Dominic Waughray, Senior Director, Environmental Initiatives
Thomas Kerr, Director, Climate Change and Green Growth Initiatives
During 2012, the World Economic Forum brought together these various workstreams together to assist the Mexican G20 Chair with a series of refreshed B20 Task Forces that provided guidance and input to the G20 Summit in Los Cabos, including a Task Force on Green Growth. The Green Growth Task Force brought together for the first time leading public finance agencies, private investors, infrastructure and agriculture companies, and inter-and non-governmental organizations, with a specific focus to set recommendations for green growth. Task Force members took the decision to supplement their set of G20 recommendations with an offer to launch the Green Growth Action Alliance, a practical vehicle for action with a clear mission to advance the green investment agenda and to report on progress to the G20.
The World Economic Forum is honoured to serve as the Secretariat of the Green Growth Action Alliance, and to help its members to achieve impact through advancing new solutions, engaging a wider set of public and private finance providers, and providing workable models on finance to existing platforms and institutions such as the United Nations Framework Convention on Climate Change, the United Nations Sustainable Energy for All Initiative, the World Bank Group, the International Development Finance Club, the Global Green Growth Institute, and the Global Investor Coalition on Climate Change.
The Alliance now counts nearly 60 members collaborating to identify ways that limited public funds and public policies can be targeted to unlock and scale up private-sector investment, through identifying innovative financing and de-risking structures, supporting pilot-testing of new models in key regions, and feeding results into international processes. We hope this first report will provide a blueprint for action that government, business and civil society leaders can use to transform the global economy to an economically and environmentally sustainable pathway. We look forward to reporting on our progress in the future.
Dominic Waughray, Senior Director,
Thomas Kerr, Director,
Climate Change and Green Growth Initiatives