Public spending alone will not be enough to fight climate change
Infrastructure - MARCH 29, 2022

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Public spending alone will not be enough to fight climate change

by Kali Persall

Some $48 trillion of decarbonization infrastructure investment is needed by 2040 in order to meet Paris Agreement objectives, according to a new report from Partners Group. However, public spending alone will not cover the investment needs.

The new report, titled The next generation of decarbonization infrastructure, anticipates that more than 70 percent of decarbonization capital will need to come from private investors. The sectors that will require the lion’s share of this will be transport and buildings, followed by industrial, clean power and cold storage.

Broadening the scope of investment sectors will be crucial to fighting climate change, as these efforts far expand past one sector alone. The power sector, which is typically seen as being the most responsible for global carbon dioxide emissions, only actually accounts for around 39 percent of the emissions that are responsible for climate change. The same story exists for renewables. According to Par

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