The Global Green Growth Institute (GGGI) participated in a number of events today at World Water Week held in Stockholm, Sweden. Organized by the Stockholm International Water Institute (SIWI), GGGI participated in a workshop engaging stakeholders from Swedish government and development organizations to discuss opportunities for collaboration that will enhance the impact of green growth and climate action projects in developing countries.
During the workshop, which included senior official from the Stockholm Environment Institute (SEI), the Stockholm Resilience Centre (SRC), the Swedish International Development Cooperation Agency (SIDA) and SIWI, GGGI highlighted the impact its sustainable energy and water and sanitation projects are delivering in countries such as Uganda and Vanuatu.
GGGI also highlighted its strategic partnership with the Green Climate Fund through its work to strengthen developing countries’ ability to directly access and implement climate finance. GGGI and the Swedish organizations, in turn, considered how to further scale-up climate action efforts through closer partnerships.
GGGI also participated in the World Water Week seminar “Is there such thing as innovative financing for ecosystems management?” Peter Vos, Deputy Director and Global Water Sector Lead at GGGI delivered a presentation on financing water conservation for ecosystem services. He emphasized Payment for Ecosystem Services (PES) as a powerful tool for enhancing economic, environmental, and social returns from investments in integrated ecosystem management. GGGI is implementing PES in the water sector and has been involved in the development of financial instruments to support ecosystem services in several developing countries.
“GGGI deliver green growth services in the water sector that requires apply market-based solutions for managing ecosystem services using innovative financial instruments such as Payment for Ecosystem Services. GGGI sees PES model as it not only provides one such a vehicle for incentivizing ecosystem management, but also helps achieve long-term sustainable goals.” said Mr. Vos.
World Water Week is the annual focal point for the globe’s water issues. It is organized by SIWI. The theme for World Water Week 2018 is “Water, ecosystems and human development”.