IEJ Logo

Climate Jobs Policy Brief Summary

The private financial sector can rarely finance developmentally important sectors on its own and publicly owned development finance institutions (DFIs) continue to fill these gaps in both industrialised and developing economies.

The Jobs Summit needs to build climate considerations into all job creation and investment initiatives. Climate change impacts put developmental gains to date and future development at risk, and global efforts to reduce carbon emissions – not least by our trade partners – expose our economy. Both the science and economic trends are clear that action is urgent. It is therefore imperative that all economic endeavors should shift to be as low-carbon as possible and all must be climate-resilient by design. Not to do so is to make our economy and residents – particularly the poor – increasingly vulnerable and to lock us further into a perverse economic pathway.