Government Energy Policy, Business and Technology

World needs $90tn infrastructure overhaul to avoid climate disaster, study finds

The Guardian: A gigantic overhaul of the world’s buildings, public transport and energy infrastructure costing trillions of dollars is required if dangerous climate change is to be avoided, according to a major new report.

The study by the Global Commission on the Economy and Climate, which is co-chaired by prominent climate economist Lord Nicholas Stern, found that the world is expected to invest about $90tn in infrastructure over the next 15 years, requiring an “urgent” shift to ensure that this money is spent on low-carbon, energy-efficient projects. Such smart investment over the next two or three years could help ameliorate the climate crisis, but “the window for making the right choices is narrow and closing fast”.

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