John Hennessy III,
P.E.
Investing in sustainable infrastructure is key to tackling the three central challenges facing the global community: reigniting growth, delivering on the Sustainable Development Goals, and reducing climate risk in line with the Paris Agreement…The Global Commission has identified a number of priority actions to rapidly shift investments toward sustainable infrastructure. A number of their previous recommendations are also relevant to this agenda.
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THE NEW CLIMATE ECONOMY
Despite this mounting evidence of the costs of fossil fuel subsidies, and the potential virtuous cycles that could result from their removal, governments are often reticent to undertake reform. Researchers have identified several specific reasons for the persistence of subsidies. Some of these are explicit, such as a lack of information, while others are implicit, driven by special interests.
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