Climate change is one of the most urgent and complex challenges of our time and requires immediate action to mitigate GHG emissions and build resilience to irreversible changes, while sustaining economic growth and an expanding global population. Already strained from COVID-19 recovery efforts, governments and public budgets are increasingly unable to address climate risks and achieve the goals of the Paris Agreement. These fiscal constraints underscore the need for private sector participation to bridge the funding gap and advance sustainable infrastructure development.
Public Private Partnerships (PPPs) are a powerful tool as they are able to provide well-informed and well-balanced risk allocation between public and private stakeholders — offering long-term visibility and stability for the duration of a contract – and compensating climate change uncertainty through contractual predictability.
The Climate Toolkits for Infrastructure PPPs (CTIP3) provide a suite of practical tools to embed climate mitigation and adaptation approaches into the earliest phases of PPP advisory work and structuring. Building from the recently released umbrella CTIP3 intended for multi-sector use, the accompanying suite of 5 sector specific toolkits, which target the Energy, Transport, Water and Sanitation and Digital/ICT sectors allow users to screen for climate risks and opportunities, and facilitate private sector mobilization in low carbon and resilient infrastructure in emerging markets and developing economies.
Join the launch event for the CTIP3 on June 21, where our discussion aims to raise awareness of the recently published sector-specific toolkits. Prepared by the Global Infrastructure Facility (GIF), The Public Private Infrastructure Advisory Facility (PPIAF) and International Finance Corporation (IFC), the Launch Event will explore the scope, features and paramount need for the sector specific CTIP3 suite.