There is broad consensus that limiting global warming to well below 2 degrees Celsius requires a peak in carbon emissions by 2020, a stable and steep decline through 2050, and close to net-zero emissions after mid-century.
Now the coal industry claims that expanding coal use is critical to fighting extreme poverty and improving energy access for billions of people in developing countries. In fact, the opposite is true.
Given their convening power, technical expertise and their ability to mitigate risks, multilateral and national development banks are particularly well placed to coordinate these activities, globally, and at the regional and country levels.
This report looks at concrete results of green growth in Costa Rica, rather than listing policies and projects. It examines the root causes of under-performance, the synergies between the country’s economy and environment and prospects for future progress in both domains.
About US$90 trillion in infrastructure investment is needed globally by 2030 to achieve global growth expectations, particularly in developing countries. To achieve this,
Eradicating extreme poverty is achievable by 2030, through growth and reductions in inequality. However, unless global emissions peak by around 2030 and fall to near zero by 2100, catastrophic climate change could draw up to 720 million people back into extreme poverty.
