- Posted by Kieth Oliver
- On December 12, 2015
- 0 Comments
The Global Green Growth Institute (GGGI), in collaboration with multilateral development banks (MDBs) and UN regional, economic and social commissions, has launched the ‘Inclusive Green Growth Partnership’ to support finance for green growth projects that promote inclusiveness, shared prosperity and equitable growth in emerging economies.
Officially launched at a high-level event on the sidelines of the Paris Climate Change Conference, the Partnership will support MDBs and other funds in identifying opportunities for green growth investments by: providing technical expertise; enhancing collaboration with emerging economies and least developed countries (LDCs); building capacity to develop green capital projects; and promoting climate finance readiness. The Partnership also aims to increase the impact of green projects by reducing policy barriers and exploring synergies between economic growth, social protection and climate adaptation at the national level.
The funding members of the Partnership include the: Asian Development Bank (ADB); African Development Bank (AfDB); Inter-American Development Bank (IDB); the UN Economic Commissions for Africa (ECA) and for Latin America and the Caribbean (ECLAC) and the UN Economic and Social Commissions for Asia and the Pacific (ESCAP) and for Western Asia (ESCWA).
GGGI was founded to support and promote green growth and economies that are efficient and sustainable in their use of natural resources, less carbon intensive and more resilient to climate change. [GGGI Press Release] [COP 21 High-level Event and Launch Ceremony] [GGGI Website]