{"id":44637,"date":"2019-03-26T11:08:57","date_gmt":"2019-03-26T11:08:57","guid":{"rendered":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?page_id=44637"},"modified":"2020-05-29T14:59:51","modified_gmt":"2020-05-29T13:59:51","slug":"public-finance-development-banks-and-sustainable-infrastructure","status":"publish","type":"page","link":"https:\/\/www.lse.ac.uk\/granthaminstitute\/public-finance-development-banks-and-sustainable-infrastructure\/","title":{"rendered":"Public finance: development banks and sustainable infrastructure"},"content":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<?xml encoding=\"UTF-8\"><p>This work examines how to strengthen the architecture of public finance resources and institutions to deliver sustainable development and climate action at the scale required. Focus is placed on the central role of the international financial institutions in supporting the creation of an enabling environment for blended finance.<\/p>\n<p>The programme seeks to raise policy ambitions around public finance for climate action, including in the multilateral development banks, climate finance funds and domestic resources, and promotes its use to leverage private finance to achieve action at scale.<\/p>\n<h3>Work focuses include<\/h3>\n<ul>\n<li>Supporting international financial institutions, including multilateral development banks, to invest in sustainable infrastructure.<\/li>\n<li>The role of middle-income countries and new investment programmes in financing sustainable infrastructure, in particular the role of China through the Belt and Road Initiative.<\/li>\n<li>The development of a supportive policy environment for attracting finance for sustainable infrastructure investment and low-carbon development in developing countries.<\/li>\n<\/ul>\n<h3>Why is this work important?<\/h3>\n<p>Over the next 20 years the world economy, at current growth rates, will roughly double in size and investment in infrastructure will need to more than double. Around US$90 trillion-worth of investment by 2030 will be made. How this finance is allocated and how the infrastructure is built will determine if we are able to meet the climate change challenge &ndash; or if we are locked into a high-carbon growth path that risks long-term development.<\/p>\n<p>Public finance resources are critical for infrastructure investment, with multilateral development institutions playing a key role. However, public finance alone will not be enough: it must be used to enable and direct private sector resources towards climate action.<\/p>\n<h3>Publications<\/h3>\n<p><a href=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/financing-low-carbon-growth-and-innovation\/\">Financing low-carbon growth and innovation in the UK Industrial Strategy<\/a><\/p>\n<p><a href=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/china-the-world-and-the-next-decade-better-growth-better-climate\/\">China, the world and the next decade: better growth, better climate<\/a><\/p>\n<p><a href=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/chinas-leadership-in-fostering-and-financing-infrastructure-investment-for-a-sustainable-and-dynamic-future\/\">China&rsquo;s leadership on sustainable infrastructure: lessons for the world<\/a><\/p>\n<p><a href=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/building-21st-century-sustainable-infrastructure-part-1-time-to-invest\/\">Building 21st century sustainable infrastructure (part 1): time to invest<\/a><\/p>\n<p><a href=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/building-21st-century-sustainable-infrastructure-part-2-institutional-reform\/\">Building 21st century sustainable infrastructure (part 2): institutional reform<\/a><\/p>\n<h3>Commentaries<\/h3>\n<p><a href=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/chinas-green-finance-strategy-much-achieved-further-to-go\/\">China&rsquo;s green finance strategy: much achieved, further to go<\/a><\/p>\n\n","protected":false},"excerpt":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<?xml encoding=\"UTF-8\"><p>This work examines how to strengthen the architecture of public finance resources and institutions to deliver sustainable development and climate&hellip;<\/p>\n\n","protected":false},"author":12,"featured_media":44724,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[],"topic_area":[],"class_list":["post-44637","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Public finance: development banks and sustainable infrastructure - Grantham Research Institute on climate change and the environment<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/public-finance-development-banks-and-sustainable-infrastructure\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Public finance: development banks and sustainable infrastructure - Grantham Research Institute on climate change and the environment\" \/>\n<meta property=\"og:description\" content=\"This work examines how to strengthen the architecture of public finance resources and institutions to deliver sustainable development and climate...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/public-finance-development-banks-and-sustainable-infrastructure\/\" \/>\n<meta property=\"og:site_name\" content=\"Grantham Research Institute on climate change and the environment\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-29T13:59:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-content\/uploads\/2019\/03\/solar_city.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"439\" \/>\n\t<meta property=\"og:image:height\" content=\"220\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/public-finance-development-banks-and-sustainable-infrastructure\\\/\",\"url\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/public-finance-development-banks-and-sustainable-infrastructure\\\/\",\"name\":\"Public finance: development banks and sustainable infrastructure - Grantham Research Institute on climate change and the environment\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/public-finance-development-banks-and-sustainable-infrastructure\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/public-finance-development-banks-and-sustainable-infrastructure\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/wp-content\\\/uploads\\\/2019\\\/03\\\/solar_city.jpg\",\"datePublished\":\"2019-03-26T11:08:57+00:00\",\"dateModified\":\"2020-05-29T13:59:51+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/public-finance-development-banks-and-sustainable-infrastructure\\\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/public-finance-development-banks-and-sustainable-infrastructure\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/public-finance-development-banks-and-sustainable-infrastructure\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/wp-content\\\/uploads\\\/2019\\\/03\\\/solar_city.jpg\",\"contentUrl\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/wp-content\\\/uploads\\\/2019\\\/03\\\/solar_city.jpg\",\"width\":439,\"height\":220},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/public-finance-development-banks-and-sustainable-infrastructure\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Research areas\",\"item\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/research-areas\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Sustainable public and private finance\",\"item\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/research-areas\\\/sustainable-public-and-private-finance\\\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Public finance: development banks and sustainable infrastructure\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/#website\",\"url\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/\",\"name\":\"Grantham Research Institute on climate change and the environment\",\"description\":\"The Grantham Research Institute at LSE carries out world-class research on climate change and the environment.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Public finance: development banks and sustainable infrastructure - Grantham Research Institute on climate change and the environment","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.lse.ac.uk\/granthaminstitute\/public-finance-development-banks-and-sustainable-infrastructure\/","og_locale":"en_GB","og_type":"article","og_title":"Public finance: development banks and sustainable infrastructure - Grantham Research Institute on climate change and the environment","og_description":"This work examines how to strengthen the architecture of public finance resources and institutions to deliver sustainable development and climate...","og_url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/public-finance-development-banks-and-sustainable-infrastructure\/","og_site_name":"Grantham Research Institute on climate change and the environment","article_modified_time":"2020-05-29T13:59:51+00:00","og_image":[{"width":439,"height":220,"url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-content\/uploads\/2019\/03\/solar_city.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/public-finance-development-banks-and-sustainable-infrastructure\/","url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/public-finance-development-banks-and-sustainable-infrastructure\/","name":"Public finance: development banks and sustainable infrastructure - Grantham Research Institute on climate change and the environment","isPartOf":{"@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/public-finance-development-banks-and-sustainable-infrastructure\/#primaryimage"},"image":{"@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/public-finance-development-banks-and-sustainable-infrastructure\/#primaryimage"},"thumbnailUrl":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-content\/uploads\/2019\/03\/solar_city.jpg","datePublished":"2019-03-26T11:08:57+00:00","dateModified":"2020-05-29T13:59:51+00:00","breadcrumb":{"@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/public-finance-development-banks-and-sustainable-infrastructure\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.lse.ac.uk\/granthaminstitute\/public-finance-development-banks-and-sustainable-infrastructure\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/public-finance-development-banks-and-sustainable-infrastructure\/#primaryimage","url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-content\/uploads\/2019\/03\/solar_city.jpg","contentUrl":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-content\/uploads\/2019\/03\/solar_city.jpg","width":439,"height":220},{"@type":"BreadcrumbList","@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/public-finance-development-banks-and-sustainable-infrastructure\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.lse.ac.uk\/granthaminstitute\/"},{"@type":"ListItem","position":2,"name":"Research areas","item":"https:\/\/www.lse.ac.uk\/granthaminstitute\/research-areas\/"},{"@type":"ListItem","position":3,"name":"Sustainable public and private finance","item":"https:\/\/www.lse.ac.uk\/granthaminstitute\/research-areas\/sustainable-public-and-private-finance\/"},{"@type":"ListItem","position":4,"name":"Public finance: development banks and sustainable infrastructure"}]},{"@type":"WebSite","@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/#website","url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/","name":"Grantham Research Institute on climate change and the environment","description":"The Grantham Research Institute at LSE carries out world-class research on climate change and the environment.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"}]}},"_links":{"self":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/pages\/44637","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/comments?post=44637"}],"version-history":[{"count":2,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/pages\/44637\/revisions"}],"predecessor-version":[{"id":50283,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/pages\/44637\/revisions\/50283"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/media\/44724"}],"wp:attachment":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/media?parent=44637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/categories?post=44637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/tags?post=44637"},{"taxonomy":"topic_area","embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/topic_area?post=44637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}