Country for PR: China
Contributor: PR Newswire Asia (China)
Thursday, May 19 2022 - 11:42
GI Hub Convenes Global Experts to Advise on a G20 Framework to Boost Investment in Sustainable Infrastructure
SYDNEY, May 19, 2022 /PRNewswire-AsiaNet/--

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 ( 
), 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 ( 
) 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

Source: Global Infrastructure Hub