He’s lifting the lid ©REUTERS/Paul Darrow

Achieving the transition to a low-carbon economy to meet the 2ºC target requires shifting investment away from carbon-intensive options and towards low-carbon, climate-resilient infrastructure assets and technology. Over US$90 trillion will be needed in the next 15 years to meet global infrastructure needs across transport, energy and water systems, irrespective of climate change, according to the Global Commission on Climate and the Economy. But as the commission estimates, making these infrastructure investments “low-carbon” will impose additional costs of only 4.5% relative to business-as-usual, with benefits such as reduced local air pollution, improved energy security and lower traffic congestion. 

Economic data

GDP growth: +0.5% Q2 2019 year-on-year
Consumer price inflation: 1.6% September 2019 annual
Trade: -1.9% exp, -0.9% imp, Q2 2019
Unemployment: 5.1% August 2019
Last update: 6 November 2019

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