The G-20, too, is accelerating the launch of Megaprojects, in the hope of boosting global growth rates
by at least 2 per cent by 2018.
Already, spending on Megaprojects amounts to some $6-9 trillion a year,
roughly 8 per cent of global GDP, making this the“biggest investment boom in human history.”.
In a March 2015 letter to the G-20,
a group of scientists, environmentalists, and opinion leaders warned that ramping up investment in Megaprojects risks irreversible and catastrophic damage to the environment.
Spending on Megaprojects already amounts to some $6-9 trillion a year, roughly 8%
of global GDP, making them the biggest investment boom in human history, and that number is expected to grow.