G20 Must 'Reset' Global Economy to Fund Low-carbon Development

The G20's core objective is to promote strong, sustainable and balanced economic growth, but this requires greening the global economy.

Over the coming 15 years, the world will need to invest around US$ 90 trillion in infrastructure. Much of this investment will need to be "greened" to secure an orderly transition to a sustainable economy. The United Nations Conference for Trade and Development estimates that about US $5 trillion to $7 trillion annually will be needed to finance the realization of the Sustainable Development Goals promoted by the UN in developing countries, which includes infrastructure development, poverty eradication and other key goals core to sustainable development.