Good Idea, Guys! UNEP, OECD, World Bank Call For "Radical Shift", Trillions For "Resilient" Growth

[hatrack]

It's almost 20 Fucking 19 and the best they can do is call for more "growth"? Oh, bravo.

EDIT

In delivering a new report — entitled Financing Climate Futures: Rethinking Infrastructure — to the G20 Summit in Buenos Aires, Argentina, the three international organizations — the Organization for Economic Co-operation and Development, United Nations Environmental Program (UNEP/UN Environment), and the World Bank Group — made it clear to attendants that governments need to adopt a more transformative agenda on low-carbon, climate-resilient investments if the planet is to meet the goals of Paris Climate Agreement.

The report itself is a response to an invitation from the 2017 G20 Hamburg Climate and Energy Action Plan to the three organizations to document public and private activities for making financial flows consistent with the goals of the Paris Agreement. The report also follows on from the 2017 OECD report Investing in Climate, Investing in Growth (Ed. ) which was contributed to the German presidency of the G20 and which laid out the economic case that climate action and economic growth can go hand in hand, as long as strong climate policies are packaged with fiscal and structural reforms. The report is the foundation for a new initiative which intends to help countries move beyond an incremental approach to investing in and financing low-emission, climate-resilient infrastructure, and move towards “the transformational agenda needed for decisive climate action.”

“Investing in low-carbon, climate-resilient infrastructure is vital for the future of the planet, and it can also drive economic growth,” said Gabriela Ramos, OECD Chief of Staff and G20 Sherpa. “The infrastructure challenge creates incentives for reforms that can deliver better performance on both counts. We are losing time though – if we want to deliver we need to move much faster and achieve a systemic shift of trillions of dollars in green investment.”

The need for a transformation of financing low-emission, climate-resilient infrastructure is obvious in the discrepancy between what is needed and what is being achieved. The OECD estimates that $6.9 trillion a year is required up to 2030 to meet climate and development objectives. Needless to say, that is not happening. In fact, according to the International Energy Agency (IEA), current estimates for such financing sits somewhere between $3.3 trillion and $4.4 trillion a year — though, as the OECD is quick to remind, this is very much just an estimate.

EDIT

https://cleantechnica.com/2018/12/05/oecd-unep-world-bank-call-for-radical-shift-in-climate-financing/

[The_jackalope]

1. But this growth will be totally different from the growth of 20 years ago.

It will be resilient!!!!!!!

And the world will move towards “the transformational agenda needed for decisive climate action.”

Fuuuuuuuuuuuck. Same shit, different decade.

[caraher]

2. Right, "resilient" is better than "sustainable"

Maybe it's the noun and not the adjective that needs to be changed