Climate Change Initiative 2011-2012: Green Growth Partnerships

The Green Growth Partnerships Initiative will work with a select group of emerging economy governments in Latin America, sub-Saharan Africa and Asia to help prepare concrete policy changes that would allow them to transform their lowcarbon growth plans (as well as some key sector strategies and project concepts within them) into bankable propositions that are attractive to the private sector and the capital markets. Sectors under examination will include energy, transport and land use. The initiative is a collaboration with the United Kingdom Government and is undertaken in association with the Global Green Growth Institute (GGGI). Outcomes will be presented at UNFCCC COP 17 in Durban, at Rio+20 and at UNFCCC COP 18 and they will also feed into the G20 Business Task Force on the Green Economy. The World Economic Forum event calendar will be used to convene related discussions. If dangerous climate change is to be avoided, the shift to a low-carbon growth trajectory will cost billions of dollars and needs to happen fast and at scale. sector-specific case studies of good climate change investment policy; and a boost to the market for green investment and innovation in the three project locations. The initiative is a collaboration between the United Kingdom Government and the World Economic Forum, as part of the UK Governments Capital Markets Climate Initiative. It will leverage various public-sector assets, funding mechanisms and international networks available to the United Kingdom government to develop and resource the government partnerships. The initiative will also build on specific government partnerships within which to apply the outcomes and experience gained from a number of recent industry and crosssector initiatives that the Forum has pursued in the low-carbon agenda over recent years, particularly in clean energy, finance, land use and transportation and including most recently the safe spaces for low carbon investment and development created by the public-private Critical Mass initiative. The initiative is also undertaken in association with the Global Green Growth Institute.

The initiative builds on previous work undertaken by the World Economic Forum, in particular the Critical Mass initiative and the Financing Sustainable Land Use initiative. For background on this work, please see www.weforum.org/climate: For many emerging economies, there is a green growth opportunity if the various public Scaling up Low-Carbon Infrastructure Investments in Developing Countries report, funds on offer within the international processes World Economic Forum, January 2011 can be designed to catalyse additional flows Proposals from the Private Sector for of private capital into their economies to invest Engagement at Scale in REDD+ report, in new technologies and infrastructure. This World Economic Forum, January 2011 will, however, require an upgrading of current low-carbon growth plans into investment grade policies, programmes and projects for Engaging World Economic Forum key sectors of industry and the economy. The communities international community recognizes that the need for practical, good quality national case Building on the strong interest and engagement studies is now pressing. of stakeholders in this project, the World Economic Forum aims to build an exclusive The World Economic Forum Climate Change public-private group of senior representatives Initiative for 2011-2012 responds to these from business, development finance and needs. government representatives that have a clear stake in the countries and sectors in which the The initiative will provide a safe space that initiative will function and that can help drive enables companies, investors and finance concrete change on the ground in emerging experts pioneering business models in the economies. low-carbon space to work closely on project and policy recommendations with emerging Select representatives from the following Forum economy governments, their domestic private industry communities will be invited to engage: sector and international officials. If successful, financial services, private investors, engineering the outcome will be threefold: some significant & construction, energy, mobility, food & new project opportunities; new country and beverage, agribusiness, mining and metals sectors.

Timeline

2011 APR. MAY JUN. SEPT. NOV.

2012 JAN.

Latin America

Africa

Europe and Central Asia

Annual Meeting of the New Champions 2011 Peoples Republic of China

India Economic Summit

Annual Meeting 2012

World Economic Forum Meetings

Rio de Janeiro, Brazil

Cape Town, South Africa

Vienna, Austria

New Delhi, India

Davos, Switzerland

27-29 Apr. Green Growth Partnerships sessions

4-6 May

8-9 June

14-16 Sept.

13-15 Nov

25-29 Jan. .

For more information please contact: Dominic Waughray, Senior Director, Environmental Initiatives, dkw@weforum.org; Brindusa Fidanza, Associate Director, Environmental Initiatives, bfi@weforum.org