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

  • Poverty reduction in Brazil… partially gone with the cycle
    Authors
    Otaviano Canuto
    May 21, 2019
    Throughout my last 15 years working in multilateral institutions, many times around the world I was asked to speak about the success of poverty reduction in Brazil during the new millennium. Last week, someone who was on such an occasion in October 2013 in Nairobi asked me what my numbers had become after these recent years of precarious macroeconomic performance and high unemployment in the country. I replied that they have changed ... in part! Indeed, the fact that, even without ...
  • Cinq grandes tendances dans une Afrique en mutation
    Authors
    Sabine Cessou
    May 17, 2019
    Sur quelles contraintes faut-il anticiper lorsqu’on évoque la croissance de l’Afrique? Comment guider les décideurs politiques dans les priorités à définir pour piloter l’économie et arriver à bon port dans le monde qui vient? Le séminaire organisé le 11 avril à Paris par le PCNS et le Centre de développement de l’OCDE a apporté des éléments de réponse. La discussion s’est ouverte en prenant appui sur le rapport de référence publié en 2018 par l’Union africaine et l’OCDE sur les “D ...
  • Download PDF
    The Crisis in World Trade
    Authors
    Akman, S.
    Armstrong, S.
    Braga, C.
    Uri Dadush
    Gonzalez, A.
    Kimura, F.
    Nagakawa, J.
    Rashish, P.
    Tamura, A.
    May 15, 2019
    This policy brief (PB), prepared for the G-20 Working Group on Trade, aims to provide decision-makers with a succinct review of the state of the trading system, to point to likely scenarios, and to serve as a background to or reference for the other six PBs prepared by the T20 Task Force on Trade, Investment and Globalization. The brief argues that the world trading system has been remarkably successful in many respects but that the present strain reflects causes which are deep-seat ...
  • Download PDF
    Reform and Opening-up: Chinese Lessons to the World
    Authors
    Marcus Vinicius de Freitas
    May 8, 2019
    Reform and Opening-up profoundly altered the face of China. From an agricultural backwards country, which had suffered humiliation by Western powers and Japan in the 19thand early 20th century, to the largest economy in the world in Purchasing Power Parity terms, the Chinese saga for reinsertion into the global scene is not a miracle. It is the result of hard work, visionary leadership and the wise use of its most widely available commodity: its hard-working people. Of course, there ...
  • لجان القوى العاملة القطاعية، أو حينما تكون الحركة العمالية داعمة لتنمية اقتصادية واجتماعية مندمجة
    Authors
    Tayeb Ghazi
    May 2, 2019
    يعاود الفاتح من ماي اطلالته السنوية لينقش في الذاكرة تخليدا لأرواح نقابيي شيكاغو التي ضحوا بها في منتصف ثمانينيات القرن التاسع عشر إيمانا بضرورة تحسين شروط وظروف العمل، ووجوب حصر ساعاته اليومية في حدود الثمانية. وبعد قرابة ثلاثين عاما على أحداث شيكاغو، سيعرف المغرب - مع انتشار العمل المأجور خلال فترة الحماية - تأسيس أولى نقاباته، بمفهومها الحديث، بعد ترخيص الاقامة الفرنسية لنشاطات كل من "الجمعية العامة لموظفي الحماية" في ماي سنة 1919, يليها "تجمع الشحن والافراغ المغربي" في يونيو، ث ...
  • Download PDF
    African Valleys and the Geopolitics of Innovation: Reality, Potential and Challenges
    Authors
    Bouchra Rahmouni
    April 30, 2019
    In a globalized world, the ability of countries to innovate is crucial to creating high levels of value added and enhancing economic competitiveness. Silicon Valley, USA, is a development model that many African countries seek to emulate by creating «African Valleys». The success of major US corporations has persuaded a great number of players that new technologies are essential drivers of growth, and several states have implemented policies to stimulate the development of start-ups ...