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Investing in a low-carbon India
Gabriela Ramos
Chief of Staff and G20 Sherpa,
Organisation for Economic Co-operation and Development
OECD-ORF Conference
3 July 2018
Boosting economic growth does not mean locking the
world into a high-emissions future,
provided pro-growth reforms are combined with
coherent climate policy and alignment of policies
across the economy
2
More ambitious climate policies will not harm growth
The combined actions of more ambitious climate policies and economic reform
still deliver a net GDP increase in the long run.
3
More ambitious climate policies will not harm growth
The combined actions of more ambitious climate policies and economic reform
still deliver a net GDP increase in the long run.
4
More ambitious climate policies will not harm growth
The combined actions of more ambitious climate policies and economic reform
still deliver a net GDP increase in the long run.
5
More ambitious climate policies will not harm growth
The combined actions of more ambitious climate policies and economic reform
still deliver a net GDP increase in the long run.
6
More ambitious climate policies will not harm growth
The combined actions of more ambitious climate policies and economic reform
still deliver a net GDP increase in the long run.
7
More ambitious climate policies will not harm growth
The combined actions of more ambitious climate policies and economic reform
still deliver a net GDP increase in the long run.
8
An ambitious 2°C scenario requires only a 10% increase
in infrastructure investment
USD 3.4 -4.4
trillion:
Current total
infrastructure
spending
Increased expenditures are needed in energy demand
and electricity
9
Getting investment flowing: three components of a
well-aligned policy framework for climate and growth
10
 Align fiscal policies
 Mobilise public and private finance
 Promote a just and inclusive transition
Getting the transition right in India
Annual green bonds issuance India USD billion
Source: Climate Bonds Initiative (2018)
Annual global issuance of green bonds USD billion
Source: SEB analysis based on Bloomberg and SEB data
11
OECD initiatives on financing the transition
 Financing Climate Futures: Rethinking Infrastructure
 OECD, World Bank and UN Environment with the support
of the German government
 G20 mandate for work on making financial flows consistent
with Paris Agreement goals
 Clean Energy Finance and Investment Programme
 Led by OECD Centre for Green Finance and Investment in
collaboration with other stakeholders
 Aims to unlock private sector finance for renewable energy
and energy efficiency in emerging economies
12
Full report and further information on
Investing in Climate, Investing in Growth
can be found at
http://oe.cd/G20climate
Gabriela Ramos
OECD Chief of Staff and Sherpa to the
G20
Contact: Gabriela.ramos@oecd.org
Follow me @gabramosp
13

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Investing in low-carbon India

  • 1. Investing in a low-carbon India Gabriela Ramos Chief of Staff and G20 Sherpa, Organisation for Economic Co-operation and Development OECD-ORF Conference 3 July 2018
  • 2. Boosting economic growth does not mean locking the world into a high-emissions future, provided pro-growth reforms are combined with coherent climate policy and alignment of policies across the economy 2
  • 3. More ambitious climate policies will not harm growth The combined actions of more ambitious climate policies and economic reform still deliver a net GDP increase in the long run. 3
  • 4. More ambitious climate policies will not harm growth The combined actions of more ambitious climate policies and economic reform still deliver a net GDP increase in the long run. 4
  • 5. More ambitious climate policies will not harm growth The combined actions of more ambitious climate policies and economic reform still deliver a net GDP increase in the long run. 5
  • 6. More ambitious climate policies will not harm growth The combined actions of more ambitious climate policies and economic reform still deliver a net GDP increase in the long run. 6
  • 7. More ambitious climate policies will not harm growth The combined actions of more ambitious climate policies and economic reform still deliver a net GDP increase in the long run. 7
  • 8. More ambitious climate policies will not harm growth The combined actions of more ambitious climate policies and economic reform still deliver a net GDP increase in the long run. 8
  • 9. An ambitious 2°C scenario requires only a 10% increase in infrastructure investment USD 3.4 -4.4 trillion: Current total infrastructure spending Increased expenditures are needed in energy demand and electricity 9
  • 10. Getting investment flowing: three components of a well-aligned policy framework for climate and growth 10
  • 11.  Align fiscal policies  Mobilise public and private finance  Promote a just and inclusive transition Getting the transition right in India Annual green bonds issuance India USD billion Source: Climate Bonds Initiative (2018) Annual global issuance of green bonds USD billion Source: SEB analysis based on Bloomberg and SEB data 11
  • 12. OECD initiatives on financing the transition  Financing Climate Futures: Rethinking Infrastructure  OECD, World Bank and UN Environment with the support of the German government  G20 mandate for work on making financial flows consistent with Paris Agreement goals  Clean Energy Finance and Investment Programme  Led by OECD Centre for Green Finance and Investment in collaboration with other stakeholders  Aims to unlock private sector finance for renewable energy and energy efficiency in emerging economies 12
  • 13. Full report and further information on Investing in Climate, Investing in Growth can be found at http://oe.cd/G20climate Gabriela Ramos OECD Chief of Staff and Sherpa to the G20 Contact: Gabriela.ramos@oecd.org Follow me @gabramosp 13