Climate Emergency Solution

McKinsey estimates that the world needs to spend about $57 trillion on infrastructure by 2030 to enable the anticipated levels of GDP growth globally¹. About two-thirds of this will be required in developing markets (ASEAN, South Asia, South America, and Africa), where there are rising middle classes, population growth, urbanization, and increased economic growth¹. These countries need infrastructure, but all too often many years will pass and the promised road, bridge, water management, and metro projects still will not have materialized.

Hence, it's of paramount importance that global financial and investment sectors, in conjunction with government sovereign funds, pinpoint and channel their resources into sustainable and resilient mega projects. This strategic move will not only catalyze wealth creation but also foster global economic growth with plenty of job and employment. Moreover, it will promote equality and cost-effective development, thereby benefiting the planet in the long run, capable to mitigate cataclysmic climate. This approach aligns with the broader goals of sustainable development, ensuring a balance between economic progress, social equity, and environmental protection.

(1) List of megaprojects - Wikipedia

(2) Megaprojects: The good, the bad, and the better | McKinsey

(3) Make Megaprojects More Modular - Harvard Business Review

(4) President Biden Announces First of its Kind Infrastructure Investment