As the global population expands to 9 billion by 2050, we are set to spend trillions of dollars on supporting infrastructure that is likely to damage our climate. The good news is that spending more up front on making that infrastructure sustainable will pay off in the long run and provide new growth opportunities.
That’s the conclusion reached by a group of multinational businesses and institutions — called Green Growth Alliance — tasked by the G20 to consider green growth. To make that vision a reality, though, governments would need to spend $130 billion — an amount that could, if well directed, mobilize another $570 billion of private finance, the group argues in a report released this week. Sigue leyendo