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

  • Download PDF
    La Zone de libre-échange continentale africaine (ZLECAF) : regard juridique
    Authors
    Abdessalam Saad Jaldi
    Abdessalam Saad Jaldi
    February 24, 2021
    L'intégration régionale en Afrique est considérée comme une priorité par de nombreux responsables politiques et acteurs économiques du continent. Avec la signature de l'accord portant création de la ZLECAf par l'ensemble des pays africains, le défi consiste désormais à mettre en place un marché continental pour les biens et les services et à jeter les bases d'une union douanière continentale. Nombreux sont ceux qui, sur le continent, considèrent la ZLECAf comme un plan d'investissem ...
  • The size of Biden’s fiscal package
    Authors
    Otaviano Canuto
    Otaviano Canuto
    February 22, 2021
    The monetary policy report submitted by the Board of Governors of the Federal Reserve System to the U.S. Congress on Friday Feb. 19 showed that the Fed’s members have improved economic growth expectations for 2021 and 2022, expect lower unemployment rates. Meanwhile, only two of the 18 participants projected PCE (personal consumption expenditures) inflation to (slightly) exceed the 2% that serves as the longer-run objective for the monetary policy regime. In this context, is there ...
  • Download PDF
    La vanille malgache : entre valorisation des avantages comparatifs et nécessaire diversification économique
    Authors
    Yves Jégourel
    February 17, 2021
    La vanille est un produit d’exportation phare de Madagascar qui dispose, pour cette matière première unique, d’un quasi-monopole mondial. Si les recettes d’exportation qui en découlent sont essentielles pour l’île Rouge, leur variabilité, conjuguée à celle d’autres produits, tels que le nickel, n’est pas sans poser d’importants problèmes macroéconomiques en raison de la faible diversification de sa balance commerciale. Conséquence de la chute des cours depuis les sommets atteints en ...
  • Les Mardis du PCNS 16/02/2021 : قانون الشغل والحماية الاجتماعية على ضوء أزمة كورونا
    February 16, 2021
    خصص مركز السياسات من أجل الجنوب الجديد حلقته الاسبوعية لحديث الثلاثاء لمناقشة قانون الشغل والحماية الاجتماعية في ظل أزمة كوفيد 19 رفقة محمد طارق، أستاذ القانون الاجتماعي بجامعة الحسن الثاني بالدار البيضاء. في هذه الحلقة سيتم تحليل وضع المغرب فيما يتعلق بالمجال الحماية الاجتماعي خاصة خلا...
  • Download PDF
    African Cities in Times of COVID-19: Resilience against all Odds
    Authors
    Paola Maniga
    Yassine Moustanjidi
    February 15, 2021
    The COVID-19 pandemic has exposed new vulnerabilities in social, infrastructure, and governance systems. In the first months of the pandemic, there was a genuine concern about the capacity of the Global South to contain the spread of the virus. African cities were particularly vulnerable, with some experts1, including the head of WHO2, predicting a catastrophe for the continent. Despite the structural and chronic challenges that African cities face, including informality, poverty, a ...
  • Download PDF
    Africa’s Development Issues After Covid-19
    Authors
    Hinh T. Dinh
    February 12, 2021
    This paper provides a preliminary assessment of COVID-19’s impact on Africa, focusing on the sub-Saharan Africa (SSA) countries, based on information available as of October 2020. We first identify the two key long-term issues of the SSA countries before the crisis: resource dependency and slow productivity growth. COVID-19 has hit SSA countries hard, causing human and economic destruction and wiping out economic progress from the last decade. Instead of growing at 2.9% in 2020, as ...
  • Central Banks and Inequality
    Authors
    Otaviano Canuto
    Otaviano Canuto
    February 11, 2021
    While the economic recovery around the world remains uneven, fragile, and unbalanced across sectors, financial markets are generally doing very well, thanks! In the United States, only half of the unemployment caused by the pandemic last year has been reversed, while stock markets continued to boom. Of course, this largely reflected the extraordinary support given by monetary authorities since March last year. As in the period after the 2007-08 global financial crisis, voices have ...