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This paper evaluates the additional spending needed to meet core targets of selected Sustainable Development Goals (SDGs) while accounting for the associated cost to address climate risks. The SDGs under study are those related to human and physical capital development. An additional 3.8 percent of global GDP, or US$3.4 trillion, of public and private spending will be required by 2030 to achieve a strong performance in the selected SDGs while addressing associated climate risks. This includes an increase of 0.4 percent of global GDP (US$358 billion) compared to estimates that do not account for mitigation and adaptation needs within these sectors. LIDCs and SSA experience the highest climate-related cost augmentation relative to GDP, while EMEs (driven by large Asian emerging economies) bear the largest cost in absolute terms.

Capacity --- Capital --- Climate change --- Climate --- Climatic changes --- Currency crises --- Development economics & emerging economies --- Development --- Economic & financial crises & disasters --- Economic Development, Innovation, Technological Change, and Growth: General --- Economics of specific sectors --- Economics --- Economics: General --- Environment --- Environmental Economics --- Global Warming --- Health economics --- Health --- Health: General --- Industry Studies: Transportation and Utilities: General --- Informal sector --- Infrastructure --- Intangible Capital --- Investment --- Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General --- Macroeconomics --- National accounts --- Natural Disasters and Their Management --- Natural Disasters --- Natural disasters --- Saving and investment --- Sustainable Development Goals (SDG) --- Sustainable Development --- Sustainable development