As part of your joining instructions for the Global Leadership Forum Summit you have received a draft report entitled 'Closing the sustainable infrastructure gap to achieve net zero'. We are looking forward to involving you in peer-to-peer dialogue on the report during the afternoon of day one of the event and would be grateful for your engagement now, to make this session as valuable as possible.
The report sets out to answer three questions:
- What is the gap in green infrastructure funding required to acheive net zero?
- What are the required changes in green infrastructure investment by region and sector?
- What are the recommendations to close this gap and how can the global engineering community help?
The report is based on EY’s in-house, state of the art Computable General Equilibrium model (EYGEM) which is a large scale, dynamic, multi-region (141 countries) , multi-sector (65+ sectors) model of the global economy based on a substantial body of accepted economic theory. The analysis shows that, cumulatively, USD 139 trillion needs to be invested in sustainable infrastructure to achieve net zero by 2050. This highlights a gap of USD 64 trillion compared to current investment policies
The report sets out 5 recommendations for consideration the FIDIC Global Leadership Forum to help close this gap which are based on both accelerating an investment pipeline of the most impactful projects and rapidly unlocking the additional capital required to deliver them:
- Build common engineering standards for green construction in net zero projects, including in-built resilience for a worst case senario such as 3°C.
- Each country needs to define a clear pathway to achieve net zero and prioritise projects where maximum emission reductions can be achieved.
- Establishing a global repository of best practice to accelerate project initiation across regions worldwide.
- Reducing climate inequity through collaboration amongst nations, international organisations to transfer funds to emerging nations.
- Championing a green financing ecosystem to influence policymakers and attract more private investors to accelerate project delivery.
To make the most of the time we have together at the conference, we would be grateful if you would indicate below your prefered topics of interest based on the five key recommendations and anything else you believe is a key issue: