and Political Science (LSE), Grantham Research Institute on Climate Change and the Environment

This paper has been developed to inform discussions on smart infrastructure development and financing as part of the sustainable development goals (SDGs) and climate processes in 2015. The article is designed to respond to five questions. First, why is a major increase in investments in better infrastructure essential to both development and climate goals? Second, what is holding back this investment? Third, how can the deployment of private capital into infrastructure investment be doubled? Fourth, what is the distinctive role of development banks in closing the infrastructure investment and financing gap? Fifth, how can official development assistance and climate finance reinforce each other?

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