Leaders from government, business and civil society have launched a new sustainable growth alliance at the UN headquarters during Climate Week NYC.
Partnering for Green Growth and the Global Goals 2030 (P4G) will develop plans to drive growth while supporting UN Sustainable Development goals (SDGs) and the Paris Climate Agreement.
It is thought that scaling up effective solutions and deploying new models of economic development could create $12trn (£8.9trn) worth of business, and 380 million jobs by 2030 – almost 90% of which would be in developing countries.
“Sustainable development is a universal task that requires action from all of us in concert,” said Lars Løkke Rasmussen, prime minister of Denmark – one of the countries leading the project.
“To accelerate progress and deliver concrete results on the SDGs, it is paramount that governments and cities join hands with the private sector through innovative public-private partnerships.”
Along with Denmark, the countries that have signed up to lead the P4G project include Chile, Ethiopia, Kenya, Korea, Mexico and Vietnam.
It intends to create a space for innovative partnerships with businesses, national leaders, financiers, and community development advocates, “creating a global economy that works for everyone”.
Partners will regularly engage with sub-national, national and international leaders, including through biennial summits, offering inspiration, technical support, and financial assistance to drive sustainable growth ideas.
The project will focus its efforts on improving energy efficiency, water management, ecosystem restoration, sustainable land use, and food systems, creating sustainable cities and adopting circular economy principles.
“It is profoundly encouraging to see this group of leading nations and companies driving forward new economic models that will benefit the economy, citizens and the environment,” World Resources Institute CEO, Andrew Steer, said.
“P4G can be a catalyst for dynamic collaborations that will speed, scale and track this progress toward a more inclusive and robust form of global development.”
Read more about the new global alliance here.
