The country needs to invest an estimated $7.6 billion in the energy, water, transport, and solid waste sectors between 2024 and 2030 in order to align its economic recovery with cost-effective climate action, according to the World Bank’s Lebanon — Country Climate and Development Report. The largest chunk of investment, $4 billion, is required by the energy sector whose greenhouse gas (GHG) emissions account for 50 percent of the country’s total GHG emissions. The transport sector’s share in total emissions is 25 percent, and industrial processes 11 percent, while the generation and treatment of solid waste and wastewater contribute six percent to total GHG emissions.
Two scenarios
The financing outlook of the climaterelated projects will depend on two scenarios, according to the report. The recovery least-cost scenario assumes that adequate reforms are underway which will increase fiscal space for capital expenditures. It also assumes that debt restructuring is completed in 2025 which will improve sovereign credit rating, ease financing constraint, and reduce borrowing cost. Access to international capital
