Investing in sustainable infrastructure for all
Daniel Jeongdae Lee,
Shuvojit Banerjee () and
Zheng Jian ()
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Shuvojit Banerjee: Macroeconomic Policy and Financing for Development Division, ESCAP
Zheng Jian: Macroeconomic Policy and Financing for Development Division, ESCAP
No PB92, MPDD Policy Briefs from United Nations Economic and Social Commission for Asia and the Pacific (ESCAP)
Infrastructure is critical to the achievement of the Sustainable Development Goals. It is represented in Goal 9 along with industrialization and innovation, but also implicit in many other Goals including food security, health, decent jobs and cities and human settlements. Among infrastructure sectors, progress on Goal 7 on clean energy would be critical for limiting global warming to well below two degrees Celsius. ESCAP’s Economic and Social Survey 2019 estimates that developing countries in the Asia-Pacific region would have to invest an additional $196 billion per year in transport, ICT and water and sanitation infrastructure, and new investments of $434 billion to achieve Goal 7 on affordable and clean energy for all.
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