The Global Infrastructure Hub (GI Hub) technical working group of global infrastructure, finance and climate experts has reviewed a draft framework that will provide new recommendations for expanding private sector investment in sustainable infrastructure.
GI Hub’s Chief Content Officer (COO), Henri Blas, convened the technical working group to review the draft framework, to be released in Q4 2022.
The framework, which is being developed with support from the Organization for Economic Co-operation and Development (OECD) and the Global Infrastructure Facility (GIF), supports the G20’s infrastructure and sustainable finance priorities and is consistent with a new GI Hub report on infrastructure transitions .
Infrastructure leaders from the Indonesian G20 Presidency, G20 finance ministries and central banks, long-term investor networks, multilateral development banks, GIF and the OECD are involved in the group and directly contribute to shaping the framework’s recommendations.
Infrastructure remains a major impediment to meeting urgent climate goals, consuming 60 percent of the world’s materials and responsible for 79 percent of global greenhouse gases.
At the COP26 climate conference in Glasgow in November 2021, countries agreed on several pledges that will drive sustainable infrastructure.
The new framework will help decision-makers translate such high-level commitments into tangible results at the global level.
“Sustainable infrastructure now attracts half of all private sector infrastructure investment, but the total amount of private investment in infrastructure, $100 billion in 2020, is still nowhere near enough to address the climate emergency,” Blas said.
“To meet this challenge, the GI Hub brings together solutions to scale private investment in sustainable infrastructure into a practical framework that facilitates immediate and practical action.”
The framework will build on the GI Hub’s Infrastructure Monitor report on private investment in infrastructure, draw on GI Hub’s recent data analysis “Transformative Outcomes through Infrastructure” and drive the G20 infrastructure agenda forward.