Green growth and sustainable development is the only pathway that will sustain business, people and the planet and achieve the UN Sustainable Development Goals and the Paris Agreement on climate change.
The potential is huge. Moving down this pathway could create at least $12 trillion worth of business in food and agriculture; in cities and urban mobility; in energy and materials; and in health and wellbeing1. It could create 380 million decent jobs by 2030, with almost 90 percent in developing countries.
Green growth and sustainable development have gained momentum and entered the mainstream of political reform and business strategy. However, the pace and scale of change need to accelerate. Fulfilling the promise of achieving the sustainable development goals requires engagement, responsibility, resources and accountability from governments, businesses, investors, civil society, cities and academia. And not least a stronger commitment to partnerships at all levels and by all actors. Partnerships that bring together public and private sector actors to scale innovation and create a race to the top by changing market regulations, investing in innovative solutions that become feasible and by improving transparency and accountability.
FP4G is an action oriented global green growth engine following up on SDG 17 on multi-stakeholder partnerships. It is powering breakthrough partnerships with government, business and community leaders to speed up the delivery on the commitments of the Paris Agreement on climate change and on the UN Sustainable Development Goals.
P4G will also invest resources to enable the P4G public-private partnerships to emerge and thrive.
P4G will target developing and emerging economies that account for a substantial part of future economic growth.
P4G will focus on some crucial areas of system change in key economic systems where opportunities and impacts are greatest: energy, water, land-use and agriculture, cities and the circular economy.
Frontrunner countries including Chile, Denmark, Ethiopia, Kenya, Korea, Mexico and Vietnam, have taken the lead to gather an alliance of nations, private companies and international organisations with a shared commitment to deliver on the UN Sustainable Development Goals through partnerships. With an inclusive approach, the alliance will engage across borders and sectors to create an economy that works for all. The partner countries will establish independent platforms to coordinate national interests in the P4G and ensure that partnerships deliver results at scale.
P4G builds on three core elements:
P4G will focus on partnerships between public and private actors that enable accelerated transition of markets towards the SDGs. P4G will work with partnerships that combine the knowledge, resources, skills and competencies of different partners to address intractable challenges that markets and government action on their own have not been able to solve.
P4G partnerships will respond to a well-defined green growth challenge in a way designed to reach scale. Examples of partnerships could include: