GGGI is works at the global level to elevate the importance of the role of public-private cooperation in strengthening incentives for the internalization of environmental externalities in core business strategies. GGGI is leading the following global-level Public-Private Cooperation activities.
- Global Green Growth Forum(3GF)
Initiated by the Danish government with the support of the Korea and Mexico and developed with the Global Green Growth Institute, 3GF is an annual event centered on public-private cooperation in the field of green growth. Its aim is to become the leading international venue for the demonstration of leadership and cooperation by top-level global decision-makers in the field of green growth.
- G20 Green Growth Action Alliance(G2A2)
- World Economic Forum
The World Economic Forum (WEF) is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas. The WEF’s Environmental Initiatives focus on creating more substantive and impact-oriented collaboration between the public, private and expert sectors on environmental and sustainability issues for the global public good (such as climate change and sustainable consumption), as well as catalyzing specific initiatives that help shape regional and industry agendas (such as improving water security, financing sustainable land use, scale up of low carbon technologies and finance).
GGGI is partnering with the World Economic Forum’s green growth and climate change initiatives, specifically for the work on blending public and private funds to advance new models for green growth finance. In addition, GGGI is to broadening its green growth partnerships through the WEF’s engagement with Water Resources Group and Green Growth Action Alliance, among others.
- Water Resource Group(WRG)
- Clean Energy Ministerial(CEM)
GLOBAL PUBLIC-PRIVATE PARTNERSHIP INITIATIVES
- Energy Efficiency Finance
- Energy Efficiency Indicators
- Power System Transformation
GGGI is building corporate community of industry champions in green growth.
Facilitating cooperation between the public and private sectors to strengthen the enabling environment for innovation, investment and diffusion of resource-efficient corporate practice constitutes one of the Institute’s three main pillars of activity. To that end, GGGI welcomes companies of various industries and regions to engage in its industry-led and public-private work through specific projects. We invite a select number of companies to help steer and resource these and other activities through membership in its Corporate Council.
GGGI’s Corporate Council is an invitation-only, geographically diverse group of up to 20 the world’s leading green growth corporations from different economic sectors. These are companies that share GGGI’s vision and wish to help shape its ambitious strategy to advance the practice and theory of green growth through the creation of sound policy in individual countries and provinces (i.e., rigorous green growth economic development plans), a stronger foundation of empirical, policy and theoretical economic research; and bottom-up frameworks of public-private cooperation that remove impediments to the scaling of resource-efficient investment, innovation and commerce.
Danfoss, one of the biggest industry companies in Denmark is playing an active and leading role in GGGI’s public-private cooperation work, including with respect to energy efficiency initiatives.
Vestas Wind Systems A/S, one of the biggest Danish industrial companies as well as a global leader in the renewable energy industry has been active in discussions with policymakers regarding the need to create a more conducive enabling environment for the scaling of investment in clean energy solutions.
In this context, Vestas is contributing GGGI’s Sustainable Energy Trade Agreement (SETA) research projects to support for the creation of a sectoral free trade arrangement for sustainable energy products and services that would eliminate tariffs, coordinate standards and perhaps begin to discipline domestic fossil fuel subsidies. The purpose of SETA project would be to create a tangible, positive incentive within the international trading system for the development and proliferation of low-carbon goods and services, thereby helping to accelerate progress on the mitigation of greenhouse gas emissions while promoting economic growth. Among the project partners are the Peterson Institute for International Economics (PIIE), International Center for Trade and Sustainable Development (ICTSD) and POSCO Research Institute.
POSCO, one the biggest steelmakers in the world has built an environmental management system based on ISO 14001 and announced the vision of “Global Green Growth Leader” and CO2 reduction. To that end, POSCO wishes to play an active and leading role in a sustainable global development and developing country where social responsibility, environmental climate and green growth considerations go hand in hand with sound business developments.
GGGI and POSCO is to cooperate in promoting a transformation toward green growth economy and business in both developing and developed countries GGGI advises, especially in renewable energy development, smart grid solution development and integration and green infrastructure, among others where POSCO has been active in leading industrial transformation.
In 2012, POSCO and GGGI are working together with Masdar Institute of Science and Technology to build a viable model of micro-grid system in U.A.E.
GGGI is broadening its Public-Private Cooperation partnerships with like-minded international institutions.
- Japan Renewable Energy Foundation
Japan Renewable Energy Foundation (JREF) is a public interest foundation established in Tokyo, Japan to contribute to the large-scale, urgent and efficient deployment of renewable energy technologies in Japan, Asia and the World with the support of Chairman and CEO of SoftBank, Mr. Masayoshi Son. The mission of JREF is to contribute to an economically efficient deployment of renewable energy, allowing public participation in the development and implementation of energy policies in order to improve environmental and economic performance of the energy system.
GGGI and JREF are to cooperate in joint works on policies and business models for utilization of renewable energy, and on international trade in sustainable energy, in particular the infrastructure for trade in sustainable renewable electricity in order to realize a long-term regional integration of Asian grid networks.