Back

Collaboration and ESG language to unlock funding for sustainable infrastructure projects

September 5, 2023
Related topics: 
Economy

Developing countries face many challenges in mobilising private sector investment for sustainable infrastructure projects. Solutions include international cooperation and common environmental, social and governance (ESG) taxonomies. To close the climate finance gap, we need additional private investment especially in low- and middle-income countries.

To serve this purpose, Multilateral development banks (MDBs) are encouraged to expand their support for sustainable infrastructure projects and increase their risk appetite. Furthermore, collaboration among G20 public development banks (PDBs) is encouraged to leverage their strengths and promote transformative impact.

A common ESG language will also help standardise assessments of sustainable investments, reduce greenwashing and attract specialised capital. The G20 is called upon to strengthen institutional networks among developing countries, to strengthen the PDBs, and to create a universal ESG taxonomy for sustainable finance.

Ultimately, the recommendations in this paper aim to contribute to a more sustainable global economy by fostering cooperation, reducing investment risks, and accelerating the flow of funds to sustainable infrastructure projects.

Speakers
Sabrine Emran
Senior Economist
Sabrine Emran is a Senior Economist at the Policy Center for the New South (PCNS).At the PCNS, Sabrine Emran conducts research on the Energy Transition, Climate Finance, and Critical Minerals, focusing on the energy priorities of developing countries in the context of sustainable development, just energy transition, and global climate commitments.Before joining the PCNS in 2022, Sabrine Emran worked as a Commodities Analyst and Risk Management Consultant, specializing in agricultural and energy commodities as well as foreign exchange risk. She also held a position at Lyxor Asset Management as Request for Proposal and Product Specialist, where she focused on alternative investment asset classes and collaborated closely with institutional investors.Sabrine Emran holds a master’s ...

RELATED CONTENT

  • Session 12: Sovereign Debt Distress in the Global South
    October 13, 2023
    Chair Jorgelina A. do Rosario, Emerging Market Correspondent, Thomson Reuters Speakers Barry Eichengreen, Professor of Economics, University of California Berkeley Martin Guzmán, Co-President, Initiative for Policy Dialogue, Columbia University Nandalal Weerasinghe, Governor, Centra...
  • Download PDF
    The Dollar-Renminbi Tango: The Impacts of Argentina’s Potential Dollarization on its Relations with China
    Authors
    Xiaofeng Wang
    Otaviano Canuto
    October 13, 2023
    The surprising victory of Javier Milei, the unconventional ‘anarcho-capitalist’ candidate, in the August primaries ahead of Argentina’s October 2023 general election, can be largely credited to his commitment to dollarize the Argentine economy, a move perceived as the ultimate solution to bring an end to the nation's economic turmoil. The potential shift from the local currency to the dollar has sparked concerns about Argentina's bilateral currency swap line with China. This swap l ...
  • Keynote Address and Closing Session
    October 12, 2023
    Keynote Address: The Role of Morocco in Africa’s Development - Ryad Mezzour, Minister of Industry and Trade, Morocco   Closing Session - Ryad Mezzour, Minister of Industry and Trade, Morocco   - Montek Singh Ahluwalia, Former Deputy Chairman, Planning Comm...
  • Sécurité alimentaire, changement climatique et production agricole
    October 12, 2023
    Président - Fathallah Oualalou, Senior Fellow, Policy Center for the New South (PCNS) Introduction   - Kevin Cleaver, ancien vice-président associé, Fonds international de développement agricole (FIDA) Intervenants   - Jennifer Blanke, Vice-présidente, Fondation...
  • AFRICAFE: Africa and the New International Financial Architecture
    October 12, 2023
    The African continent has long been a focal point for discussions surrounding economic development, global finance, and international cooperation. With the ever-changing global economic landscape and the emergence of new financial paradigms, it is imperative to explore how Africa positi...
  • Europe: Competitiveness, Macroeconomic Challenges and Global Competition
    October 12, 2023
    Chair: Debora Revoltella, Chief Economist, European Investment Bank (EIB) Speakers: Paolo Gentiloni, Commissioner, Economic Affairs, European Commission (EC) Boštjan Vasle, Governor Central Bank of Slovenia Boris Vujčić, Governor, Central Bank of Croatia ...
  • Future Economic and Social Development of Africa: Impact of Inequalities
    October 12, 2023
      Chair                           - Donald Kaberuka, Former President, African Development Bank (AfDB) Presenter     &n...