Global Green Growth Forum Launches New Public Private Partnerships

9 October 2012

The Global Green Growth Forum was opened by the Prime Minister of Denmark Helle ThorningSchmidt, and by the partner countries represented by the Prime Minister of South Korea, Kim Hwang-sik and the Minister of Environment and Natural Resources from Mexico Juan Rafael Elvira Quesada; Vice Minister National Energy Administration from China Liu Qi; Chairman of the Administrative Control and Transparency Authority of Qatar and the Incoming President of COP18, HE Abdullah bin Hamad Al-Attiyah; and the Minister for Medical Services from Kenya Peter Anyang’Nyong’o.

The overriding theme of the 3GF 2012 was resource efficiency and growth. Recognising that a return to higher growth rates and employment continue to be at the forefront of politics across the globe, the 3GF 2012 explored in greater detail the economics as well as the political economy of green growth. Concrete results from the Global Green Growth Forum 2012 included:

Energy efficiency finance:

3GF launched a new PPP on energy efficiency finance. This PPP aims to create a new market for energy efficiency services in industries through the banking system. This will facilitate company senior management’s decision making on concrete energy efficiency investment. Key partners are the Institute for Industrial Productivity, Global Green Growth Institute and HSBC.

Procurement and private finance:

3GF progressed a PPP on procurement and private finance initiatives that will put in place projects to position public procurement as a driver for green growth. The PPP is led by International Institute for Sustainable Development and contains partners from public sector (State Government of Sao Paulo, Brazil), private sector (Philips, Danfoss, Abu Dhabi Sustainability Group).

Energy Efficiency Indicators: 3GF launched a new PPP on Energy Efficiency Indicators in the area of motor systems, which represent a huge and largely untapped, cost-effective source for industrial energy savings. Development of indicators will help decision-makers and industry in rapid deployment of EE measures. UNIDO and Global Green Growth Institute are leading this initiative and reaching out to the private sector.

Power sector transformation: 3GF launched a public private partnership to accelerate policy innovation in support of power sector transformation. This Partnership is based on the 21st Century Power Partnership (21 CPP). Recognising the critical role that the power sector plays in achieving green growth, the Partnership will engage the private sector in advancing policies for reliable, affordable, equitable, and clean electricity systems. National Renewable Energy Laboratory (NREL) is leading this initiative.

Bio-based growth:

3GF pioneered a European PPP on promoting sustainable bio-based growth through securing finance for shared research and innovation facilities to the amount 3.8 billion EUR. The importance of reaching to civil society was recognised. The partners include the European Commission, Novozymes and other bio-based industries.PRESS RELEASE

About the Global Green Growth Forum 2012

The Global Green Growth Forum is a unique platform to catalyse partnerships that can rapidly bring to scale green growth opportunities. Realising the potentials in green growth require massive and effective mobilisation of financial, technological and human capital – this will only be possible if governments and private sector collaborates at the national and the international level to overcome barriers, and create the right framework and for actors to innovate and invest.

The Global Green Growth Forum, is a partnership between the Governments of Denmark, Republic of Korea, Mexico, China, Kenya, and Qatar, leading global corporations and international organisations. Danfoss and Vestas are official corporate partners to the Global Green Growth Forum.

Click here to read the summary of proceedings

For more information, please see: www.globalgreengrowthforum.com

For further details please contact:

Sus Ulbæk Eva Grambye

Ambassador, Global Green Growth Head of the 3GF Secretariat

Tel: +45 33 92 18 39 Tel: +45 33 92 02 68

Mob: +45 25 26 75 14 Mob: +45 41 90 41 28

Email: [email protected] Email: [email protected]