The Paris Agreement and countries’ nationally determined contributions represent important commitments to climate action; however, a collective plan to keep the global temperature increase to well below 2ºC has not been reached and the world risks being caught in a cycle of low and uneven growth. This policy brief proposes a comprehensive approach that links inclusive growth, sustainable development and the climate goals. It builds on a sustainable infrastructure with three key pillars: strengthening and reorientation of investment strategies to exploit the significant opportunities of low-carbon, climate-resilient infrastructure; transforming finance to enable and drive change; and phasing out fossil fuel subsidies and putting a price on carbon to harness the transformative power of the market and stimulate low-carbon investment.
