GGGI’s Public-Private Cooperation (PPC) program is designed to facilitate the engagement of the resources and expertise of the private sector, both domestically and internationally, in the implementation of green growth strategies in its developing partner countries. GGGI works to accelerate the world economy’s transition to green growth by facilitating industry-government cooperation to scale resource efficient investment, innovation and management best practice within the private sector.
It facilitates such public-private cooperation at two levels:
- Linking companies to developing country governments that are seeking private sector finance, technology and expertise to accelerate implementation of their green growth economic development plans; and
- Building intra- and cross-industry programs of cooperation, and linking them to relevant intergovernmental processes, to expand markets in developing and emerging countries for resource-efficient products, services and industrial processes.
GGGI aims to play two very specific and important roles in fostering public-private cooperation.
First, GGGI strives to connect developing countries or provinces that have developed rigorous green growth plans with potential providers of capital and technology by rendering these economic plans into specific investment plans in key sectors that help tap domestic and external, as well as public and private, sources of finance in an optimal manner. This is often the missing link in infrastructure and climate finance. Developing countries sometimes lack the expertise to build “bankable” investment cases and project preparation plans, leading to a situation in which committed official funds either go undisbursed or applied in a fashion that fails to tap the larger amounts of private investment which are potentially available. The development finance community has historically underinvested in such specialized in-country technical assistance and capacity building and appears likely to continue to do so. GGGI helps fill this gap by virtue of its familiarity with the country’s green growth economic development plan, the strategic relationship it builds with the government in helping to design their plans, and its neutrality in the sense of not being part of a financing agency or bilateral political relationship.
Second, GGGI works to elevate the importance political and business leaders attach to the role of public-private cooperation in strengthening incentives for the internalization of environmental externalities in core business strategies. It acts as a strategic partner for purposes of content design of the Global Green Growth Forum, which is a high-level partnership of three developed (Denmark, Republic of Korea and Qatar) and three developing countries (Mexico, People’s Republic of China and Kenya) that seeks to support the innovation and scaling of private sector engagement in various dimensions of green growth.
GGGI aims to put green growth at the center of the international economic policy agenda, so that governments in developing and emerging countries attach greater importance to adopting and implementing policies, agreements and cooperative arrangements that facilitate the flow of private investment and technology to those places where they are needed for green growth to happen.