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

  • Download PDF
    2009-2018 : Les dix derniers Prix Nobel d’économie « dix-neuf lauréats »
    Authors
    Henri-Louis Vedie
    August 8, 2019
    Contrairement aux autres Prix Nobel /physique, médecine, etc…/ le Prix Nobel d’Economie n’est pas attaché au testament d’Alfred Nobel, mais à un don de la Banque de Suède. C’est désormais, un Prix Nobel comme les autres, même si les premiers lauréats datent de 1969 / Ragnar Frisch et Jan Tinbergen/. Depuis, 49 autres prix ont été décernés. Au total, en 50 ans, ce sont 81 lauréat(e)s qui ont été ainsi distingués. On trouvera en annexe 1 la liste chronologique des lauréat(e)s et en an ...
  • Pour une meilleure complicité entre décideurs publics et startups africaines
    Authors
    Richard Seshie
    July 26, 2019
    Richard Seshie est un Alumni du programme des Atlantic Dialogues Emerging Leaders 2017. Cet article a été précédemment publié ici.  Il prévaut fortement cette idée que nos pouvoirs publics ne sauraient jouer un rôle important pour les startups en Afrique. Dans plusieurs pays, leur nonchalance ou implication maladroite passée laisse dubitatif. Toutefois, c'est la nature historiquement extravertie de nos économies et ses implications qui devrait susciter plus qu'ailleurs un activism ...
  • The End of the Human Race ?
    Authors
    Helmut Sorge
    July 24, 2019
    Poker is a game for real men, cowboys, for example, ocean divers, stunt men, gambling away their meager pay. Poker is America, as oversized as trucks, egos and steaks. A gambler’s paradise. 24/24. Drinks on the house, a discount for the bridal suite. Poker made its way from quaint southern New Orleans to the rough west, where gold diggers gambled away fortunes, and settlers risked their wagons and horses for a game of cards. Decades ago, I met a descendent of this wild bunch in Las ...
  • Download PDF
    Vers une stratégie économique basée sur l’amélioration de la productivité
    Authors
    Elhadj EZZAHID
    July 19, 2019
    Les recherches sur les sources de croissance de long terme des économies montrent qu’elle dépend plus de la croissance de la productivité que de la croissance des volumes des inputs accumulés. Au Maroc, les résultats disponibles fournissent des évidences sur le rythme très lent de la croissance de la productivité mesurée par la PTF ou le rapport production-travail. Des simulations montrent que seule une augmentation de la PTF permettra d’atteindre une croissance suffisamment élevée. ...
  • Download PDF
    Middle Income Countries and Multilateral Development Banks Traps on the Way to Graduation
    Authors
    Otaviano Canuto
    Matheus Cavallari
    Tiago Ribeiro dos Santos
    July 19, 2019
    Multilateral Development Banks (MDBs) have two financing windows, with different terms, dedicated to low- and middle-income countries. Countries are presumed to cross those windows as their income per capita rises, with middle-income countries (MICs) eventually “graduating” to a non-client status once they reach some criteria. However, due to what may be called “middle-income traps”, such progression toward graduation has been limited to a small number of countries. ...
  • Download PDF
    The Entrepreneurial South African State: An analysis of current government action to stimulate innovation and recommendations for future policy and initiatives
    Authors
    Sandiso Sibisi
    July 17, 2019
    Despite considerable effort from the South African government to drive innovation, the investments to date have not reaped the fruits expected by both government and the private sector. I believe that if we are to realise ‘the new dawn’ in economic growth and transformation the state needs to reorganise itself to be an ‘entrepreneurial state’. This paper will proceed firstly by outlining current government action to support innovation, followed by a summary of the overarching recomm ...
  • AI for Good: Battling Bias Before it Becomes Irreversible
    Authors
    John Stackhouse
    July 16, 2019
    This article was originally published on RBC Royal Bank's innovation & perspective section. Kevin Vuong, Executive Lead, International & Lecturer, University of Toronto, Canada and Atlantic Dialogues Emerging Leader Alum 2018 contributed to this piece. From the route you take home to where you choose to go for lunch, we have our own inherent preferences that predispose us to a particular decision. And while we assume that our choices are rational, we know that isn’t always ...
  • La ZLECAF : c’est (presque) parti !
    Authors
    Mouhamadou Moustapha Ly
    Bertrand BIO-MAMA
    July 11, 2019
    The co-author, Bertrand Bio-Mama, is an alumnus of the Emerging Leaders Program 2017. Les échanges commerciaux ont, depuis des siècles, été au cœur des enjeux économiques à travers le monde. L’histoire nous apprend, par exemple, qu’au XVIIIème siècle, la recherche de nouveaux marchés avait poussé l’Europe à aller à la conquête du monde. En effet, les échanges commerciaux représentent un instrument important, voire vital, pour la croissance de l’économie et le progrès social. De nos ...