Publications /
Policy Paper

Back
Read more
Bridging green infrastructure and finance
Authors
Karim El Aynaoui
Otaviano Canuto
November 3, 2022
Related topics: 
Economy
Commodities & Energy
Energy transition and Renewables

This chapter was originally published in CEPR's eBook "Scaling Up Sustainable Finance and Investment in the Global South"

The world faces a huge shortage of infrastructure investment relative to its needs. With few exceptions, such as China, this shortage is even greater in non-advanced countries.

The G20 Infrastructure Investors Dialogue estimated the volume of global infrastructure investment needed by 2040 to be $81 trillion, $53 trillion of which is needed in non- advanced countries (OECD 2020). The Dialogue projected a gap – in other words, a shortfall in relation to the investments foreseen today – of around $15 trillion worldwide, $10 trillion of which is in non-advanced economies.

RELATED CONTENT

  • Download PDF
    RACE AGAINST THE CLOCK : Industrial Policy for Resource-Rich African Least Developed Economies-Transforming Wealth into Productive Capacity
    Authors
    Hinh T. Dinh
    August 5, 2026
    This paper addresses the persistent challenge of resource dependence in the world's poorest countries, focusing on the ten poorest African nations where natural- resource rents average 14% of income. It argues that four decades of conventional policy advice, which treated resource dependence primarily as a revenue management problem, have failed to help these countries. While stabilization funds and permanent-income frameworks aim to smooth consumption, they do not answer the fundam ...
  • Download PDF
    Should Africa Go Nuclear?
    Authors
    Hafez Ghanem
    July 2, 2026
    Africa is facing a massive electricity deficit that is impacting its economic and social development, and its ability to catch up with the rest of the world. It is imperative that the continent increase its electricity production to connect the 600 million people who are currently without access and to improve the quality of service for the millions who are suffering from frequent blackouts and load-shedding. Economic development in the 21st century will crucially depend on the digi ...
  • Climate change, environmental sustainability, and Moroccan green transition
    June 30, 2026
    This episode explores Morocco’s green transition, examining the country’s progress in renewable energy alongside the challenges of reducing dependence on fossil fuels. It discusses the economic and social impacts of climate change, particularly on water, agriculture, and health, while h...
  • The US and Europe are running out of ammunition because of Iran and Ukraine - PART 2
    Authors
    Helmut Sorge
    June 30, 2026
    The inventory is worrisomely low The US military has fired off more than 1000 Tomahawk cruise missiles, roughly ten times the number it currently buys each year. The Pentagon used more than 1200 Patriot interceptor missiles, "more than three million dollars a pop", and more than 1000 precision strike, ground based missiles, "leaving the inventories worrisomely low." US commanders were forced to ration interceptors by letting unguided or less destructive missiles hit empty or no ...
  • The US and Europe are running out of ammunition because of Iran and Ukraine - PART 1
    Authors
    Helmut Sorge
    June 19, 2026
    The early March 2026 Pentagon briefings were tuned towards triumph and surrender - unconditional. The white flag of defeat was visible on the Iran horizon, and America's commander in chief needed only a few more weeks to declare "their military is gone. Wiped out". His secretary of war, Pete Hegseth, added to Trump's assessment his own, the Iranian navy was "decimated, destroyed and defeated", the naval fleet of the enemy rested on the bottom of the Persian Gulf. Iran's defense indu ...
  • Download PDF
    The Global Costs of Disruption in the Strait of Hormuz
    Authors
    Mehran Haghirian
    June 15, 2026
    This article draws in part on perspectives shared by members of the Rihla Initiative for Green Economic Growth, whose regional insights helped inform the sections on how the costs of the war are being felt across the Global South. The war on Iran and in the Gulf has made it impossible to treat the Strait of Hormuz as a regional issue. The disruption around the Strait has moved through the world economy in concrete ways, from higher fuel bills and pressure on food and fertilizer ...
  • Download PDF
    Stress Test: The Hormuz Crisis and the Fracturing of the Global Energy Order
    Authors
    Rim Berahab
    Sabrine Emran
    June 11, 2026
    The global energy system has entered a period of acute structural stress following the strikes by the United States and Israel on Iran in late February 2026, and the subsequent disruption of flows through the Strait of Hormuz. According to the International Energy Agency, the resulting shock marks the most severe disruption to global energy markets since the 1970s oil crises, with systemic characteristics comparable to the combined effects of those crises and the 2022 Russia-Ukraine ...
  • Africa Needs More Petroleum Refineries
    Authors
    Hafez Ghanem
    June 8, 2026
    The energy shock caused by the war between the United States and Israel and Iran has highlighted the need for Africa to refine more of its own crude oil. Africa is a net hydrocarbon exporter, but remains stuck in the old colonial economic model: it mostly exports raw materials and imports refined products. Africa exports about 2.6 billion barrels of crude oil every year, and imports about 1.4 billion barrels of refined products. This is a problem for two reasons. First, Africa ...
  • Download PDF
    Hormuz and the Invisible Fractures: the Price of a Distant War - Views from the New South
    Authors
    Abdelhak Bassou
    Ferid Belhaj
    Ian O. Lesser
    Marcus Vinicius de Freitas
    Rida Lyammouri
    Otaviano Canuto
    Hafez Ghanem
    Hinh T. Dinh
    Hugo A. Mansilla
    June 5, 2026
    Driven by its mission to reflect on and analyze the major geopolitical, economic, and societal transformations shaping the contemporary world, and with a view to contributing to knowledge-sharing and disseminating the main outcomes of its research program, the Policy Center for the New South regularly publishes collective volumes addressing issues of particular importance to Morocco, Africa, and the broader Global/New South. In this spirit, the Center has recently released two volum ...