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
Economist
Sabrine Emran is a Finance graduate specializing in financial markets and commodities. She holds a Grande Ecole master’s degree in Management from IESEG School of Management and ISCAE Group, as well as a Specialized master’s degree in Financial Markets from Paris Dauphine University and ENSAE ParisTech. Sabrine Emran started her career in investment writing and product development in the asset management branches of insurance companies and investment banks in Paris, working mainly on alternative investment asset classes. She was also recently a commodities analyst, focusing on risk management strategies for energy and agricultural commodities as well as foreign exchange risks. Sabrine Emran joined the Policy Center for the New south in September 2022 as an economist where she ...

RELATED CONTENT

  • حديث الثلاثاء - البنوك المغربية في أفريقيا: فرص وتحديات التوسع
    August 13, 2024
    شهد القطاع المصرفي المغربي توسعًا ملحوظًا في الأسواق الأفريقية خلال السنوات الأخيرة. من خلال هذا التوسع، تسعى البنوك المغربية إلى ترسيخ وجودها في أسواق تشهد طلباً متزايداً على الخدمات المالية، واستغلال الفرص الاستثمارية التي توفرها القارة الأفريقية. ولكن ما هي الدوافع الحقيقية وراء هذا ...
  • On the Brink: A Global Democratic Crisis?
    Authors
    Helmut Sorge
    August 9, 2024
    Closer to a ‘Third World War’ When in the last week of July, Israel’s Prime Minister Benjamin Netanyahu visited Trump at his estate in Florida, the Republican candidate insisted to his visitor, who is attempting to eliminate all hopes of an independent Palestinian states through violence and destruction: “You are close to a third world war now, more than at any time since the Second World War. You’ve never been so close, because we have incompetent people running our country” (The ...
  • The Hidden Costs of Mass Tourism
    Authors
    Helmut Sorge
    August 8, 2024
    Most of the Population Does Not Benefit Until mid-2021, cruise ships moved with all their glitz and glamour into Venice’s Guidecca Canal, overshadowing the historic buildings, the foundations of which were destabilized with every wave, and threatening fisher boats and cappuccino lovers sitting beside the canal. Thousands of cruise passengers spilled onto the cobblestone roads, enjoying Gondola rides, glimpsing the Bridge of Sighs, exploring the fish markets near the Rialto bridge a ...
  • The Third Plenum and China’s Economic Growth Challenges
    Authors
    Otaviano Canuto
    August 2, 2024
    China’s economy grew by 4.7% year-on-year in the second quarter of 2024, after 5.3% in the first quarter of the year (Figure 1). As in 2023, the official target has been set at 5% for 2024 (Figure 2). Naturally, great attention has been paid to the decisions of the Third Plenum of the 20th Communist Party of China Party Congress on July 15-18, a four-day meeting in which the country’s leadership sets out the direction of economic policy. The last such event was held in 2018. Do ...
  • The Rich World’s Immigration Conundrum
    Authors
    Otaviano Canuto
    Eduardo de Carvalho Andrade
    July 31, 2024
    This paper was originally published in Project Syndicate   Fourteen high-income countries have shown how immigration can help offset declining fertility rates and maintain population levels. But with anti-immigrant sentiment on the rise, politicians in these countries face a difficult choice: welcoming foreigners or facing the economic challenges brought about by an aging population. WASHINGTON, DC – Populations around the world are aging, as mortality and fertility rates fall. Wh ...
  • Download PDF
    La filière pharmaceutique industrielle du Maroc est- elle prête à relever le défi de la souveraineté sanitaire du royaume ?
    Authors
    Henri-Louis Vedie
    July 26, 2024
    Avec un chiffre d’Affaires en hausse de 50 % par rapport à 2022, l’industrie pharmaceutique au Maroc a connu une année record en 2023. Cette étude est consacrée à l’une des trois composantes de ce secteur :la composante industrielle. Elle regroupe 50 Établissements pharmaceutiques industriels (EPI). (Source : la Direction des médicaments et de la pharmacie (DMP). L’analyse de chacun de ces EPI met en évidence un écosystème, amorcé dès 1933 avec la création de Pharma-Coo ...
  • AFRICAFE: IMF's Regional Economic Outlook for Sub-Saharan Africa
    July 25, 2024
    In today's episode, we turn our focus to the economic landscape of sub-Saharan Africa, a region grappling with significant challenges and opportunities as it strives for recovery. According to the latest IMF economic outlook for sub-Saharan Africa, the region has faced diverse economic ...
  • Transition Finance in Partnership with GIP Africa
    July 25, 2024
    This event is organized by the Green Investment Principles (GIP) Africa Chapter, co-chaired by Bank of Africa and Ninety One, in partnership with the Policy Center for the New South (PCNS). The GIP Africa Chapter, established during COP27 in Egypt, is one of the regional chapters of the...
  • Les Établissements et entreprises publics au Maroc: Les autres figures de l’État
    Authors
    Sous la direction de
    Abdallah Saaf
    July 16, 2024
    Plusieurs raisons expliquent la création d’Établissements et d’entreprises publics (EEP). Aux facteurs économiques, industriels et de service public s’ajoutent des considérations idéologiques, politiques, et historiques. Quels peuvent être aujourd’hui le rôle et la place des EEP au Maroc, dans un système politique qui affirme tendre au pluralisme, dans un cadre économique marqué par le libre-échangisme fondé sur la propriété privée ? Après une période coloniale où ...
  • Annual Report on African Economies 2024
    Authors
    Under the supervision of
    Larabi Jaïdi
    July 12, 2024
    The report will soon be available for purchase.   The 2024 Annual Report on the African Economy is dedicated to monetary and financial issues on the Continent. There are three reasons for this choice. African economies are exposed to macro-financial instabilities partly generated by global monetary and financial turbulence. The Continent’s currencies and financial systems are engaged in very different dynamics, where routine methods and daring, if not risky, practices coexist. ...