G20 Development Working Group Submissions
and for getting both consumers and businesses to
internalize the true cost of their behavior. The toolkit
and the DWG's other IGG initiative - the DPIGI —
complement each other.
Financing the IGG transformation will be a major
challenge to the global economy in the 21st
century. Both public and private funds for such
investments in IGG will be of utmost importance.
In addition, it is also vital for countries to be able
to continue leveraging financial resources to that
end, where the private sector also has a key role
to play. The 2012 Los Cabos Leaders' Declaration
mandated the DWG to explore ways to scale up
private finance for IGG investments in developing
countries, especially LICs. This is being pursued
through initial steps to set up the DPIGI, which
aims to bring together diverse relevant public and
private stakeholders to identify and address existing
bottlenecks and to scale up financial investments
for inclusive green growth in developing countries,
especially LICs. In a first stocktaking undertaken
by the IFC, knowledge gaps were examined and
initial insights presented. An expanded stocktaking
exercise will identify promising ideas for innovative
approaches to leveraging private investment in IGG
to support sustainable development. This work will
be extended in collaboration with interested partners
as input to the 2013 G20 Leaders' Summit to serve
as a base for establishing the DPIGI in 2014.
INCLUSIVE GREEN GROWTH
Baseline Commitment
66."Welcome the delivery of
a non-prescriptive, voluntary
toolkit of policy options for
inclusive green growth and
encourage efforts to promote its
implementation" (2012 Leaders'
Declaration).
Saint Petersburg Accountability Report on G20 Development Commitments
70
Implementation Notes
2013: Relevant IOs will update the toolkit
with additional tools and practical examples.
July 2013: A workshop is held on the
sidelines of the G20 DWG meeting to examine
practical application and experience on the ground
and exchange ideas and proposals for its further
implementation.
May 2013: Relevant IOs deliver a revised
version of the toolkit that includes: an update on the
tool for Integrated Water Resources Management
(IWRM); and two new tools one on climate
change and the other on energy.
October 2012: the AfDB, OECD, WB
and UN updated the DWG on their efforts to
mainstream IGG in their strategies and operations,
and to use the Green Growth Knowledge Platform
(GGKP) to facilitate knowledge sharing, as well as
to disseminate the toolkit.
May 2012: The AfDB, OECD, WB and UN
present to a report to the DWG entitled "A toolkit of
policy options to support inclusive green growth".
Chapter 2
Implementation of G20 Commitments
on Development
Status
On-track:
This action
is being
implemented
as planned, but
further efforts
could be madeView entire presentation