P4G Partnerships Present Innovative Projects to Investors and Business and Political Leaders
P4G organizational partner World Economic Forum will host a P4G Green Growth Session as part of The Forum’s Sustainable Development Impact Summit in New York. P4G will connect members of its board and leaders within its network with three P4G scale-up partnership finalists innovating towards green growth. The session will allow the P4G partnerships to present their projects to investors and business leaders who will then pose solutions to the specific challenges each partnership is facing, while also encouraging l attendees to commit to action upon sustainable solutions in their unique positions as public and private sector leaders.
Terri Toyota, Deputy Head of Centre of Global Public Goods for the World Economic Forum will welcome participants. President and CEO of World Resources Institute Andrew Steer will facilitate the event. He will be joined by Danish State Secretary for Development Policy in the Ministry of Foreign Affairs, Martin Bille Hermann.
“P4G’s vision is one of highly collaborative change. In its aim of becoming the world’s leading forum for public-private partnerships delivering on the global goals, P4G is matching the best ideas with political and financial networks across the globe,” said Steer. “The featured partnerships at this Green Growth Session will be valuable case studies for how cross-sector action can move change forward.”
Frank Rijsberman, Director-General of GGGI, and Torben Moger Pedersen, CEO of PensionDenmark will join the session as “Firestarter” leaders to extend first-hand experience with the opportunities and challenges in the green growth and sustainable development goal field.
Introduced by Amy Jadesimi, Managing Director and CEO, LADOL
The Made in Africa Initiative, led by SYSTEMIQ and with support from UNDP, will integrate sustainability in the planning and operations of Special Economic Zones, with an initial focus on industrial parks in Ethiopia and Kenya. Through the institution of sustainable special economic zones (SSEZ), this partnership will focus on promoting human rights and curbing the environmental impact of industrial production, while aiming to extend economic growth and job creation beyond the enclave of the zone. Building upon previous successes in Nigeria, this partnership will promote sustainable energy and the reuse of water and waste.
Introduced by Ana Haiduka, CEO, Africa GreenCo
Across the 15 countries that make up the South Africa Development Community, less than a quarter of the population have access to electricity, while in rural areas that number goes down to 5 percent. GreenCo is a public-private-partnership between African governmental organizations, the private sector and international financial institutions to create a dynamic new participant in the Southern African Power Pool (SAPP). GreenCo will be a regional creditworthy intermediary offtaker and power services provider, reducing the credit risk and therefore cost of renewable energy generation projects. Its initial focus will be on supporting projects in Zambia prior to expanding into other SAPP member countries. GreenCo’s transformative role is to mobilise significant private sector finance for the sector, to increase the liquidity of and reliance on the SAPP markets for risk mitigation and begin to diversify away from the current model of African governments taking on heavy contingent liabilities to secure individual energy projects. Ultimately, improving energy access will enhance education, health care, and stimulate economic development in a part of the world with the highest concentrations of people living in poverty.
Introduced by Mark Watts, Executive Director, C40
The Zero Emission Bus Rapid-deployment Accelerator (ZEBRA) will partner with Mexico City and São Paulo—two megacities each with more than 20 million residents—and Medellín, Colombia to increase their deployment of electric buses. Replacing diesel buses with electric buses leads to cleaner air and a reduction in carbon emissions that contribute to global warming. Led by C40 and the International Council on Clean Transportation, ZEBRA expects to secure a public commitment from regional finance institutions to invest USD 1 billion in zero-emissions electric drive technology in Latin America by 2021. In addition, ZEBRA will gain commitments from major bus and engine manufacturers to support the growth of electric buses in Latin America through collaboration with cities on vehicle specifications, charging strategies, pilot projects, and financing.