Mobilizing excess savings in advanced economies for much-needed investment in green infrastructure in emerging-market and developing economies will not be easy. But it is possible, if both the public and private sectors do their parts.
WASHINGTON, DC – To spur development and fight climate change, emerging-market and developing economies (EMDEs) will need huge amounts of investment in green infrastructure over the next few decades. But many of these countries have limited fiscal space, especially after the shocks of the last few years. Given this, to meet the EMDEs’ infrastructure needs, we must mobilize excess private savings in the advanced economies. The question is how.
WASHINGTON, DC – To spur development and fight climate change, emerging-market and developing economies (EMDEs) will need huge amounts of investment in green infrastructure over the next few decades. But many of these countries have limited fiscal space, especially after the shocks of the last few years. Given this, to meet the EMDEs’ infrastructure needs, we must mobilize excess private savings in the advanced economies. The question is how.