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Dr Ronal Gainza -Programme Officer at Economic and Fiscal Policy Unit, UN Environment, where he coordinates green economy/green growth projects in countries from Africa, Latin America and the Caribbean for the Partnership for Action on Green Economy (PAGE). Here Ronal discusses some highlights of his Working Paper “Investing in the green economy: is it a way to achieve Sustainable Development Goals? An analysis of the experience of the eight African countries”.
Affordable and reliable access to infrastructure is critical for development, with major implications for health, education, social mobility, firm productivity, climate change, energy, forests and biodiversity. But access alone is not enough. What we really need is sustainable infrastructure. Sustainable infrastructure will provide the services and foundation for growth that are needed to reduce poverty and boost shared prosperity – but to get there, we must substantially increase financing for infrastructure in the developing world.
The Sustainable Asset Valuation (SAVi) facility brings sustainable development knowledge from UN roundtables to the desk of infrastructure investors.

Scaled-up green investment is critical to pursuing and maintaining a green growth path. The International Energy Agency estimates 48 trillion  US dollars of cumulative investment in energy supply and efficiency will be required by 2035 to enable growth in access while financing the clean energy technology investment needed to meet the 2℃ climate change target (IEA, 2015).

Green growth will necessitate a shift in both public and private investments, with the limited public funds accessible prudently targeted and accompanied by appropriate policy frameworks in order to leverage private financing. Mobilizing the required scale of green investment enables new and innovative approaches to generate action for global economic and climate challenges. Shifting to a greener growth trajectory requires a specific focus on communications, energy, transport, buildings and water networks.

The LEDS Expert Assistance on Finance (LEAF) program is developed to assist on designing finance, investment or funding strategy for a low emission project and provides no-cost assistance to representatives of government agencies and to technical institutes supporting them.

Relevance to the SDGs

The Sustainable Development Goals (SDGs) call for increasing green investment across sectors including energy (target 7.a), ecosystems (target 15.a) and infrastructure (target 9.4) as well as climate change mitigation actions (target 13.a).

Explore green growth resources related to SDGs:

SDG 9.4
Green Infrastructure
   SDG 13.a
  Carbon mitigation  

Best Practices

International Institute for Environment and Development (IIED)
Center for Study of Science, Technology & Policy (CSTEP), Global Green Growth Institute (GGGI)

Learning Products

Regional Resource Centre for Asia and the Pacific
Partnership for Action on Green Economy (PAGE)
Renewable Energy Academy (RENAC), Green Budget Germany

Projects

Global Green Growth Institute (GGGI)
Global Green Growth Institute (GGGI)
Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH