GI Hub Convenes Global Experts to Advise on a G20 Framework to Boost Investment in Sustainable Infrastructure
PR96072
SYDNEY, May 19, 2022 /PRNewswire=KYODO JBN/--
The Global Infrastructure Hub (GI Hub) has announced the formation of a
Technical Working Group of global infrastructure, finance, and climate experts
to provide strategic advice to the G20 and GI Hub on a forthcoming framework
that will offer new recommendations for scaling up private sector investment in
sustainable infrastructure.
Last week, the GI Hub's Chief Content Officer (COO) Henri Blas convened the
Technical Working Group to review the draft framework, which is due to be
published in the fourth quarter of 2022. The framework, which is being
developed with support from the Organisation for Economic Co-operation and
Development (OECD) and Global Infrastructure Facility (GIF), supports the G20's
infrastructure and sustainable finance priorities and aligns with a new report
by the GI Hub on infrastructure transition pathways.
Infrastructure leaders from the G20 Indonesian Presidency, G20 Ministries of
Finance and central banks, long-term investor networks, multi-lateral
development banks, GIF, and the OECD are involved in the group, and provide
direct input into shaping the framework's recommendations.
Infrastructure continues to be a major barrier to achieving urgent climate
targets, consuming 60% (
) of the world's materials and responsible for 79% (
) of global greenhouse gases. At the COP26 Climate Change Conference in Glasgow
last November, countries agreed on several pledges that will drive sustainable
infrastructure. The new framework will help decisionmakers translate such
high-level commitments into tangible deliverables at global scale.
"Sustainable infrastructure now attracts half of all private sector investment
in infrastructure, but the overall amount of private investment in
infrastructure, USD100 billion in 2020 (
https://www.gihub.org/infrastructure-monitor/?utm_source=PR&utm_medium=media&utm_campaign=TWG_media
), still isn't nearly enough to address the climate emergency," said GI Hub COO
Henri Blas. "To help address this challenge, the GI Hub is aggregating
solutions for scaling up 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 (
https://www.gihub.org/infrastructure-monitor/?utm_source=PR&utm_medium=media&utm_campaign=TWG_media
) report on private investment in infrastructure, draw on the GI Hub's recent
data analysis, Transformative Outcomes through Infrastructure (
), and advance the G20's infrastructure agenda.
Media contact:
Media and Communications Manager
Angelique Dingle
angelique.dingle@gihub.org
+61-428-897-936
Source: Global Infrastructure Hub
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